XRP Price Analysis Predicts Potential $9.7 and $27 Targets
The XRP market saw a 7.05% price increase over the past week. Analyst Egrag Crypto has outlined potential price targets of $9.7 and $27 for XRP, based on historical performance patterns.
XRP Price Targets
- Current price: $2.34, with a recent 5.34% decline
- Price must surpass resistance levels at $2.62 and $3.0 to reach $3.4
- First target: $9.7, based on the midpoint of the 2017-2018 breakout
- Second target: approximately $27, requiring a 718% surge
- Daily trading volume: $8.63 billion, up by 8.56%
For bullish momentum, XRP needs increased buying volume and clarity on regulatory issues. A favorable ruling in the SEC case against Ripple could alleviate legal concerns. Additionally, a broader crypto market bull run may contribute to XRP's growth.
