Top Analyst Predicts XRP Could Reach $17, $21, and $27
On June 6, analyst EGRAG CRYPTO forecasted potential price targets for XRP at $17, $21, and $27. He compared XRP's chart patterns to the hypaspists formation, known for agility and precision.
XRP Price Breakout Analysis
- EGRAG identified a Bull Flag pattern on XRP's chart, suggesting a strong upward trend post-consolidation.
- His initial target of $18 for XRP has been raised based on recent price movements and technical analysis.
- The XRP price currently stands at $2.16, showing a 2.34% loss in the last 24 hours.
- Trading volume is noted at $3.51 billion, with a 77.25% rally over 24 hours.
The XRP community has mixed reactions, with some expressing optimism about the projections and others remaining skeptical about reaching the higher targets.