XRP Faces 1,250% Gain Prediction Amid Bearish Market Sentiment

Crypto expert Egrag Crypto has predicted that the XRP price could surge to $27. The analyst has also specified the timeline for this potential price increase, stating that the altcoin could reach this target within 60 days. According to the expert, historical patterns suggest that XRP has the potential to achieve this significant gain within this timeframe. Based on this prediction, XRP could reach the $27 target by June, which would mark a 1,250% gain for Ripple’s native cryptocurrency. The expert's accompanying chart indicated that the 2017 bull run serves as a historical precedent for such a parabolic rally. In 2017, XRP experienced a historic gain of over 60,000% as it rallied to its current all-time high of $3.8 the following year. Therefore, a 1,250% increase is not unprecedented for the altcoin.

Despite this optimistic outlook, the XRP price currently faces a bearish sentiment due to the broader crypto market conditions. If XRP fails to hold above $2.03, it could drop to the next major support levels at $1.79 and $1.56. Crypto analyst CasiTrades has also weighed in on the situation, stating that it is decision time for the XRP price. She noted that the altcoin is showing strength with a bounce back to the first key test at $2.17, which she considers a crucial resistance level that needs to flip into support. CasiTrades emphasized that XRP must reclaim this level to build momentum, with $2 remaining a valid target if the $2.17 level is rejected. She also identified $2.70, $3.05, and $3.80 as major resistance zones once an upward trend is confirmed.

CasiTrades mentioned that the XRP price is now fully inside the Fibonacci Time Zone 3, which spans most of April. She affirmed that this is the breakout window market participants have been preparing for, with all signs pointing to a macro wave. The analyst noted that the structure is clean, with the RSI divergence confirming the bottom and the subwaves aligning well with the larger targets. If the next leg pushes XRP back above $2.17 with momentum, market participants may see obvious signs of Wave 3. Interestingly, CasiTrades added that if the altcoin clears $2.70 this week, it may break the $1,000 price extension. However, investors may remain cautious, especially considering the recent market volatility and upcoming economic announcements that could impact prices.