XRP Breakout Imminent? Analyst Predicts Surge to $17, $21, and $27

The XRP community has been stirred by fresh insights from chart analyst EGRAG CRYPTO, who outlined a potential breakout scenario that could propel XRP toward $17, $21, and $27.
According to his technical assessment, XRP is currently forming what he refers to as a “Hypaspists Formation,” a pattern believed to support rapid and sharp upward moves.

This formation, shared via a detailed chart, shows XRP trading within a descending parallel channel bordered by defined upper and lower trendlines. Even after a recent period of no movement, XRP appears to be in its primary structure, which suggests it may rise in the upcoming weeks. It is important to note that the analysis points out that $1.35 and $1.80 are crucial levels that could see the market’s support persist.

Furthermore, the market has set selling points at $2.40, $3.00, and $3.40, offering smaller targets along the way before hitting the bigger price objectives of $17, $21, and $27. These stages show that XRP could grow steadily, which could then lead to a sharp rise.

Also Read: XRP Set to Dominate? Ripple Pushes ILP Integration With Global Banks

Analyst Identifies Pattern That Could Trigger Rapid XRP Gains

According to EGRAG CRYPTO, the Hypaspists Formation does more than frame price movements. It reflects a strategic setup capable of delivering swift gains once conditions align. The structure resembles a military unit designed for speed and agility, emphasizing XRP’s potential to move quickly once momentum builds.

According to the analysis, the pattern will remain bullish even if XRP declines to the price of $1.35. Maintaining this support would confirm high chances of reaching the forecasted long-term objectives. The current pattern shows stability as XRP gathers within a larger range, which may lead to a significant price increase.

Another vertical line appears on the chart, pointing to early September as well. Depending on the trend and volume readings, an inflection point is possible at this marker when the price tends to rise.

With expert insights pointing to a structured path toward $17, $21, and $27, XRP is attracting renewed attention. As the market develops, people are watching the Hypaspists Formation for any hint of a large breakout soon.

Also Read: Metaplanet Targets $50 Stock Price After $5.4B Bitcoin Fundraising Plan

The post XRP Breakout Imminent? Analyst Predicts Surge to $17, $21, and $27 appeared first on 36Crypto.