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.

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.