XRP News: Analyst Predicts $27 Price Target as Current Boredom Phase Sets Stage for Rally

In the world of cryptocurrency, predictions and analyses are a dime a dozen. However, one particular analyst’s forecast for XRP has caught the attention of many in the market. According to the expert, the current ’boredom phase’ that XRP is experiencing could soon be a thing of the past, as the cryptocurrency is poised for a significant rally that could see its price hit $27.

XRP Price To $27: Current ‘Boredom Phase’ Could Trigger Rally

A crypto analyst has predicted that the XRP price could hit $27 soon. He describes the cryptocurrency’s current price action as a “Bermuda Triangle or boredom phase” — a period of slow or sideways market movement, causing doubt and uncertainty among traders and investors. According to Egrag Crypto, while many are impatient and questioning XRP’s lack of notable price increases, this phase is merely setting up for a strong rally toward $27.

Ripple’s Future After SEC Lawsuit Dismissal

The SEC lawsuit aimed at classifying XRP as a security has been dismissed, opening new opportunities for Ripple Labs. The recent FOMC meeting and regulatory clarity promise a bright future for digital assets. On March 19th, Ripple Labs CEO Brad Garlinghouse announced the end of the 5-year battle after a drop in charges. This news, combined with the recent Federal Open Market Committee (FOMC) statement, has brought new Optimism to the XRP and crypto market.

Ripple Calls on SEC to Ditch Enforcement-First Approach

Ripple has called on the SEC to abandon its enforcement-first approach following a key legal victory. According to Ripple, the SEC’s past actions created confusion in the crypto industry by enforcing standards that were not written into law. Ripple referenced a February 21, 2025, SEC statement and insisted that the commission should prioritize providing clarity for crypto companies. The exchange further argued that previous enforcement strategies were inconsistent with the Crypto Task Force’s goal of establishing clear criteria for determining what constitutes a security.

Analyst Predicts XRP To Surge To $9-$10 – Here’s Why

XRP emerged as a major headliner last week as the US Securities and Exchange Commission (SEC) officially dropped its four-year case with Ripple. This development resulted in a significant demand for XRP, which surged over 13% to briefly trade at $2.60 on March 20. Although it has retraced slightly over the last 24 hours and is now valued at around $2.39, market expert Egrag Crypto predicts major bullish gains for XRP based on recent price action and Fibonacci retracement levels. The analyst notes that XRP has consistently closed above the Fib. 1.0 level over the past three months.