XRP to $27? Analyst predicts rally followed by correction before price explosion
The price of XRP Will XRP Hit $27? A renowned cryptocurrency analyst has shared an ambitious prediction for XRP’s path to a whopping $27. The analysis predicts that the token will experience a significant rally followed by a sharp correction before exploding to new highs.
Analyst Egrag Crypto detailed two scenarios in which he believes XRP could go down the road. In the first, the expert believes in a “game changer” where XRP will hit Fib 1.414 and Fib 2.0, converging around $13.
“We will likely see a deep pullback, perhaps due to an unexpected event (maybe something like WAR, another COVID or a Black Swan Event that will scare people). XRP will pullback to around $4. Then XRP will start the final rise to $27. Everyone will sell around $13, too scared to buy back in. BUT you will profit by dollar cost averaging and ignoring the noise,” he estimated.
Source: Egrag Crypto
In the second scenario predicted by the analyst, XRP could reach a high between the levels of $6,4 – $8 followed by a strong drop of 68% before starting its final movement towards $13.
“This scenario is similar to Scenario A, but less intense. XRP will hit around $6,4 – $8. We will see a 68% pullback, down to the $2,5 range. After that, XRP will start the final move to $13. Again, people will sell at $13 and panic about buying back in. BUT you will make money by dollar-cost averaging and staying focused.” highlighted .
Also on the occasion, Egrag Crypto detailed in his analysis that, if XRP reaches the price of $27 and falls 90% (the typical decline in previous bear markets – 95% and 85%), the bottom could be around $2,7. However, if Ripple's native token reaches $13 and falls 90%, the bottom could be around $1,4.
At the time of publication, the price of XRP was quoted at US$2,31, down 1.9% in the last 24 hours.
XRP Price to Explode 520%? Analysts Warn of Historic Breakout
O XRP price will explode 520% ? Ripple's native cryptocurrency, XRP, has been attracting attention among analysts and enthusiasts with incredible projections for its significant development since November 2024. Amid the token's epic growth, analysts are warning of a historic breakout in its price, with potential increases of over 400% or even over 500%.
Renowned cryptocurrency analyst Ali Martinez has suggested that XRP may be forming a bullish technical pattern and this move could lead the cryptocurrency to an exponential breakout. “XRP is still consolidating within the pennant of a massive bullish pennant pattern. Until the $2,73 resistance is broken, a pullback to $2,05 remains possible before a potential breakout to $11!” he stated.
Based on Fibonacci levels and Elliott Wave Theory, cryptocurrency expert Egrag Crypto has predicted that the price of XRP could reach a historic high of $15. In a recent analysis, the analyst emphasized that a decisive breakout is imminent soon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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