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According to an analyst, XRP could jump to $27 within about 60 days if it really does follow the same path it took back in 2017.
Analyst egrag_crypto on social media platform X, preferred by billionaire Elon Musk, says that XRP could hit a high of $27 in about 60 days if it really does follow the same path it took back in 2017. The crypto analyst adds that the token is acting a lot like it did before, and that has some traders watching closely.
The crypto market setup is simple: repeat history, hit big targets, cash out along the way.
XRP Fractal Moves Mirror 2017
According to data from crypto exchange CCEXT, XRP began 2017 at $0.0055 in March and reached a high of $0.3988 by May. After which, it went into a cooling-off mode for roughly six months.
In its current run, XRP, the native token of Ripple (CRYPTO: XRP), lagged around $0.50 through most of 2023 and into early 2024. After the US elections in November 2024, it shot up nearly 600%—from $0.50 to $3.40 by January 2025. Now it’s pulled back and is sitting still.
That pattern looks a lot like what happened eight years ago. Back then, XRP’s first rally went from March 2017’s low of $0.30 to May 2017’s peak of $0.50. But that bull market fizzled quickly, and XRP went as low as $0.20 in December 2017 from its May 2017 high.
After the December 2017 low, XRP put in a 1,772% move to rally from $0.20 in December 2017 to $3.90 in May 2018. It went on to hit $0.40 in December 2017 and $3.90 in May 2018.
Fibonacci Levels And Profit Marks
Analyst egrag_crypto is placing three clear price zones before the big $27 goal. The 1.272 Fib extension from the December 2024 low to the January 2025 high is around $8.49. Next is the 1.414 Fib pivot from the same lows and highs, sitting at about $13.79.
Finally, if XRP truly repeats 2017’s second wave—a 1,772% surge—it would culminate nearly at $27. To realize that 60 days is a stretch, but the math aligns if history rhymes.
Those joining at the 1.272 Fib would be booking 349% on their initial investment. If they started at the 1.414 Fib, they’d still be pulling out more than 199% on their capital.
Support Lines Key As Futures Volume Lags
Another angle is the 21-week exponential moving average, which egrag_crypto says is around $2.30. XRP trades at about $2.33, so it’s only just ahead of that.
A glance at the chart shows the bullish case hinges on staying above the 21-week EMA. If price dips below that moving average, the bullish narrative starts to crumble.
Below $2.30, sellers could step in more aggressively, pushing XRP toward tougher floors, like the $2.00 zone or other support bands.
In a fresh development, CME Group Inc (NYSE:CME) launched its XRP futures contracts in mid-May. So far, only 1,380 contracts have been traded.
At an average price of $25.90, that translates to about $35.8 million in volume against XRP’s $138 billion market cap. It’s a tiny fraction, which some say is underwhelming.
But it could be the start of wider institutional flows if the volume picks up.
Those watching for signs of broader participation may want to keep an eye on that futures volume number in the coming weeks to see if it indicates increasing interest from large players.
Those who prefer to zoom out on the bigger picture might say that a 1,772% move in two months is a bit too wild to be plausible.
Plus, there’s still the matter of the US Securities and Exchange Commission’s case against Ripple, which some legal experts say could go either way. Not to mention, broader crypto market sentiment can shift rapidly, and no one knows for sure what the next leg of the market will be.
But those who prefer to focus on the smaller details might notice that
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