XRP is once again the subject of bold forecasts, with market researcher Egrag Crypto anticipating a significant price boom. According to him, a major breakthrough pattern indicates that XRP might reach $27 in the coming months. This prediction has stirred discussions among investors, with some optimistic and others dubious.
XRP’s Breakout From A 7-Year Triangle
Egrag Crypto could not be more upbeat about his projection. He assured investors that one month “will change their lives forever.” He bases this forecast on a critical breakout from a seven-year symmetrical triangle.
In November 2024, XRP breached this trend, resulting in a dramatic 283% surge. The breakout has led him to believe that the token is on the verge of another explosive move.
#XRP – 1 Month Will Change Your Life Forever ($9.7 – $27)
The Power of Market Waves & Narratives
When @ElonMusk added #BTC to Tesla’s balance sheet last cycle, many thought all companies would follow. They didn’t. Narratives come and go, but markets move in cycles.… pic.twitter.com/dtGFQjeUE2— EGRAG CRYPTO (@egragcrypto) March 7, 2025
Many traders use these trend lines to spot possible pricing patterns. The case is that earlier breakouts have caused significant price movements and history often repeats itself. Still, other observers think that legal obstacles and macroeconomic variables could pose a challenge to XRP’s development.
Key Levels To Track
There is not a straight line to $27. Egrag Crypto exposes the major hurdle XRP has to overcome. The token must first break through $2.62 then cruise to $3.00 and $3.40. Historically, these price points have been key obstacles, stopping XRP from rising.
Should XRP effectively get rid of these obstacles, the next aim is roughly $6. Egrag projected back in December 2024 that by the end of the month this level will be attained. His latest outlook suggests that a push beyond $6 could lead to a full rally toward $27.
Comparisons To The 2017 Bull Run
Some of the excitement around this prediction comes from historical trends. Egrag Crypto and others have drawn comparisons between XRP’s current trajectory and its performance in 2017. Back then, XRP experienced a massive rally that took its price from a few cents to an all-time high of $3.40.
If the token follows a similar path, a rally of over 700% could be in play. That would mean XRP jumping from its current levels to $27. While such a move isn’t impossible in the crypto market, skeptics warn that past performance doesn’t guarantee future results.
Skepticism And Investor Caution
Not everybody is persuaded. The continuing legal dispute between Ripple and the SEC is one of the regulatory problems that XRP has faced. These legal questions worry some traders since they could stop any meaningful price movement.
Additionally, broader market conditions, such as interest rate decisions and Bitcoin’s price action, could influence whether XRP sees another massive rally or remains range-bound.
Despite these doubts, Egrag Crypto is still sure about his estimate. Whether XRP reaches $27 or not, the next major movement in the next months will be vital in deciding it. Investors will be watching closely to see if this bold projection comes true.
At the time of writing, XRP was trading at $2.19, down 1.60% and 17.53% in the daily and weekly frames.
Featured image from Gemini Imagen, chart from TradingView
