{"id":18715,"date":"2025-03-08T14:00:43","date_gmt":"2025-03-08T14:00:43","guid":{"rendered":"https:\/\/cryptd.in\/will-xrp-hit-27-historical-data-suggests-another-718-price-surge\/"},"modified":"2025-03-08T14:00:43","modified_gmt":"2025-03-08T14:00:43","slug":"will-xrp-hit-27-historical-data-suggests-another-718-price-surge","status":"publish","type":"post","link":"https:\/\/cryptd.in\/pt\/will-xrp-hit-27-historical-data-suggests-another-718-price-surge\/","title":{"rendered":"Will XRP Hit $27? Historical Data Suggests Another 718% Price Surge"},"content":{"rendered":"<p>The XRP market has experienced some significant bullish action in the past week with prices rising by 7.05%. Amidst this surge, popular market analyst Egrag Crypto has provided an interesting bullish prediction highlighting two potential price targets for the altcoin.<\/p>\n<h2><strong>XRP Price Outlook: Analysts Eye $9.7 And $27 Breakout Targets<br \/>\n<\/strong><\/h2>\n<p>In an <a href=\"https:\/\/x.com\/egragcrypto\/status\/1897935050605257150\" target=\"_blank\" rel=\"noopener nofollow\">X post<\/a> on March 7, Egrag Crypto shared an audacious technical analysis of the XRP price action suggesting the altcoin may be gearing up for a major price upswing following recent gains. Egrag Crypto\u2019s positive prediction is based on XRP\u2019s potential ability to repeat a price surge from its 2017-2018 bull cycle.<\/p>\n<p>While past performance does not guarantee future results, the repeating nature of market cycles has led certain analysts to believe that XRP could experience another parabolic move. Notably, in early 2018, XRP moved from a breakout range of $0.35-$0.39 to a local market peak of around $2.89.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GlbAXHrXUAA7FPP?format=jpg&amp;name=large\" alt=\"XRP\" width=\"1835\" height=\"746\" loading=\"lazy\" \/><\/p>\n<p>However, for XRP to show any potential in validating a repeat of this price surge, market bulls must reclaim the $3.4 price level, which represents the local peak of the current bull cycle.\u00a0 Using this price level as a reference point, Egrag Crypto identifies $9.7 as the first major price target for XRP, mirroring the midpoint of its 2017\u20132018 breakout.<\/p>\n<p>The analyst explains that for investors looking to take profit, it would be ideal to sell at or around this price level i.e. $8, $9, $10, rather than waiting for an exact market peak. The second, more intriguing target would happen if XRP produces an exact 718% price surge, suggesting a potential price target of approximately $27.<\/p>\n<h2><strong>XRP Price Overview<br \/>\n<\/strong><\/h2>\n<p>At the time of writing, XRP trades at $2.34 reflecting a 5.34% decline in the past 24 hours. However, its daily trading volume has increased by 8.56% and is now valued at $8.63 billion.\u00a0 In realizing Egrag Crypto\u2019s bullish prediction, the altcoin must push past immediate resistance levels at $2.62 and $3.0 before a fated encounter at the $3.4 price barrier.<\/p>\n<p>Furthermore, there must be a significant increase in buying volume and market participation. Other potential bullish factors include a clear regulatory stance around XRP. While its addition to the <a href=\"https:\/\/www.newsbtc.com\/news\/dogecoin\/dogecoin-to-join-trump-crypto-reserve-elon-musk-reacts\/\" target=\"_blank\" rel=\"noopener \">US digital assets stockpile<\/a> is a much-welcome development, a termination of the SEC\u2019s appeal case against Ripple would erase all regulatory and legal concerns around XRP.<\/p>\n<p>Finally, a widescale bull run across the crypto market is another potential bullish driver. Notably, XRP was one of the best-performing crypto assets in the late Q4 2024 crypto rally, rising by over 460% in three weeks following the US elections.<\/p>\n<p><img decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/9fTygWC9\/\" alt=\"XRP\" width=\"1815\" height=\"893\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>The XRP market has experienced some significant bullish action in the past week with prices rising by 7.05%. Amidst this surge, popular market analyst Egrag Crypto has provided an interesting bullish prediction highlighting two potential price targets for the altcoin. XRP Price Outlook: Analysts Eye $9.7 And $27 Breakout Targets In an X post on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Will XRP Hit $27? 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