XRP to Hit $27 Soon? Egrag Crypto’s Bold Prediction Explained!
Jakarta, Pintu News – Although the crypto market currently looks calm, Ripple which has been in a descending triangle pattern for the past few weeks seems to be preparing for a big surge.
Renowned crypto analyst, Egrag Crypto, has given a prediction that Ripple (XRP) could surge up to $27 in the next six months if the current technical pattern continues. This analysis is reminiscent of the huge surge that occurred in 2017.
Consolidation Phase: Preparation for the Surge
In an in-depth analysis, Egrag Crypto predicts that the price of XRP could surge to $27 in the next six months, provided that the current technical pattern continues. He also implied the possibility of a repeat of the huge rally that occurred in 2017.
“Kangaroos are about to jump,” Egrag tweeted on Sunday, referring to what he calls the “Kangaroo Phase” – i.e. the consolidation phase before a potential big surge.
Interestingly, the analyst highlighted the striking similarity between the candle pattern in March 2025 and the one that occurred in October 2017, suggesting that history may be repeating itself.
“The monthly candles in November 2017 were moving sideways before the big spikes in December 2017 and January 2018. If this pattern happens again, and I’m right about the similarity of these candlestick formations, then double-digit prices are on the horizon,” Egrag explains.
The gist of this prediction is that XRP should stay above the $2 support area, which he calls the “most secure foundation” and the trigger of the “FOMO phase and ignition phase.”
Critical Support and Fibonacci Targets
Furthermore, Egrag crypto also presented three targets based on Fibonacci levels, namely $7.50, $13.70, and a peak of $27.30, each of which corresponds to a Fibonacci expansion.
“The next 3 to 6 months is a crucial and decisive period for many of us,” concludes Egrag, emphasizing how important this timeframe is for potential XRP price movements.
This is not the first time Egrag has voiced an optimistic view on XRP. Last month, he called the price range between $2.00 to $3.40 “noise,” which he said reflected a healthy consolidation phase rather than market weakness.
According to Egrag, as long as XRP stays within this range, conditions are still favorable for a breakout, with price targets that could reach between $27 to as high as $222.
Read also: 5 Crypto that Gained Today After Black Monday: Number 1 Altcoin Surges 37%! (4/8/25)
70% of Traders on Binance Open XRP Futures Positions
However, analysts are now faced with a number of uncertainties. Factors such as the US government’s announcement of the SEC’s crypto ownership statement in the Ripple case, the growing interest in RLUSD, rumors of a BlackRock ETF, and the widespread use of XRP globally, have not been able to maintain XRP’s bullish momentum.
As a result, the market focus has now turned to the $2 support level, which is a major concern.
On Saturday, AMcrypto analysts highlighted the importance of this level by saying,
“XRP is still holding up quite well at the $2 support level. It is one of the few altcoins that did not drop below the February capitulation price. To move up, XRP needs to break the $2.30 level; otherwise, the consolidation will continue.”
On-chain data from Santiment uploaded by Ali Charts also supports this positive sentiment, showing that more than 70% of Binance traders who opened XRP futures positions are currently betting on a price increase.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Zycrypto. Pundit Reveals Predicted Timeline For Ripple’s XRP To Skyrocket to $27 Price. Accessed on April 8, 2025
