In the latest development, top crypto analyst and chartist Egrag Crypto has come up again with his exceedingly massive price high for XRP.
For quite some time now, Egrag has consistently shared a $27 price prediction for XRP. Amid the prevailing bear market outlook, the crypto analyst has taken to Twitter to call the attention of his teeming followers to a trajectory, corroborating his price target for XRP.
Egrag Shares Chart To Explain His XRP Trajectory To $27
Based on the shared graph, XRP looks poised to follow a price ascent course in the order, from a $1.2 to a $2 price level, after which XRP would surge to the ultimate $27 price high.
Intriguingly, based on the positions of the above price levels on Egrag’s chart, the period where these price changes and movements are expected to occur falls between 2024 and 2025.
#XRP En Route to $27:— EGRAG CRYPTO (@egragcrypto) August 29, 2023
Irrespective of general TA Anal-ysts opinion, I stand by my target of $27.
The majority of credible #XRP TA analysts concur on the anticipation of a significant upcoming surge.#XRPArmy STAY STEADY our targets will be reached. pic.twitter.com/8vqoU2ivvH
However, when quizzed on an expected timeline for the above-projected prices to play out, Egrag remarked, “Stop asking about the time frame because I do not know.”
Meanwhile, XRP attaining a price high of $27 would imply an increase of about 695% from XRP’s current all-time high (ATH) of $3.4 attained on January 7, 2018, and 5,102% from the current price of $0.5292.
Egrag’s Advice For XRP Enthusiasts
Admonishing the XRP community, Egrag preached patience, maintaining that a $27 price mark for XRP is attainable.
Egrag noted that irrespective of different price analyses from different Technical Analysts (TA), nothing can change his conviction about XRP’s $27 price target.
The crypto analyst added, “The majority of credible #XRP TA analysts concur on the anticipation of a significant upcoming surge.”
XRP Community Reacts
As expected, Egrag’s seemingly strong conviction about XRP attaining price highs in the range of $27 sparked reactions among XRP enthusiasts as most trooped to the comment section to voice their opinions.
Some comments indicate support for Egrag’s claims while some were more concerned about a precise timeline for Egrag’s price prediction.
A Twitter user with the pseudonym tweeted, “If you can’t give a timeline, then your “I stand by this” means nothing. Anyone can throw a chart up and a number. If you stand by this, give a timeline.”
Other Twitter users were more concerned that Egrag has been sharing this particular sentiment for quite some time, yet nothing seemed to improve.
Notably, Egrag had earlier predicted a similar price ascent in July, citing a chat pattern dubbed the Bermuda Triangle. Also, in May, Egrag had forecasted another $27 price level for XRP based on Ripple CTO David Schwartz’s assumed all-time high of $2.8.
At the time of writing, XRP’s price is $0.5292, reflecting an increase of 2.7% in the past 24 hours. The crypto asset boasts a market capitalization of $28,069,893,592 and a 24-hour trading volume of $1,411,393,256.