Analyst Predicts XRP Price Could Reach $27 Amid Bullish Fundamentals

Crypto analyst Egrag Crypto predicts that the XRP price could reach $27, highlighting a technical formation for potential growth.

Key Predictions

  • Linear Regression targets for XRP: $3.4, $10, and $27.
  • $3.4 is seen as mean reversion; a close above this indicates macro bullish territory.
  • $10 represents upper midline, where bull expansion accelerates.
  • $27 is identified as the top of the channel with multiple long-term confluences.

Several bullish fundamentals support these predictions:

  • Ripple's conditional approval for a national trust bank charter may boost adoption.
  • Expansion to Solana with Hex Trust’s wrapped XRP token for DeFi.
  • Swiss bank AMINA Bank integration of Ripple payments utilizing XRP.

Technical Levels

  • Macro supports: $2.03 and $1.64.
  • Macro resistance: $2.41; breaking this would indicate a bullish scenario.
  • If $2.03 support breaks, a decline towards $1.64 is possible.

The current XRP price is approximately $2.01, according to CoinMarketCap.