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The price of XRP is under pressure once again, reflecting a broader slump across the crypto market. Despite some seriously positive news surrounding Ripple, the token still can’t seem to break through the critical resistance level at $2.85. In fact, XRP is now struggling just to hold above the psychologically important $2 mark.
And yet, analysts are keeping their cool — many believe that a massive breakout is just around the corner.
Strong Fundamentals, Weak Price Action
The latest price dip comes at an awkwardly ironic time. The SEC has dropped its lawsuit against Ripple, discussions of XRP-based ETFs are in progress, and XRP has even been added to a strategic reserve by the U.S. government. If that’s not bullish, what is?
Despite this mountain of good news, the price keeps tumbling, causing some to scratch their heads and others to buy the dip.
Analyst Sees New XRP High Within 120 Days
Crypto analyst EGRAG CRYPTO believes XRP is simply consolidating before its next big move. In a tweet last Friday, he pointed out that XRP historically forms two peaks during bull markets — in 2021, the second high came 90 days after the first; in 2017, it took about 120 days. Based on this historical pattern, he expects a new all-time high within the next 90 to 120 days.
Earlier this week, EGRAG doubled down on his forecast, claiming that the coming breakout could be “huge.” His conservative target? $15 — a whopping 500% increase from the current price. He also mentioned $22, and, if you’re feeling adventurous, his personal favorite target is $27, a level he identified back in December after what he calls a “structural breakout.”
Technical Patterns Signal Bullish Potential
EGRAG’s not alone in his optimism. Analyst Ali Martinez points to a developing Head-and-Shoulders reversal — a breakout above $3 could invalidate the pattern and spark a bullish sentiment shift. As long as XRP holds above its support line, Martinez sees $5 as a reachable short-term goal.
Another respected analyst, Dark Defender, spotted a bullish flag on the XRP chart — a pattern that typically signals a breakout after consolidation. His target? A solid $12.
In a market where meme coins are flying on vibes alone, these technical setups could be just what XRP needs to get back in the spotlight.
Investor Confidence Still High Despite Price Dip
At the time of writing, XRP is trading at $2.08, down 4.95% in the last 24 hours, and nearly 16% over the past week. Yet, analyst sentiment remains strong. Many believe this current correction is just the calm before the storm — a storm that could blow XRP into double-digit territory.
So, will XRP hit $15, $22, or even $27? Nobody can say for sure. But if history is any indicator — and crypto is known to repeat itself in the weirdest ways — this could be the setup for one of the most exciting XRP rallies yet. Buckle up!
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