XRP Forecast: Analyst Predicts Rally to $27 Amid Retest

XRP could be on the verge of a major upward move, according to a leading crypto market analyst who sees historical patterns aligning for another massive breakout. Despite months of sideways action, analyst EGRAG Crypto remains confident that XRP is poised for a potential surge to $27, driven by long-term trends and technical indicators.

Over the past four months, XRP has hovered near the lower boundary of the $2 range, with no significant movement to indicate a clear breakout or breakdown. This price stagnation has left traders uncertain and hesitant, especially those focusing on short-term price action. However, EGRAG urges investors to step back from day-to-day volatility and take a broader view of the market.

In a recent analysis shared on social media, EGRAG introduced a unique perspective by using a reverse chart to track XRP’s progress. Under this method, what appears as a decline is actually an upward movement. For instance, when XRP is shown “falling” beneath the 21 Exponential Moving Average (EMA) on this inverted chart, it actually reflects the token climbing above the EMA in real terms.

EGRAG identifies three significant historical market cycles. In the first cycle from 2017 to 2018, XRP advanced over the 21 EMA and achieved a staggering 5,500% gain, followed by a retracement and a second leg up of 2,500%. Despite the visuals on the reverse chart, these were indeed bullish phases marked by substantial price increases.

During the second cycle between 2020 and 2021, XRP exhibited a similar but milder pattern. It climbed 150% after crossing the 21 EMA, retraced to test support, and then rose an additional 500%. These recurring phases form the foundation of EGRAG’s bullish outlook on XRP’s current market behavior.

At present, XRP appears to be in its third cyclical phase. According to EGRAG, the token has already mounted a 430% increase after moving above the 21 EMA again. He interprets the current period as a temporary retracement phase that could realign XRP closer to the EMA line. As long as XRP maintains its position above the $2 mark, he anticipates the EMA will eventually adjust downward to meet the price, setting up for the next potential rally.

If historical trends continue to repeat, XRP could be gearing up for its next upward surge. EGRAG projects that the token might reach as high as $46 if it mirrors Cycle 1’s intensity, or approximately $12 in a scenario more in line with Cycle 2. Taking an average between these projections, he estimates a possible 1,500% gain, which would place the XRP target around $30. Still, he leans slightly conservative and pegs $27 as a more practical target.

This $27 price point has become a recurring forecast from EGRAG, and most recently he forecasted that XRP could hit this level within 60 days, referencing a similar pattern seen during the 2017 breakout. As of now, XRP trades at $2.29, reflecting a 2% decline over the past 24 hours. Achieving the $27 milestone would require XRP to climb by approximately 1,079%.

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

While the short-term remains unpredictable, the long-term outlook from seasoned analysts like EGRAG paints an optimistic picture for XRP. If market patterns hold, and support levels remain intact, the digital asset could indeed be preparing for a major breakout in line with its historical performance. For traders and investors observing the crypto markets closely, XRP might be entering a crucial consolidation phase before a breakout attempt that could redefine its valuation outlook.