According to the CoinGape Analytics:

$XRP News Today: Analyst Predicts XRP Price Eyes $27

XRP Price Could Surge to $27, according to crypto analyst EGRAG. This forecast is based on EGRAG’s analysis of XRP price movements within a Fibonacci Channel on the monthly chart. According to the analysis, this surge is contingent upon XRP replicating half of its 2017 bull run performance.

Analyst Predicts XRP Price Eyes a Break Out To $27

In recent XRP news, crypto analyst EGRAG presented a bullish scenario that could see the digital asset reaching as high as $27. This prediction hinges on the asset achieving half of its meteoric rise witnessed during the 2017 bull market. 

Utilizing the Fibonacci Channel, EGRAG outlined vital resistance and support zones that could play pivotal roles in XRP rise. Notably, a break above the $0.75 level, currently seen as major resistance, is crucial for initiating this rally.

Furthermore, EGRAG emphasized that if XRP can sustain a close above this threshold, the path could be clear toward the $27 mark, coinciding with the 0.618 Fibonacci level. This analysis rests on historical price actions mirrored in the current market structure, suggesting a repeat of the past bull run’s intensity.