XRP News Today: XRP Poised for 1000% Surge to $27 by July 21

Technical analyst EGRAG CRYPTO has recently shared a detailed analysis of XRP’s price behavior, suggesting that the digital asset is on the verge of a significant breakout. The analysis is based on a visual breakdown using what the analyst refers to as the RGB arcs, which track historical resistance and support zones over multiple years. This approach focuses on macro patterns rather than short-term fluctuations, drawing parallels between XRP’s current market structure and its past performance, particularly the parabolic surge observed in 2017-2018.

The RGB arcs consist of three layers: the red arc represents foundational support, the green arc reflects prior breakout levels, and the blue arc projects higher targets based on previous cycles. The chart indicates that XRP has undergone a similar pattern of consolidation before its explosive rally in 2017, where six-month candles formed before the market broke upward. Currently, XRP has printed seven such candles in a tight formation, suggesting a comparable setup is unfolding.

According to the analysis, XRP is currently in a triangular consolidation pattern at a key support level, aligned with the lower green arch. The analyst notes that in the last cycle, it took just six candles before the final leg launched, and XRP is now sitting at the seven-candle mark. This observation leads to the conclusion that a high-volatility move, described as the “KABOOM Phase,” could be imminent. The analyst has also pointed to a potential inverted hammer formation that could support this massive bullish run and has laid out the requirements for XRP to complete that pattern.

The digital asset has multiple technical indicators pointing toward a bull run in the short term, and the analyst maintains confidence in the asset’s long-term trajectory. The measured move is clear, and XRP is headed for the outlined target zones. The analyst expects this climb to begin on July 1 and has predicted that the asset will hit its cycle peak on July 21. Based on his analysis, the upper targets for this run lie between $22 and $27, with a maximum projection near $38. The analyst has reiterated the $27 target for years, and his target range of $22 to $28 is significantly higher than XRP’s current price of $2.15. Many market participants are confident in this imminent bull run.