- Top analyst Egrag Crypto is calling for a 10x XRP price rally in as little as four weeks
- He dismisses the recent crash below $2.81 support as “short-term noise” to shake out weak hands
- The analyst notes downside risk, with a break below $2.70 potentially sending XRP toward $2.30
While many traders are concerned about XRP’s sharp weekend price crash, top analyst Egrag Crypto is telling the market to ignore the fear. He is doubling down on a massive bull call, predicting a 10x rally to $27 and dismissing the recent drop below key support as nothing more than “short-term noise.”
The Bull Call: A 10x Rally to $27 in Just Four Weeks?
Egrag’s core thesis is that XRP is setting up for a massive parabolic move, and the latest setback is simply shaking out weak hands before the real rally begins.
What is the analyst’s main XRP prediction?
He is calling for a surge to $27, a nearly 10x move from current prices, stating this will happen “unless it starts breaking major structures.”
What is his timeline?
When pressed for a timeline in the comments, the analyst pointed to XRP’s historical volatility, suggesting the 10x move could happen in as little as four weeks.
The Bear Reality: XRP Just Broke Key Weekend Support
While the prediction is bullish, the immediate price action is not. XRP suffered a significant drop over the weekend, breaking below multiple support levels.
What happened to the XRP price this weekend?
After closing at $2.96 on Friday, XRP fell over 10% through the weekend, breaking below the critical $2.81 support level and triggering concern among investors. This technical weakness is a major hurdle for the bullish case.
Related: XRP Price Prediction: XRP Struggles Against Descending Resistance
What are the key downside levels to watch?
Even the bullish analyst acknowledges the short-term risks. He stated that a break below $2.70 could trigger a further drop to $2.65 or even $2.30 if selling pressure continues.
The Bottom Line: Can the “XRP Army” Hold the Line?
The analyst’s high-conviction call is resonating with the token’s massive community, with many supporters seeing the current dip as a final opportunity to accumulate.
The big XRP catalyst everyone is waiting for
The ultimate bull case for most XRP holders hinges on the approval of a spot XRP ETF by the U.S. SEC. Many believe that due to XRP’s unique position in cross-border payments, an ETF would have a more significant and explosive impact than the Bitcoin and Ethereum ETFs had on their respective assets.
Related: SEC Approval of Ripple Spurs Institutional Adoption — EarnMining Offers 2567 XRP in Daily Returns
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