Analyst EGRAG CRYPTO has presented an ambitious price forecast for XRP, suggesting it could rise to $27. The forecast is in line with previous positive tendencies and is based on historical market cycles and technical indicators.
Instead of letting hype influence you, the expert stresses the significance of identifying market narratives. Traders are keeping an eye on important support and resistance levels for possible breakout indications as XRP consolidates at the moment.
What you'll learn 👉
Analyst Predicts XRP Surge Based on Market Cycles
Citing past market trends and technical patterns, EGRAG CRYPTO has provided an optimistic outlook for XRP. The expert believes that XRP may rise to $9.7. He has set a more ambitious forecast at $27 based on a comparable price movement during the bull run in 2017–2018.
EGRAG CRYPTO emphasized the importance of market cycles, which also noted that earlier narratives—like Tesla’s acceptance of Bitcoin—did not lead to broad corporate adoption. The analyst advises traders to be strategic, noting that those targeting $10 should start taking profits at $8 and $9 to maximize gains.
#XRP – 1 Month Will Change Your Life Forever ($9.7 – $27)
— EGRAG CRYPTO (@egragcrypto) March 7, 2025
🔵 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
The projection is derived from two key price targets. The first, at $9.7, is based on the midpoint of a triangle breakout formation.
The second target of $27 comes from extrapolating XRP’s historical 718% surge in the last bull run when the asset moved from $0.35-$0.39 to a local top of $3.4. Applying the same percentage increase to the current market conditions results in the $27 estimate.
While these targets suggest major upside potential, XRP must first overcome crucial resistance levels. The asset is currently consolidating, trading at $2.5 after a 2.89% drop in the last session.
Immediate resistance lies between $2.62 and $2.65, while a breakout above $3.00 would signal a stronger bullish trend. Conversely, a decline below $2.37 could push prices toward the major support zone of $2.06-$2.10.
Read also: Why Is the Crypto Market Down Today as Bitcoin Price Dips Below $90k
XRP Technical Indicators Suggest Consolidation
XRP seems to be taking a breather on the daily chart, with prices stuck in a sideways pattern. The Bollinger Bands have tightened, showing less market action lately, with $2.91 and $2.07 marking the upper and lower boundaries to watch.
Looking at momentum, things are mixed. The MACD remains bearish, staying under its signal line, but the histogram’s shrinking negative bars suggest the selling pressure might be easing. If the MACD crosses above the signal line, a shift in sentiment could be imminent.
With the RSI hanging at 50.29, neither bulls nor bears have total control. Traders might watch for movements below 40 or over 60 as potential indicators.
In terms of price activity, the key levels to watch are $2.37, which serves as vital support, and $2.65, which might lead to $3.00. A decline toward $2.10 if that breaks, may be inevitable.
EGRAG CRYPTO seems to be taking the long view, suggesting XRP holders focus on broader market cycles rather than day-to-day noise. Based on historical patterns, they see upside potential if XRP can clear crucial resistance levels in the months ahead.
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