XRP News: Analyst Predicts Potential Explosive Move to $33 Within 28 Days

A noted crypto analyst has released a chart update suggesting that XRP could experience a significant price surge in the coming weeks.

XRP Could Start An Explosive Move To $33 Within 28 Days

Crypto analyst EGRAG CRYPTO (@egragcrypto) has released a chart update suggesting that XRP may be on the verge of a swift move toward the $27-$33 price range. The timeframe for this potential surge could be as short as 28 days if conditions mirror XRP’s 2017 bull run. Egrag acknowledges the risk and difficulty of making time-based forecasts but still shares his analysis with the community.

XRP Bulls on Edge—Could the Downtrend Continue?

XRP price has started a fresh decline below the $2.650 resistance and is now consolidating losses. The price is trading above $2.40 and the 100-hourly Simple Moving Average, with a short-term rising channel forming on the hourly chart. Resistance is near the $2.550 zone, and if the price remains below this level, the downtrend may continue. The price dipped below $2.80 and $2.60 levels after starting a fresh decline from the $3.00 resistance, similar to Bitcoin (BTC) and Ethereum (ETH). Bears pushed the price below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. Bulls appeared near the $2 level.

Ripple: AI Predicts XRP’s Price For The Cryptocurrency Summit Day

Ripple (XRP) is currently one of the most trending cryptocurrency tokens. The token is now part of a widespread national narrative with a significant role. Donald Trump, the US president, has announced the launch of a cryptocurrency reserve featuring coins like XRP, ADA, and SOL. Bitcoin and Ethereum are also included in the reserve, which aims to streamline the future of finance. Trump is hosting his first Cryptocurrency Summit on March 7, potentially ushering in more bullish momentum for XRP.

XRP’s Surge to $4.3 Predicted: Here’s Why

After several years of trials and struggles, Ripple’s XRP is back under the spotlight. The altcoin faced increased scrutiny from the SEC, but with the arrival of President Donald Trump, a new chapter may be beginning for XRP. Over the past 12 months, XRP’s price has increased by 278%, reaching a high of $3.39. At press time, it was trading at $2.44 with a 5.37% rise over the past 24 hours.