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Crypto Analyst Predicts 4400% XRP Price Surge To $27, Here’s When

Scott Matherson
Scott Matherson
1 year ago
3 mins read
XRP Price Small

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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. 

XRP Price

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. 

XRP price chart from Tradingview.com (Crypto analyst)

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.”

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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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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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