EGRAG CRYPTO, a crypto education and analysis platform, recently took to Twitter to share its predictions for Ripple’s (XRP) price in the coming days. The platform analyzed XRP’s Regression Channel and Bollinger Bands to gain a better understanding of what to expect from the digital asset.
According to EGRAG CRYPTO, if XRP can close above the Bollinger Bands, the remittance token could potentially target a higher price of $0.58. Additionally, if XRP’s price bounces from the top end of the Regression Channel, this could be a bullish move for the digital asset as it would indicate that bulls are eager to not lose $0.50.
Despite these predictions, EGRAG CRYPTO notes that XRP could still drop to between $0.43 and $0.37, but only if Bitcoin (BTC) tests $25k to $27k. However, the platform believes that XRP won’t revisit the $0.48 level.
