XRP Set To Outshine Gold? Analyst Predicts 1,000% Surge
A well-known analyst made an interesting assumption about the rise of XRP, saying it could surpass the Philadelphia Gold and Silver Index.
Egrag Crypto Prediction XRP As analysts see cryptocurrencies copy the runs made in 2017, it could rise 1,000% for the gold and silver index.
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Imminent cryptocurrency
In a post, market analyst Egrag Crypto pointed out that metrics suggest that Altcoin could make the bull run similar to how it was in 2017, saying it could run a lot, which would allow it to go beyond performance Philadelphia Gold and Silver Index.
“XRP/XAU: 1000% possible candle?” the famous analyst said in his X account.
#xrp / #ho: 1000% possible candle? 🔥
Not much analysis #xrp / #ho A pair, but the chart looks very rebounding! Let’s break it down:
1⃣ Understand this pair
The focus of this analysis #xrp / #hodoes not violate the US dollar.
🔷IF #ho reduce #usd the term,… pic.twitter.com/5bgkp2g64u– Egrag Crypto (@egragcrypto) February 10, 2025
Egrag analyzed the performance of XRP against the Philadelphia Gold and Silver Index by displaying XRP/XAU pairs, which represent the market value of the coin, not the index.
“If xau is lowered in #USD terminology, the price of xrp will increase, which will directly affect its dollar value,” explained the market analyst.
Current Settings Mirror 2017 Rally
Egrag added that the current XRP may be in a similar state to its 2017 operation.
“I think the three green candles we saw in 2017 have been copied, despite the varying degree of growth. We are currently in range mode; the arrow chart shows that if current price action remains consistent, we may stay in this range if the current price action remains consistent inside.” analysts pointed out.
Gold and Silver Indexes are trading for clarity Philadelphia Stock Exchange, Track stocks of 30 precious metal mining companies. Additionally, the index trades with XAU stock, which is gold ounce stock.
XRP may reach $28.5
Egrag said the mode caused XRP to soar 1,000% in the XRP/XAU pair during previous runs in 2017, saying the pair currently trades at $893.9 million.
The figure is obtained by dividing Altcoin’s current market cap of $14.64 billion by $167.39 of the current price of the Philadelphia Gold and Silver Index.
Market analysts believe that if XRP would repeat 1,000% spikes, and $167.39 is the price of the index, it would raise the price of the XRP/XAU pair to $9.83 billion.
With such value, xrp Market value It will be $1.64 trillion, and the index is believed to be still $167.39, resulting in the XRP trading price of $28.5.
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Altcoin rebounds
Egrag noted that XRP price and XAU seem to have surpassed the equilibrium phase, recovering from this month’s massive crash with the XRP slide dropping to $1.7.
“Nice Bounce: #XRP/#XAU rebounded strongly from the balanced phase. “A similar rebound occurred on the 7 EMA (Exponential Moving Average). ”
Featured images from Gistly, charts for TradingView
