XRP Surge Forecast: Analyst Expects 1,140% Rally to $27

XRP surge predictions have resurfaced, stirring attention as top analysts forecast a massive rally potentially pushing the token as high as $27. These projections are grounded in comprehensive technical analysis, drawing from both historical performance and current breakout patterns.

Renowned crypto market commentator Egrag Crypto recently highlighted this bullish outlook in a post on X (formerly Twitter) dated May 7. His updated analysis revisits an earlier model that anticipated what he terms an “epic gravitational fall,” marking the start of a powerful bullish trajectory for XRP. Based on his latest evaluation, the digital asset could experience an 1,140% climb from current levels, positioning it for a significant breakout.

The renewed optimism for XRP aligns with favorable market movements, bolstered by Bitcoin’s climb toward the $100,000 mark following the U.S. Federal Reserve’s decision to maintain interest rates. XRP itself has risen by 4% at the day’s open, continuing its upward momentum alongside broader crypto market enthusiasm.

XRP’s Chart Patterns Signal Natural Progression

Egrag Crypto referenced an X thread from December 2023 to illustrate the long-term growth potential of XRP. According to his technical chart, XRP had been moving within what he described as a “giant cup in the stratosphere” timeframe. This development, when viewed via an inverted chart, suggested XRP was positioned for a natural gravitational shift that could propel it higher.

Following its all-time high of $3.55 in January 2018, XRP attempted another breakout in April 2021, reaching $1.96. However, the momentum faded due to lingering regulatory uncertainty, particularly related to Ripple Labs and its ongoing legal matters. These impediments held back a broader move upward from materializing.

Nevertheless, Egrag maintains that XRP is subject to the natural forces of the market, comparing its movements to the laws of gravity. He notes that XRP has now successfully breached the critical 0.72 Fibonacci extension level at $1.20. The token previously surged from $0.50 to nearly $2 in November 2023, effectively breaking below the resistance that had held it back—a move that Egrag dubbed the start of XRP’s gravitational fall breakout.

Three Stages of Bullish Targets

According to Egrag’s forecast, three potential price milestones are now within reach:

• First, XRP may rally to $7.50 — a 525% gain from the breakout level and a 240% gain from the token’s current price point of around $2.20.
• Next, $13 becomes the second target, reflecting a further 491% increase from where XRP stands today.
• Most notably, a complete gravitational rally would place XRP at $27, amounting to an 1,140% rise from current levels and a staggering 2,150% leap from the Fibonacci breakout zone.

Confirmation from Another Analyst: Amonyx Also Eyes $27 XRP

In a separate post, analyst Amonyx backed the $27 price target, offering his own chart analysis to support the projection. He pointed out a robust symmetrical triangle formation, a classic chart pattern indicating the potential for explosive movement upon breakout. XRP’s previous breakout in November yielded over 500% in gains, pushing it close to its original all-time high region of $3.55.

Amonyx drew parallels between the current setup and a similar evolution observed in 2021. Back then, XRP rose sharply to align with key Fibonacci extension levels, notably the 1.618 and 1.902 ranges. In this case, those particular extensions equate to $27.16 and $71.40, respectively—suggesting that should bullish momentum persist, XRP could follow a similar trajectory.

These forecasts point to a shared sentiment among technical analysts: XRP holds untapped potential that could materialize as the broader market recovers and investor confidence grows. While the journey to these targets involves volatility and market unpredictability, the technical groundwork appears compelling.

Related: Expert Advice: Sell XRP If You’re Confused

As of now, XRP trades at approximately $2.20, maintaining positive sentiment in light of these optimistic forecasts shared by industry watchers.