Does XRP reach $ 27 in 60 days?

In a sudden analysis, one of the well -known analysts expected that the XRP coin will witness a huge leap that could reach a level of $ 27 during a period not exceeding two months, which caused a stir among the digital currency community, which was based on a noticeable similarity in the price movement between the current cycle and the historical rise in the XRP in 2017, which made many traders restore their accounts and watch whether this wave will already be repeated.

Similar to the price style with the 2017 cycle

According to the analyst Egrag Crypto, XRP is in the footsteps of what happened eight years ago when it started from a price of $ 0.0055 in March 2017 and reached $ 0.3988 in May, before entering a correction phase that lasted for several months to explode in a missile in October of the same year and achieve an increase of about 1,772% in just 63 days, and the current scene seems similar to a large extent, as XRP remained stable around the level of $ 0.50 for a long time during 2023 until early 2024, then recorded a strong rise after the American elections in November 2024, when it rose to $ 3.40 by January 2025 before it entered again in a stage of pricing cohesion.

Fibonacci levels and its indications on the rising track

Based on the technical tools of Fibonacci, the analyst indicates three main price areas at which XRP can stop during its course about 27 dollars, and the first of these stations at the extension of 1.272 Vibonacci, which indicates the price of $ 8.49, followed by a $ 13.79 region at the extension of 1.414, which is a very important resistance area, and if the 2017 scenario actually repeats the price, the price may go towards the potential summit at $ 27, It seems that the idea of ​​reaching this goal within 60 days remains the subject of controversy, but the analysis believes that this scenario is not impossible if it provides the appropriate momentum and environment.

The weekly moving average is a decisive indicator

One of the most important points on which the analysis focused on maintaining the price above the SIS is 21 weeks, which is currently located at the level of $ 2.30, and XRP is trading at about $ 2.33 at the present time, which means that it is barely above this line, and if it breaks it down, the currency may enter a corrective wave that leads it to lower support levels such as $ 2.00 or even less, which may threaten to abort the upward dream in the term Al -Qusayr, and this technical line is one of the most prominent indicators on which traders depend to determine the direction of the market, and breaking it down often explains as a sign of the beginning of a wider decline.