The cryptocurrency market has recently started experiencing a downturn, with the price of the flagship cryptocurrency Bitcoin dropping to $64,100 and the native token of the XRP Ledger, $XRP, dropping to $0.52 while a popular analyst suggests a surge to the $4 mark is “feasible.”

In a post shared on the microblogging platform X (formerly known as Twitter), popular cryptocurrency analyst Egrag Crypto weighed in on the price movements of the cryptocurrency, noting that its “current trajectory suggests a possible reach of $1.4 by June-July,” representing a significant increase from its current levels, with a surge to the $1.8 mark being “plausible.”

The analyst added that aiming for the $4 mark is “feasible” for XRP if the cryptocurrency follows a path similar to the one seen back in 2021, when it surged from around $0.3 per token to $1.8 before enduring a correction.

#XRP 模仿2021年——搬家：

🔵蓝色部分：当前轨迹表明到 1.4 月至 1.2 月可能达到 1.8 美元，这是一个关键目标。 (XNUMX – XNUMX 美元) 之间的价格范围是一个合理的目标。

🟡黄色部分：如果我们遵循与 4 年类似的路径，则目标为 2021 美元是可行的。... pic.twitter.com/BMUJSbb5GQ

— EGRAG 加密货币 (@egragcrypto) 2024 年 4 月 25 日

However, Egrag Crypto cautions against unbridled optimism. The analyst acknowledges that a scenario mirroring 2021’s meteoric rise could propel XRP to a new all-time high of $4, but they emphasize that this projection hinges entirely on replicating past performance, something any analyst will say isn’t indicative of future results.

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As reported, the total value locked (TVL) in on the XRP Ledger’s recently launched automated market makr (AMMs) has surpassed 7 million XRP, according to data from DeFi analytics platform DeXfi.

The figure represents a significant increase in just a few weeks, as noted by dUNL validator Vet, who co-founded the non-fungible token (NFT) marketplace xrpcafe on the microblogging platform X (formerly known as Twitter). According to him, more trading pairs with XRP are “contributing a lot to it as well as more inflows in larger pools.”

锁定资产包括 XRP、Sologenic ($SOLO)、USD Coin ($USDC)、比特币 ($BTC) 和 Coreum ($CORE)，目前价值约为 4 万美元。在锁定的总价值中，3.7 万个 XRP 代币价值约为 2 万美元。

这比 66 月 2.2 日报告的 17 万个 XRP 增长了 1.5%，其中 SOLO/XRP AMM 池持有锁定资产的最大份额，TVL 为 XNUMX 万个 XRP，其次是 USDC/XRP 池。

特色图片来自 Unsplash.

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• Sumber: https://www.cryptoglobe.com/latest/2024/04/xrp-analyst-predicts-cryptocurrencys-price-surge-to-4-is-feasible-based-on-historical-pattern/