XRP Price Prediction: Analyst Sees Over 700% Surge to $27 if XRP Repeats Its History
The post XRP Price Prediction: Analyst Sees Over 700% Surge to $27 if XRP Repeats Its History appeared on BitcoinEthereumNews.com.
XRP has been at the center of bullish speculation in recent weeks, with analysts pointing to historical trends that suggest a major price surge could be on the horizon. The latest XRP news indicates growing optimism among traders and investors. Popular crypto market analyst Egrag Crypto has set ambitious XRP price targets, forecasting a potential 718% rally that could see the asset reach $27. This bold projection is rooted in Ripple XRP news and historical price movements, particularly its breakout performance during the 2017-2018 bull cycle. While past performance is never a guarantee of future results, market cycles often show patterns that traders and analysts use to forecast potential price action. Egrag Crypto notes that if XRP USD mirrors its previous rally, it could first aim for $9.7 before targeting the more ambitious $27 level. Key Resistance Levels and Market Conditions For the price of XRP to justify such a large move, it must first break through significant resistance levels. The asset is currently facing notable roadblocks at $2.62 and $3.00, with $3.40 being a significant one. The level is the local top of the current bull cycle, and a breakout above it could be the harbinger of a more prolonged rally. If XRP replicates its 718% surge from the 2017-2018 bull run, a breakout from the $3.4 local top could propel it to $27. Source: EGRAG CRYPTO via X Other than technical analysis, underlying market fundamentals will also drive Ripple price action. Increased buying pressure, institutional buying, and regulatory clarity are some of the factors that will drive Ripple cryptocurrency higher. Significantly, the ongoing XRP SEC lawsuit against Ripple continues to be a gigantic overhang, although there is speculation that an end is nigh. Analyst Insights: XRP’s Bullish Catalysts Egrag Crypto is not alone in his bullish stance. Other…
Filed under: News - @ March 9, 2025 5:08 pm