EGRAG CRYPTO (@egragcrypto), a well-known cryptocurrency analyst, has presented a detailed technical analysis of XRP, highlighting a potential price surge to $27. The analysis is based on the formation of a “W” pattern, specifically the W10 structure, which is currently in the breakout and retest phase.
#XRP – Measured Move Target: $27!
Which section do you not understand? Let's break it down:
Formation: 'W' Formation Number 10, currently in the breakout/retest phase.
— EGRAG CRYPTO (@egragcrypto) March 30, 2025
The W Pattern and XRP’s Breakout Phase
EGRAG CRYPTO’s chart identifies a classic “W” formation, also known as a double-bottom pattern, which typically signals a bullish reversal and has been forming since 2018 when the asset hit its all-time high of $3.84.
The breakout point has been marked, with a key resistance and support level at approximately $3.30. This level is expected to play a critical role in XRP’s trajectory, acting as a confirmation point for further upward movement.
XRP is currently trading at $2.13, and the analyst outlines Fibonacci extension levels at 1.272 ($8.33), 1.414 ($13.51), and 1.618 ($27.05) as targets. Another prominent crypto expert previously drew attention to the fact that XRP moves fast and aggressively, and EGRAG CRYPTO expects the price increase to unfold rapidly, similar to previous bull runs.
Anticipated Market Dynamics
According to EGRAG CRYPTO, XRP’s historical price movements suggest that its next significant rally could unfold within 30 days. In past cycles, XRP has demonstrated the capability to surge within a short timeframe, reinforcing the expectation that once momentum builds, a parabolic rise could follow.
The analysis notes that this period may involve 4 weeks of life-changing opportunities, emphasizing that the upcoming weeks could be crucial for investors. The analyst described the coming month before this anticipated rally as “30 days of sleepless excitement” and “720 hours glued to your screens,” highlighting the excitement that will build in the community as the asset builds toward the $27 target.
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Profit-Taking Strategy
EGRAG CRYPTO has previously predicted this move to $27, and while the projection is optimistic, he advises caution. He reminded investors to secure profits as XRP moves higher. The cryptocurrency market remains unpredictable, and rapid price increases often lead to strong corrections.
Managing risk and having an exit strategy are essential components of navigating volatile market conditions. The outlined Fibonacci targets provide a structured approach to potential resistance levels, where price action could slow down or reverse.
EGRAG CRYPTO’s analysis suggests that XRP is at a pivotal moment, with technical indicators pointing toward a significant breakout. If the projected pattern plays out as expected, XRP could see a rapid ascent to $27.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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