XRP Price Targets: Analyst Predicts Potential Surge to $9.7 or Even $27

On March 7, an analyst, Egrag Crypto, suggested XRP could surge, potentially mirroring its 2017-2018 bull cycle. The analysis identifies $9.7 as a primary target, reflecting a midpoint of the previous breakout. A 718% surge could propel XRP to $27. Currently, XRP trades at $2.34, down 5.34% in the last 24 hours, but with an 8.56% increase in daily trading volume to $8.63 billion. Overcoming resistance at $2.62 and $3.0 is crucial for reaching the $3.4 barrier. A symmetrical triangle pattern on XRP's weekly chart indicates uncertainty, with a potential downside target of $1.46, aligning with the 50-week exponential moving average.