Crypto Analyst Predicts 4400% XRP Price Surge To $27, Here’s When
November 28 2023 - 12:00PM
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Crypto analyst Egrag Crypto continues to maintain his bullish
stance on the XRP token. This time, he is predicting that the token
could rise to as high as $27. He also laid out why this is a real
possibility. How XRP Could Climb To $27 In a post shared on
his X (formerly Twitter) platform, Egrag highlighted $1.3, $3,
$5.8, and $27 as the “next stops” for XRP. He mentioned that $27
feels like a “plausible target,” having the 2017 surge in mind when
the token saw a 61,000% gain in 280 days. According to Egrag, on
the way to $27, $3 and $5.8 “stand as critical milestones.”
Once that is done, the road isn’t going to be all clear for the
token on the way to $27, though. The analyst believes that XRP
pushing to between $6 and $7 might come with “some turbulence.” He
further shared a chart to illustrate how the current price action
and a “yellow fractal pattern” indicate a striking
similarity. Source: X Egrag noted that if the pattern
persists, then the community can expect XRP to hit $0.55, followed
by $0.75. If that happens, the crypto analyst stated that the next
level will be the pivotal goal of $1.3, which happens to be a
crucial resistance level. Egrag seemed very optimistic about the
future of XRP. He mentioned that the ecosystem is set to enjoy a
surge of liquidity in the next bull run. He also alluded to the
fact that XRP happens to be the safest investment choice as a
result of the regulatory clarity it enjoys. Price recovers
after brief dip | Source: XRPUSD on Tradingview.com Regulatory
Clarity Is The Biggest Selling Point Regulatory clarity continues
to be a constant as many analysts tip XRP as one of the tokens that
are going to see immense gains in the next bull run. Recently,
prominent crypto analyst CryptoInsightUk shared his thoughts on
whether XRP could enjoy a similar success to the one back in
2017. One of the factors that he mentioned is the fact that
XRP is in “a unique position” following Judge Analisa Torres’
ruling that the token isn’t a security in itself. Ex-banker and
financial expert Kyren also alluded to this fact when he mentioned
that the next bull run “will be a special one for XRP.” Related
Reading: Renowned Finance Author Says Buy Bitcoin Now Before It’s
Too Late, Here’s Why Ripple’s Chief Legal Officer (CLO) Stuart
Alderoty had previously mentioned that XRP has a unique positioning
in the US since it has been declared as a non-security. This
regulatory clarity is believed to have helped revive interest in
the token. Many exchanges have also gone to relist the token, and
many seem to be showing more interest in XRP. Featured image
from The Daily Hodl, chart from Tradingview.com
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