XRP Bulls Eye $27 as Megaphone Pattern Unfolds

XRP, the native cryptocurrency of the Ripple network, has been the subject of intense scrutiny and analysis by the crypto community. A prominent figure in this space, EGRAG CRYPTO (@egragcrypto), has recently shared an in-depth technical analysis of XRP's price trajectory, suggesting a significant bullish outlook.

EGRAG CRYPTO's analysis focuses on a megaphone pattern, a structure characterized by widening price swings, indicating increasing volatility. The chart displays XRP's historical price movements, with a key highlight being the "Valhalla Portal," a price zone marked by green dotted lines. This critical breakout area ranges from $2.2 to $3.48, and the asset has consolidated within this range for some weeks.

The analyst identifies the megaphone pattern as a structure that can lead to both bullish and bearish scenarios. In a bullish case, the price would break through resistance and continue its upward trajectory. Conversely, a bearish case would see the price struggling within the pattern before facing a downturn, potentially falling between the bottom channel of the pattern.

EGRAG CRYPTO shows that XRP is currently in the bullish stage of the pattern and expects a massive climb. He highlights Fibonacci extension levels, specifically 1.272 ($13.10), 1.414 ($13.34), and 1.618 ($27.05), which are often used in technical analysis to project potential price targets. The analyst has previously predicted a move to $27, and these levels suggest that XRP could see substantial gains if bullish momentum continues.

The analysis aligns with a recent update on XRP's 4-hour timeframe, which describes the current downturn as short-term noise and emphasizes that broader market trends remain positive. EGRAG CRYPTO emphasizes that long-term holders should remain confident, as price fluctuations in the short term may be inconsequential compared to the projected growth over the coming years.

EGRAG CRYPTO states, "If you do not know what you are hodling, SELL NOW and get some rest." This sentiment aligns with the broader belief among XRP enthusiasts that patience will be rewarded. A crypto expert previously told the crypto world not to wait to buy XRP but to buy XRP and wait. Speaking on XRP