Egrag Crypto, a crypto analyst, recently reviewed VeChain (VET) and XRP, suggesting that both cryptocurrencies could see substantial price surges. The analyst also outlined potential price targets for these digital assets.

Egrag's analysis indicates that VeChain has the potential to climb to $2.5. The analyst outlined a three-stage growth plan. The initial target, upon surpassing the yellow channel, may see VeChain rise to $0.18, described by Egrag as surpassing the "MACRO-Bottom level."

The second target forecasts the cryptocurrency could reach close to $0.9, aligned with the "Fib 0.702 and 0.786 levels," representing what Egrag terms the "Mid Bull Cycle."

The ultimate target suggests VeChain rising to $2.5, corresponding with the "1.236, 1.414, and 1.618 Fib levels," potentially indicating a peak cycle for VET. This optimistic analysis follows a previous bullish prediction for VeChain, highlighting a significant surge in the token's value in 2021 and speculating a repeat price increase.

Strong Uptrend Signal for XRP

Egrag also holds a positive view on the altcoin XRP. His assessment indicates that XRP shows promising signs of an uptrend and could witness a rally in the near future. Alongside previous forecasts, Egrag mentions XRP could soon hit $1.4. This anticipated uptick is based on strengthening bullish indicators and increased token accumulation.

Egrag's evaluations suggest that both VeChain and XRP are gearing up for major price escalations. However, the volatile nature of crypto markets requires caution. The price movements of Bitcoin, the primary cryptocurrency, are expected to have a significant impact. It's crucial to be mindful, especially for XRP investors, of the ongoing legal proceedings surrounding the cryptocurrency.