- Egrag Crypto forecasts Ripple (XRP) to hit $27, driven by BOS and 21 EMA alignment.
- XRP’s current range above BOS signals growing bullish momentum in the crypto market.
- The 21 EMA convergence could trigger a breakout, marking Ripple’s (XRP) path to $27.
Egrag Crypto has set a price target for XRP, attracting the attention of the entire digital asset market. In an X post on Monday, Egrag noted that XRP is predicted to climb to $27 in the current market cycle. This forecast is made as XRP is traded above the Break of Structure (BOS) and the likely response from the 21-day Exponential Moving Average (EMA).
The current range of XRP above the BOS shows increasing positive pressure in the market. He predicts the turning point at the 21 EMA, which will breach the BOS and clip the price of XRP. The analysis focuses on using technical complements such as the BOS and EMA to convey price trends. Based on this scenario, Egrag Crypto’s focus on convergence supports this scenario in his prediction.
The 21 EMA is especially important to technical traders, as it helps them understand the short-term price direction. This metric is most effective when it coincides with other structural markers, such as the BOS, indicating a major market change. Egrag Crypto’s confidence in this alignment forming above the BOS shows that he believes in XRP reaching the $27 price mark.
XRP Market Overview
As of press time, XRP is at $2.20, a 2.99% decrease over the last 24 hours and a 6.08% loss in the last seven days. Despite the price drop, XRP still remains one of the most liquid assets, with a daily trading volume of $11.47 billion
Stuart Alderoty Urges SEC Reform on 4th XRP Case AnniversaryMany remain skeptical, but the XRP community has enthusiastically embraced Egrag Crypto’s predictions. His rallying call to the XRP family to remain strong and keep pushing has spurred the supporters. As the token nears a key technical milestone, much attention is being paid to its action. The market has been anxiously waiting to see whether it will reach $27.
