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Ripple’s XRP token has experienced a notable decline of 9.1% in the weekly charts and nearly 7% over the past month. Despite this correction, the cryptocurrency still boasts a 65.5% increase since January 2023.

 

Analyst Egrar Crypto remains optimistic about XRP’s potential for a substantial rally, comparing it to the previous cycle where the token surged 20x despite Ripple being embroiled in a legal battle with the US SEC. Egrag Crypto believes that, with improved legal clarity this time around, XRP could experience an impressive growth of 40x or even 50x.

 

 

 

A 40x increase from the current levels would propel XRP’s price to approximately $11, representing a growth of over 1800%. Alternatively, a 50x surge would push the token’s value to $14, showcasing an extraordinary increase of more than 2350% from its current standing.

 

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