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XRP is once again the subject of bold forecasts, with the market researcher Egrag Crypto that anticipates a significant price boom. According to him, an important turning point indicates that XRP could reach $ 27 in the coming months. This forecast has aroused discussions between investors, with some optimists and other doubts.
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The XRP breakout from a 7 -year triangle
Egrag Crypto could no longer be optimistic about his projection. He assured investors who “a month” will change his life forever “. This prediction on a critical breakout from a seven -year symmetrical triangle.
In November 2024, XRP violated this trend, resulting in a dramatic 283%increase. The breakout led him to believe that the token is on the point of another explosive move.
#Xrp – 1 month will change your life forever ($ 9.7 – $ 27)
🔵 The power of market waves and narratives
When @Elonmusk added #BTC In the last cycle of Tesla’s budget, many thought that all companies would follow. They did not do it. The narratives come and go, but the markets move in cycles … … pic.twitter.com/dtgfqjeue2– Egrag Crypto (@egragcrypto) March 7, 2025
Many traders use these trend lines to identify possible price models. The case is that the previous outbursts have caused significant price movements and history often repeats itself. However, other observers think that legal obstacles and macroeconomic variables can represent a challenge to the development of XRP.
Key levels to be traced
There is no straight line to $ 27. Egrag Crypto exposes the main obstacle that XRP must overcome. The token must first exceed $ 2.62, then navigate at $ 3.00 and $ 3.40. Historically, these prices were the key obstacles, preventing XRP from increasing.
If XRP should actually eliminate these obstacles, the next goal is about $ 6. Egrag has projected in December 2024 that by the end of the month this level will be reached. His latest perspective suggests that a push over $ 6 could lead to a complete event to $ 27.
Comparisons with Toro 2017
Part of the excitement around this prediction comes from historical tendencies. Egrag Crypto and others carried out comparisons between the current XRP trajectory and its performance in 2017. At the time, XRP experienced a huge rally that brought its price from a few cents to a maximum of all times of $ 3.40.
If the token follows a similar path, an event of over 700%could be at stake. This would mean that XRP jumps from its current levels to $ 27. While such a move is not impossible in the cryptocurrency market, skeptics warn that past performances do not guarantee future results.
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Skepticism and caution of investors
Not everyone is persuaded. The continuous legal controversy between Ripple and sec is one of the regulatory problems that XRP has had to face. These legal questions worry some traders as they could stop any significant price movement.
In addition, wider market conditions, such as interest rates and Bitcoin’s prices decisions, could influence if XRP sees another massive rally or remains limited at a distance.
Despite these doubts, Egrag Crypto is still sure of his esteem. Whether XRP reaches $ 27 or less, the next great movement in the coming months will be vital in deciding. Investors will look closely to see if this bold projection becomes reality.
At the time of writing writing, XRP was exchanged at $ 2.19, down by 1.60% and 17.53% in the daily and weekly frames.
In the foreground of Gemini Imagen, TradingView chart