Market Veteran Says XRP Now Faces “Lollapalooza Effect,” Predicts $90
EGRAG likens XRP’s potential growth to the “Lollapalooza Effect. The analyst underscores XRP’s unique regulatory status and significant partnerships as key to its bullish outlook. EGRAG projects targets of $1.10 and $1.40 for XRP, with a long-term potential peak at $90. EGRAG, a well-known crypto analyst, has recently argued the bullish potential of XRP by likening it to what he called the “Lollapalooza Effect.” He highlighted that the concept, coined initially by investor Charlie Munger, describes a scenario where various psychological and behavioral factors converge to exert a profound impact. According to EGRAG, investor Munger used the “Lollapalooza Effect” to explain how combining multiple forces could synergize a subject to create extraordinary outcomes. In the case of XRP, EGRAG suggested that the asset is experiencing a similar effect. The foundation of the sentiment is a combination of factors surrounding the XRP ecosystem. Specifically, the an
