XRP Could Start To Explode To $33 Within 28 Days: Analyst
Crypto analyst Egrag Crypto (@egragcrypto) has released a chart update that could spark excitement among XRP holders. In his latest post on X, analysts refer to historical price behavior, potential channel formation, and precise technical metrics to show that XRP may be rapidly shifting to the $27-$33 price range. According to his analysis, if conditional mirror XRP’s 2017 bull run, the time frame for this potential surge could be short to 28 days.
XRP priced at $33?
Egrag opened him postal By acknowledging the risks and difficulties of making time-based predictions. “Sometimes, I’ll throw myself on the bus with the time predicted time, but honestly, it’s worth sharing with the community! Even though I know it might backfire, I still give it a try,” he wrote. He also reiterated his broader philosophy: “Now, let me know – I will never try to time the market because it is almost impossible. Instead, I follow the golden rule: “The time of the market is more important than the time of the market! “The balance between caution and optimism emphasizes the delicate nature of technological analysis in the unpredictable cryptocurrency market.
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At the heart of Egrag’s analysis is a potential weekly channel that he believes is strongly similar to the price structure XRP Exhibition in 2017. He noted that during this period, the period from the establishment of the channel to the final breakthrough lasted about 175 days. In the pan of that era, the token was recorded about 2,500% from the lower boundary of the channel. This surge ultimately peaks with the “blow-up”, a term traders use to describe a rapid price increase and then reverse it faster.
According to Egrag, these charting features appear to be re-paving now, with XRP showing signs of maintaining an exponential moving average (EMA) of 21 weeks. “Today, we’re seeing similar XRP price action, with 21 EMAs off and only one small wick,” he noted. He showed that the price of the token is approaching near the good moving average for viewing. This support (if you get) may be an early sign that bullish momentum is being established.
One of the most striking points in the Egrag chart is his prediction that XRP can climb to the extension level of FIB 1.618, where he targets his tentative target between $27 and $33. He explained that if the 2017 channel pattern really echoes today’s structure, XRP may replicate similar gains and durations before reaching that range. “If we apply the same model in the current market, XRP could rise to FIB level 1.618 with a target of $27-$33!” he wrote. He further advised Parabola Moves According to his historical observation, “it may happen within 28 days.”
Before reaching this high, XRP can first set the FIB 1.272 level at $8.38, followed by the FIB 1.414 level at $13.67. These are historically relevant Fibonacci expansion points that traders usually monitor as prices rise.
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In the short term, XRP is currently positioned at 0.888 Fibonacci retracement level ($2.23), with additional support at 0.786 level ($1.57) and 0.702 level ($1.78). These levels indicate that XRP is merge Before the expected breakthrough, in a structured Fibonacci-based model.
This 28-day forecast is arguably the most compelling part of his analysis, reflecting his usual reluctance to pin down the breakouts in the short-term schedule. Egrag acknowledges that the movement of the timing market is well known to be challenging, but there is still confidence that reviewing past cycles can still provide valuable insights. “I still give it a try even if I know it might backfire,” he said, acknowledging the inherent volatility and unpredictability of crypto assets.
At press time, XRP was trading at $2.32.
Featured Images created with dall.e, Charts for TradingView.com
