XRP draws renewed interest from traders as it continues to trade within a descending triangle pattern amid ongoing market consolidation. Despite persistent bearish pressure, technical signals suggest the asset may be preparing for a significant upward breakout.
According to popular crypto analyst Egrag Crypto, XRP could climb to $27 within six months if its current structure remains intact. The analyst detected strong similarities between recent monthly candle patterns that led to XRP’s major rally in 2017.
The analyst Egrag Crypto labeled the ongoing price movement as the “Kangaroo Phase” because he expects a coming breakthrough. The March 2025 monthly candle morphology in XRP looks comparable to the October 2017 pattern right before XRP experienced its historical price elevation.
A key part of Egrag’s outlook is XRP holding above the $2 support area, which he called the “safest foundation” for a breakout. He outlined three major Fibonacci expansion targets—$7.50, $13.70, and $27.30—based on current market structure and historical parallels.
Source: @egragcrypto
Also Read: Big News: XRP About to Get a Major Boost – Here’s What’s Coming Today
Technical Support and On-Chain Data Point to Critical Price Stage
Market observers closely monitor XRP’s performance as the token remains one of the few altcoins to hold firm above February’s capitulation levels. Analyst AMcrypto noted that XRP’s ability to defend the $2 mark is a sign of strength in a relatively quiet market.
He added that a move above $2.30 would be necessary to confirm bullish momentum and end the current consolidation. Trading activity will remain confined within this range until bullish momentum occurs.
XRP futures market analysis by Santiment reveals that more than 70% of Binance exchange users hold long open positions on XRP. The trading community maintains a positive outlook about XRP that matches the market’s technical signals favorably.
Source: @AMCryptoAlex
Favorable technical indicators remain despite ongoing factors at the macro level that affect market conditions. The market faces two significant challenges regarding Ripple’s U.S. SEC case and potential ETF launches by BlackRock.
Alongside the expanding worldwide interest in XRP utility and increasing RLUSD adoption, the market closely monitors both developments.
Conclusion
With XRP holding steady above a key support level and historical patterns aligning, analysts believe the next few months could prove decisive. If current trends continue, Egrag’s prediction of a $27 XRP may move closer to reality.
Also Read: Crypto Market Price Movement: Bitcoin Gains Momentum as Broader Market Retreats Under Rising Fear
