• Analyst Egrag predicts that XRP may attain $13 if it clears the important $1.10 barrier.
• XRP just lately soared above $1, hitting a three-year excessive.
• Regardless of the pullback, Egrag believes the $1.10 stage indicators the start of a powerful bullish pattern for XRP.

Analyst Eglag stated the $13 worth vary is a promising goal for XRP, particularly after the cryptocurrency breaks via the essential $1.10 barrier. It’s value noting that XRP crossed the $1 mark two weeks in the past after buying and selling under $1 for greater than three years.

On the time, particularly on November 5, when XRP was buying and selling under $1, Egrag shared evaluation highlighting that reaching the $1.10 space would act as a catalyst for a extra explosive worth enhance. . Primarily based on the logarithmically measured transfer, he predicted a worth rally of ~$13, whereas the non-logarithmically measured transfer recommended a goal of $6.40.

Egrag stated the $1.10 stage can be the start line in each situations. Only a few days after his prediction, XRP regained the $1 worth level. Moreover, XRP made a daring transfer in the direction of the $2 vary and traded as excessive as $1.63 final Saturday.

XRP $1.10 Ignition stage begins

The analyst is much more assured in his XRP worth prediction as he believes the $1.10 ignition stage has been triggered. In his up to date feedback, Egrag acknowledged that the XRP bull market pullback continues. Notably, XRP has fallen to $1.29 after its latest peak of $1.63. Nevertheless, XRP has rebounded shortly and is at present buying and selling at $1.43.

For Egrag, this pullback strengthens XRP's long-term momentum. He believes this is a vital stage for the crypto market. It is because this might mark the tip of XRP's days round $1, paving the best way for greater worth factors quickly.

XRP rises 830% to $13

If XRP is buying and selling at $1.43, it could require a major progress of roughly 830% to achieve $13. Notably, this daring outlook is predicated on logarithmic scaling and takes under consideration percentage-based modifications, which, as Egrag identified, supplies a extra correct evaluation.

Non-logarithmic scaling, however, makes use of linear measurements and could be much less dependable at predicting massive worth modifications, he stated. This methodology predicts a goal worth for XRP of $6.40. Which means that holders can obtain a return on funding of 357% with this extra conservative method.