The XRP price has what it takes to reclaim its all-time high (ATH)

The XRP price has what it takes to reclaim its all-time high (ATH) in the coming weeks, with a small chance of a double-digit breakout.

The price of XRP has what it takes to claim its all-time high (ATH) in the coming weeks, with a small chance of a double-digit breakout. According to EGRAG CRYPTO, citing key onchain charts, the XRP price can skyrocket by 1,700% in the next 63 days.

The price of the top altcoin has showcased a largely erratic trend thus far this month as macroeconomic trends generally drag down its growth pace. However, despite this setback, the coin is still up by more than 0.83% over the past seven days.

At the time of writing, the coin was trading at $2.349, down by 0.75% over the past 24 hours. From a high of $3.69, the coin dropped as low as $2.29 before settling at its current level.

The hype around the coin is real, as pro-crypto lawyer John Deaton predicted that XRP will flip Ethereum soon.

Also Read: Institutional Interest in Bitcoin and Ethereum Soars in Q2 2023

The XRP Price May Hit $27

As EGRAG CRYPTO noted on X, the top coin repeats the last section or pattern from October 2017, which marked a big breakout for digital currency. The coin rallied for over 63 days, inking as much as 1,772% to record an all-time high of around $3.84.

The analyst noted that the XRP price may jump to $27 in the next 63 days if history plays out again.

"Small chance for a double-digit breakout but still a good setup for a 5x from here.

The 21-week EMA has formed a vital support level or a good defense against market bears. As long as #XRP remains priced above this indicator, the bulls still have plenty of room to run. We can't stress enough that they need to keep the viable support level in sight.

This analysis is for informational purposes only and should not be considered investment advice. Always do your own research before investing in any cryptocurrency or financial instrument.

The crypto market is highly volatile and can vary widely in a single day. While this analysis provides insights into the potential for a 1,772% rally in XRP, it's important to note that market movements are unpredictable.

The analyst also noted that the coin dropped to as low as $1.48 in December 2018.

"If the bulls can't keep the Fib 1.382 level in sight, then the Fib 1.414 level signaled a stall and a trend reversal. A positive candle close above this Fib 1.414 level signaled a sustained upward momentum.

The Fib 1.5 level signaled the final push needed to stall the downward momentum.

The optimal entry point for the optimal target was a candle close above Fib 1.618.

The last optimal entry point for the optimal target was a candle close above Fib 1.414.

The ultimate entry point for the optimal target was a push above $3.

The optimal exit point for the optimal target was a drop below Fib 1.382.

The last optimal exit point for the optimal target was a drop below Fib 1.414.

The ultimate exit point for the optimal target was a push below $2.3.

If the last section repeats itself, then the optimal entry point for the optimal target will be a candle close above Fib 1.414.

The optimal exit point for the optimal target will be a drop below Fib 1.382.

The optimal entry point for the optimal target is a candle close above Fib 1.414.

The optimal exit point for the optimal target will be a drop below Fib 1.382.

The last optimal entry point for the optimal target will be a candle close above Fib 1.414.

The optimal exit point for the optimal target will be a drop below Fib 1.382.

The ultimate entry point for the optimal target will be a push above $3.

The optimal exit point for the optimal target will be a drop below Fib 1.382.

If the last section repeats itself, then the optimal entry point for the optimal target will be a candle close above Fib 1.414.

The optimal exit point for the optimal target will be a drop below Fib 1.382.

If the last section repeats itself, then the next ATH might come around July 21, 2025 optimal entry point for the optimal target will be a candle close above Fib 1.414.

The optimal exit point