Popular market analyst Egrag Crypto has tipped XRP to soon hit the $2.90 price mark. This prediction comes amidst little movement in the XRP market following a consolidation between $2.25-$2.50 over the past few days. The altcoin emerged as one of the biggest market gainers post-US elections rising by over 340% since November 5. However, XRP alongside crypto market leader Bitcoin has only seen little gains so far in December.
XRP’s Path To $2.90
In an X post on December 14, Egrag Crypto shares a potential price trajectory for XRP to reach $2.90.
Firstly, the analyst notes the asset has been moving between $2.27-$2.50 confirming a market move to gather momentum for a major price breakout in an upward direction. This notion follows a previous prediction whereby a price fall below $2.27 could have set XRP for a decline to around $2.17.
However, in order to initiate any uptrend, Egrag stresses it is important that XRP closes above $2.50 on its hourly chart, which shou
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