XRP Regression Model Dey Predict $18, $27 or $200 Price Targets
Crypto analyst Egrag Crypto don use linear regression analysis check XRP monthly price history. The model get R-squared value of 0.8475, wey mean e fit explain about 84.75% of price change. Historical data show say since 2014, XRP don reach the upper edge of the regression channel three times: one overshoot reach peak 570% pass, but for 2021 e miss by 45%. Now, XRP dey trade near the middle of the channel. Based on past cycles, three possible price targets for XRP dey: $27 if e reach the band, $18 if e repeat the 2021 shortfall, or $200 if e overshoot again. The regression line dey trend upward, so targets fit rise even more. Traders fit use these XRP price targets take sabi market position and risk. This regression analysis set both conservative and bullish outcomes for the next cycle.
Bullish
Di regression analysis dey show upward trend framework wey get strong historical correlation (R²=0.8475). Di model wey fit target well well, especially di $200 overshoot scenario, fit make traders dem get optimistic mindset. In history, XRP overshoot don bring fast price rally like di one wey happen for 2017. Even di conservative $18–$27 range show say e fit be good chance to buy compared to di current level. For short-term, traders fit try test di $18–$27 level before dem enter, plus if breakout happen, e fit bring momentum go $200. For long-term, di steady upward trend line dey support bullish feeling if market condition align well. So, dis kain news fit encourage people to trade with bullish strategy and increase buying interest for XRP.