Main notes
- Egrag Crypto expects the price of XRP to $ 27, citing a 2017 behavior.
- The fourth largest digital assets, XRP, should exceed $ 2.10 to keep her upward outlook.
- Institutional flows and network activity indicate increased market confidence.
Egrag Crypto prominent analyst has a bold prediction in Cryptocurrency coins associated with ripples. He said that the main price increase can be on the horizon.
According to the update, investors closely monitor technical indicators and modern trends that resemble the prominent 2017 rally at XRP.
XRP and the relationship of the 2017 cycle
Egrag Crypto shared a new scheme with his followers on X, indicating that XRP follows a style similar to the 2017 course. At that time, the currency has seen a sharp and dramatic rise in price.
#xrp 27 dollars, then $ 120:
It is increasingly convinced that we are reflected in the 2017 cycle, but the timing may be either delay or acceleration.
As the end of the 3 -summer wave approaches (double numbers), I think Wave 4 will reveal over the next three years, followed by … pic.twitter.com/brjqdzrnqb
– Egrag Crypto (@Gragcrypto) April 24, 2025
EGRAG note that XRP approaches the end of the 3 wave in the Elliott wave style. Based on the perception of the market, if this analysis proves accurate, the price may rise to about 27 dollars soon.
He also pointed to previous courses as a basis for its expectations and believes that the cryptocurrency market may enter another emerging stage.
After WAVE 3, a slower wave expects 4 moves that can be revealed during the next few years. If this is run, a long -term peak may follow about $ 120 in the next main cycle.
In a second publication on X, EGRAG unveiled the keys that the XRP price should be maintained to stay on the track. He emphasized that XRP should not close less than 21 days of SIA moving average, tied from a high range from $ 2.10 to less than $ 1.95.
#xrp Blue Channel:
No closure is less than 21 EMA!
– Egrag Crypto (@Gragcrypto) April 24, 2025
These levels are in line with the current support areas. For context, Tradingvief data shows that XRP tests a $ 2 sign while facing resistance at $ 2.7265.
It should be noted that this upward view comes at a time when many encryption experts make bold predictions about the future of XRP. For example, prominent lawyer John Diton stated that XRP could turn Ethereum by the end of the year.
For the SEC suit, the Deaton, which is the coin, is assigned to the Ethereum heart, indicating the solution to the solution and the increasing network activity.
XRP rate to watch
In a previous update, the encryption analyst Ali Martinez shared visions in XRP prices. According to Martinez, XRP has formed a reverse pattern for the head and shoulder on the graph for one hour since March 29. This setting is generally a bullish pattern.
$ Xrp It seems that it is a reverse and shoulder head, which is likely to put the theater for the bullish penetration of about $ 2.70. pic.twitter.com/lnhra0zuqv
Ali (ali_charts) April 23, 2025
Martinez believes that if XRP is able to break the resistance of the neckline at $ 2.40, it may increase to $ 2.70. From the time of the press, Coinmarketca data shows that the price of XRP was trading at $ 2.15, which represents a 5.14 % decrease in the past 24 hours. Despite this decrease, the broader investment data is still positive.
Coinshares indicates that XRP investment products brought $ 37.7 million last week. The total flows from year to year are 214 million dollars, and they are only ethereum with a small margin. On the other hand, ETHEREUM has seen out of $ 26.7 million outflows, and Bitcoin recorded a loss of $ 6 million in the same period.
XRP performance draws new attention as it continues to get a floor in a market in which Bitcoin and Ethereum loses momentum.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
The post Analyst sees XRP hitting $27 on breakout signal. first appeared on Investorempires.com.
