Analyst Predicts XRP Pump to Fib 1.618 at $27, Citing Historical Performance

According to market analyst EGRAG, XRP has the potential to rally to $27 based on historical data and Fibonacci 1.618 on the weekly timeframe. Despite recent bearish pressure and larger declines than Bitcoin, EGRAG believes XRP will perform well as the market matures. XRP has remained in a weekly symmetrical triangle pattern for the past seven years, similar to its previous pattern from 2013 to 2017. Once XRP breaks out of the current triangle, EGRAG expects a similar pump to occur. At the time of the assessment, XRP was trading at $0.4689, and a 7,673% increase from this level would push the price to $27, which aligns with the 1.618 Fibonacci retracement region. EGRAG has consistently predicted a rally to $27, citing various factors, but the uncertain prospect of reaching this price level depends on massive support from market demand. Increased accumulation among large investors could bolster the chances of such a rally, although a recent increase in XRP deposits to Binance could lead to increased selling pressure.