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TL;DR<\/strong> <\/a><\/p>\n While some cryptocurrency analysts have recently envisioned a bright future for Ripple\u2019s native token and its potential price increase towards a new all-time high, the X (Twitter) user EGRAG CRYPTO\u00a0<\/span>assumed<\/span><\/a>\u00a0another pessimistic possibility.<\/span><\/p>\n In their view, XRP might plunge to as low as $0.10 if it drops below the important Fibonacci mark of $0.38, which has successfully served as a resistance level for the past seven months. EGRAG CRYPTO also suggested that traditional finance players, such as banks, institutional investors, and hedge funds, might \u201cdeliberately crash the price to snatch up XRP to bargain levels.\u201d<\/span><\/p>\n However, the analyst concluded that an 80% collapse seems \u201cunlikely\u201d and would be possible only in the case of a Black Swan event.<\/span><\/p>\n EGRAG CRYPTO assured that they remain a keen advocate of XRP and have no intention to sell some holdings until reaching certain higher targets.\u00a0<\/span><\/p>\n \u201cWhile I remain staunchly bullish on XRP, I find it intriguing to temporarily think like bears and explore the downside. No one, and I mean no one, can perfectly time the market. It\u2019s a rollercoaster, and we have to ride it and enjoy the thrill,\u201d the analyst added.<\/span><\/p>\n<\/blockquote>\n It is worth noting that EGRAG CRYPTO has a predominantly bullish stance on XRP, predicting its price to rise significantly on several occasions.\u00a0<\/span><\/p>\n Most recently, they\u00a0<\/span>forecasted<\/span><\/a> that the coin might experience a \u201cGod candle\u201d at the beginning of 2024, which could drive the valuation to as high as $1.12.<\/span><\/p>\n Prior to that, the analyst\u00a0<\/span>pinpointed<\/span><\/a>\u00a0$1.40 and the astonishing $27 as future price tags. It is worth mentioning that the second surge would require XRP\u2019s market capitalization to explode above $1.4 trillion. This seems rather unlikely, considering that the entire market cap of the industry stood at around $3 trillion at the peak of the bull run in 2021.<\/span><\/p>\n
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Is There a Chance for an 80% Collapse?<\/span><\/h2>\n
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The Bullish Forecasts<\/span><\/h2>\n
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