XRP is one of the leading cryptocurrency tokens in the crypto market. With the token’s recent win against the US SEC, market anticipations concerning XRP have started to run high, fueling hopes of XRP breaching the critical $1 mark.
However, for the token to enter a bullish realm, it must first break past the critical barrier of $0.75. Will XRP be able to establish a new ATH this weekend?
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XRP To $27? One Expert Thinks So
Notable crypto analyst Egrag Crypto has made an ambitious price prediction. The analyst pointed out that XRP can surge as high as $27 once it crosses the critical price barrier of $0.75. The data uploaded by the analyst was supported by Fibonacci metrics, indicating the seriousness associated with the prediction. XRP is trading at $0.56 at press time, down 1% in the last 24 hours.
Egrag Crypto later pointed out a crucial price element. While explaining his analysis further, the analyst pointed out that if XRP can channel its 2017 bullish streak again, it may breach the 0.618 FIB level. Once the conditions above are met, the XRP price can skyrocket to $27 without additional delays.
“#XRP Half Pump Could Lead to $27! 💸The Fib Channel is an amazing leading indicator! If #XRP experienced half of its 2017 pump, it could reach the 0.618 Fibonacci level. This puts the target around $27! The gate will swing wide open once we close above 0.75c with conviction! 🚪✨.”
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Is $0.75 On Cards For XRP This Weekend?
According to a notable crypto analytics platform, CoinCodex, XRP may see a stellar uptick of 30% by September 1st-2nd, which could catapult its price to $0.73.
However, the token may note a slight price variation after September 1st, helping it stabilize around $0.66 around September 5th.
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“The Ripple price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Ripple projections, XRP will be changing hands at $ 0.66966 on Sep 5, 2024, gaining 18.92% in the process.”