Crypto analyst Egrag Crypto continues to maintain its bullish stance on the stock price XRP token. This time, he predicts that the token could rise up to $27. He also explained why this is a real possibility.
How XRP Could Rise to $27
In a after shared on his X (formerly Twitter) platform, Egrag highlighted $1.3, $3, $5.8 and $27 as the “next stops” for He said $27 feels like a ‘plausible target’, with the 2017 surge in mind when the token saw a gain of 61,000% in 280 days. According to Egrag, on the way to $27, $3 and $5.8 are “critical milestones”.
Once that happens, however, the path won’t be entirely clear for the token on its way to $27. The analyst believes that XRP’s rise to $6 to $7 could come with some turbulence. He further shared a chart to illustrate how current price action and a “yellow fractal pattern” indicate a striking similarity.
Source: X
Egrag noted that if the pattern continues, the community can expect XRP to reach $0.55, followed by $0.75. If that happens, the crypto analyst stated that the next level will be the central target of $1.3, which happens to be a crucial resistance level.
Egrag seemed very optimistic about the future of XRP. He said the ecosystem will see a massive surge in liquidity in the next bull run. He also alluded to the fact that XRP is the safest investment choice due to the regulatory clarity it enjoys.
Price recovers after brief dip | Source: XRPUSD on Tradingview.com
Clarity about regulations is the biggest selling point
Regulatory clarity remains a constant as many analysts list XRP as one of the tokens that will make huge gains in the market. next bull run. Recently, prominent crypto analyst CryptoInsightUk shared his thoughts on whether XRP could have a similar success to that of 2017.
One of the factors he mentioned is the fact that XRP is in “a unique position” following Judge Analisa Torres’ ruling that the token itself is not a security. Ex-banker and financial expert Kyren Also alluded to on this fact when he said that the next bull run “will be a special run for XRP.”
Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), had done just that mentioned before that XRP has since had a unique positioning in the US declared as non-safety.
This regulatory clarity is believed to have helped revive interest in the token. Many scholarships have also gone there relist the tokenand many seem to be show more interest in XRP.
Featured image from The Daily Hodl, chart from Tradingview.com
