XRP is about to surge? Analysts predict $27, and the bull market may break out in 2024!

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Although the market has been turbulent recently and XRP is facing some selling pressure, analyst Egrag Crypto predicts that XRP is likely to usher in a sharp rebound, rising to as high as $27. Egrag Crypto said that historical patterns show that whenever XRP breaks through the 21-day EMA, it usually triggers a price surge. Looking back at 2017, this pattern caused the XRP price to surge by 50,000%. In the current market environment, XRP breaking through $27 would mean a 4,770% increase.

XRP's short-term goal is to break through the key resistance level of $2.65, and after breaking through, it may retest the historical high of $3.84 or even higher. In addition, market analysts believe that XRP may be about to usher in a critical moment, especially after Trump's victory, XRP's legal dispute with the US Securities and Exchange Commission is expected to be settled. If the XRP ETF is approved, this may become a catalyst for XRP's price to rise.

As demand for XRP surges, several top asset managers have applied to the U.S. Securities and Exchange Commission for an XRP spot ETF, which may provide more opportunities for institutional investors and further enhance XRP's market appeal. Although market sentiment is unstable, analysts believe that 2025 may usher in a strong rebound in altcoins, and XRP is expected to play a key role in this bull market.

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