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HomeCryptocurrencyXRP Price To $27? Top Analyst Unveils Key Technical Setup

XRP Price To $27? Top Analyst Unveils Key Technical Setup

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Key Notes

  • Top market analyst is convinced XRP price may go as high as $27.
  • The community has received the forecast with mixed feelings about its possibility.
  • The community reacts with both excitement and skepticism.

On June 6, top market Analyst EGRAG CRYPTO sent the cryptocurrency sector buzzing with a bold XRP

XRP
$2.16



24h volatility:
3.1%


Market cap:
$127.31 B



Vol. 24h:
$1.79 B

prediction.

In an X post, the analyst shared a compelling technical setup for the Ripple-associated XRP coin. He projected that the crypto asset could hit a potential price of $17, $21, and $27.


XRP Price Breakout and Rationale

To give credence to his projection, EGRAG drew an intriguing parallel to Alexander the Great’s military formation strategies. He highlighted the legendary formations of small, elite squads called hypaspists.

Based on historical sources, these hypaspists are renowned for their agility, speed, and precision, an approach that XRP chart patterns are currently mirroring.

In clear terms, the XRP price exhibits this tactical flexibility, which is characterized by rapid pumps, unexpected breakouts, and maximum market agility.

This further underscores its alignment with the hypaspist formation. Based on this, the analyst believes XRP is likely to move swiftly and dominate when the moment is right.

Behind EGRAG’s analysis is the Bull Flag, a classic technical pattern that the analyst previously identified on XRP’s chart.

This pattern suggests that a strong upward trend will restart following a season of consolidation. Upon discovering this pattern, the analyst projected an $18 price target for XRP. His recent X post confirms that he has now raised that target.

According to a chart shared by the analyst, the XRP price has made a strong upward move right after a consolidation phase that fell within a downward-sloping channel.

Should the Ripple-associated coin break out of this channel with substantial volume, it will likely confirm the Bull Flag and push the price towards the projected prices.

EGRAG remains highly confident in his projection for the XRP setup and has actively shared his perspective with the community. He urged members to remain patient and focused as the chart plays out.

The XRP community has responded with a mix of optimism and curiosity. While some X users praised the detailed analysis and data backing the forecast, others expressed skepticism about the possibility of XRP reaching $17, or even surpassing $27.

At press time, the Ripple-linked coin traded at $2.16, corresponding to a 2.34% loss in the last 24 hours.Its trading volume still looks encouraging at $3.51 billion, with a 77.25% 24-hour rally. However, this current price is still a far cry from the projected levels of the XRP.

🔥 Best Wallet: The Presale of the Season Continues, Don’t Miss Out!

While XRP is trying to find its footing in the crypto market, Best Wallet ranks among the trending crypto projects to watch.

With its token, BEST, which is currently undergoing a well-sought-after presale, Best Wallet plans to give users complete control over their assets. Since the beginning of its presale, it has raised $13.1M.

About Best Wallet, Use Case, and Its Tokenomics

Users of this wallet have been promised high-end security, multi-functionality, and support for over 60 chains, including Bitcoin

BTC
$104 510



24h volatility:
2.6%


Market cap:
$2.08 T



Vol. 24h:
$28.99 B

and Ethereum

ETH
$2 477



24h volatility:
2.1%


Market cap:
$299.05 B



Vol. 24h:
$17.29 B

.

BEST holders also have exclusive access to reduced transaction fees, higher staking rewards, early access to new crypto presales, and governance rights within the platform.

Current Presale Stats:

  • Current Price: $0.025135
  • Amount Raised So Far: $13.1 million
  • Ticker: BEST
  • Purchase Mode: Crypto and card

Crypto enthusiasts have a limited window to gain exposure before BEST potentially experiences a breakout following its official launch. Specifically, users have only a few days left before the presale pricing changes.

Those interested can still participate in the Best Wallet presale by purchasing directly through the official website, using either cryptocurrency or a bank card.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News, XRP News


Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X



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