XRP Price Analysis: Could a Correction Derail $5?

As XRP rises 1.67% today, the front-running cryptocurrency seems unaffected by the danger of a correction.

XRP has outperformed predictions with a 270% growth over November, but optimistic estimates look much higher until 2025.

XRP's recent surge is fading as trade volume drops 38% to $11.4 billion.

XRP Price Analysis: Could a Correction Derail $5?
As technical signs warn, the recent surge may have been too much too fast for XRP.

Since the weekly Relative Strength Index (RSI) is overbought at 88, XRP should adjust to establish secure footing for its next move higher.

In a recent X post, prominent pseudonymous analyst Egrag Crypto said this would not hinder XRP's route to $5.

The expert compared the mid-2017 breakout of a symmetrical triangular formation to early 2017.

The analyst sets a $5.30 XRP price, a 180% increase from current levels, since the rally replicates the 2017 breakout.

However, the forecast is cautious. This rise may be followed by big corrections like the 2017 rally.

XRP may backtrack 63% after peaking. XRP would return to its 2021 high just around $2.

This rally's timeframe may differ from the past, the expert said. XRP appears to have surpassed its fundamentals, especially because the Trump administration's promised regulatory adjustments have yet to begin.

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