#BigTechStablecoin Crypto analyst Egrag Crypto has also predicted that the XRP price can rally to as high as $27 in this market cycle. The analyst had previously highlighted several reasons why the altcoin can reach this target, including alluding to the 2017 market cycle when XRP recorded a legendary gain of around 63,000%. The analyst is confident that the altcoin can replicate this run.
Related Reading: XRP Price Enters Accumulation Phase – Why $2.08 Must Hold Or Risk A Crash
Meanwhile, in one of his most recent analyses, Egrag Crypto stated that the signal points to a target of $10, $18, and $27 for the XRP price. His accompanying chart showed that the altcoin can reach this target in the second half of this year. Meanwhile, the analyst also recently highlighted a bullish candle formation, which showed that XRP can at least reach $22.
Crypto analyst Dark Defender predicted that the XRP price is about to witness an upcoming surge to $23. He noted that the altcoin is forming another Wave Structure in the weekly timeframe, creating the potential rally to this target. The analyst added that this new wave structure aligns with the previous targets and historical pattern in November 2024.
