The post Analyst Reveals When The XRP Price Will Hit $17 appeared on BitcoinEthereumNews.com.

Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, the analyst predicted that XRP could hit $17 and revealed when the crypto could reach this price target. When The XRP Price Could Hit $17 In an X post, Egrag Crypto predicted that the XRP price could hit $17. His accompanying chart showed that XRP could reach this price target sometime next year. This came as he remarked that the “bounce off is real” with a potential rally to between $15 and $17. The crypto analyst assured that the bullish pennant formation remains intact, which could send XRP to this $17 target. However, he cautioned market participants not to celebrate until the crypto closes above $3.40. According to him, nothing is confirmed until XRP has a breakout with solid confirmation. Egrag Crypto also stated that the conservative target of $15 represents the measured move of the pole leg from the lower end of the pennant. Meanwhile, the normal measured move is the pole leg from the top of the pennant, which puts the XRP price at $17. Alluding to his accompanying chart, the crypto analyst noted that the yellow line has been XRP’s support so far and that the price is respecting this support level. He further touched on how crucial this line is for this bullish setup, stating that a break below the yellow line could signal a very bearish trend. This bullish outlook for XRP comes just days after the crypto analyst predicted that XRP could reach $110 in the next market cycle. Crypto analyst Andrei Jikh also alluded to bullish fundamentals, such as the potential end of the Ripple lawsuit, as part of the reasons why the crypto could reach $100. A Rally To $3.35 Could Be Imminent Crypto analyst Ali…

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Filed under: News - @ February 16, 2025 12:13 pm