Crypto analyst <\/span>Egrag Crypto<\/span><\/a> has again predicted that the XRP price could reach $27. This time around, he outlined the technical formation that could spark a parabolic surge for the altcoin as it eyes the $27 target.\u00a0<\/span><\/p>\n In an <\/span>X post<\/span><\/a>, Egrag Crypto stated that the Linear Regression targets for the XRP price are $3.4, $10, and $27. He further explained that, as of this month, these three major price levels stand out based on the long-term <\/span>Logarithmic Linear Regression Channel<\/span><\/a>. The analyst then touched on each price target and how XRP could reach there.\u00a0<\/span><\/p>\n Egrag Crypto described the $3.40 target for <\/span>the XRP price<\/span><\/a> as the mean reversion. He stated that a retest and rejection from $3.40 would be one of the strongest bearish TA signals for the altcoin. The analyst further remarked that this target is based solely on chart structure, not fundamentals. He added that a close above this level means that XRP is officially back in macro bullish territory.\u00a0<\/span><\/p>\n Furthermore, the analyst stated that the $10 target for the XRP price is the upper midline. He explained that this is where <\/span>full bull expansion<\/span><\/a> normally accelerates and that the target rises with time because this channel is logarithmic. Lastly, Egrag Crypto highlighted $27 as the top of the channel. He noted that multiple long-term confluences point to this target for the altcoin.\u00a0<\/span><\/p>\n Notably, this XRP price prediction comes amid several bullish fundamentals for the altcoin. <\/span>Ripple was just granted<\/span><\/a> a conditional approval for its national trust bank charter, which could boost XRP\u2019s adoption. XRP also just expanded to Solana with Hex Trust\u2019s launch of its wrapped XRP token for DeFi purposes. Meanwhile, Swiss bank AMINA Bank has integrated Ripple payments, which utilize XRP.\u00a0\u00a0<\/span><\/p>\n Crypto analyst <\/span>CasiTrades stated<\/span><\/a> that the major levels for the XRP price haven\u2019t changed. The macro supports are $2.03 and $1.64. On the other hand, the macro resistance is $2.41, which a break above would confirm a <\/span>bullish scenario<\/span><\/a> for the altcoin. The analyst remarked that if a break above $2.41 happens, the next measured targets stand around $2.75 and $2.90.\u00a0<\/span><\/p>\n However, if the XRP price breaks below the <\/span>macro support at $2.03<\/span><\/a>, CasiTrades predicts that the altcoin could fall below $1.97 and decline towards the $1.64 major support. She reiterated that there is no official confirmation yet on the next potential move for XRP. Interestingly, the world\u2019s largest IQ holder, <\/span>YoungHoon Kim, stated<\/span><\/a> that XRP has a strong possibility of reaching a new ATH by the end of this year.\u00a0<\/span><\/p>\n At the time of writing, the XRP price is trading at around $2.01, down in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.<\/span><\/p>\n Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Crypto analyst Egrag Crypto has again predicted that the XRP price could reach $27. This time around, he outlined the technical formation that could spark a parabolic surge for the altcoin as it eyes the $27 target.\u00a0 How The XRP Price Could Reach $27 In an X post, Egrag Crypto stated that the Linear Regression […]<\/p>\n","protected":false},"author":2,"featured_media":413974,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-413972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/413972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=413972"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/413972\/revisions"}],"predecessor-version":[{"id":413975,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/413972\/revisions\/413975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/413974"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=413972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=413972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=413972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How The XRP Price Could Reach $27<\/h2>\n
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