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>>Developer on the XRP rally: When this finally breaks again, $27 is on the horizon.

Developer on the XRP rally: When this finally breaks again, $27 is on the horizon.

crypthub

about 2 hours ago

Market Stagnation and Historical Context

XRP has been in a prolonged price‑stability phase, lasting 2,992 days without true price discovery. The last breakout occurred on 13 December 2017 when the coin rose above $0.44 and surged to its 2017‑18 peak. This marks nearly eight years without a sustained, resistance‑free uptrend.

Projected Breakout and Target

Crypto analyst Bird predicts that once XRP re‑enters a price‑discovery stage, it could climb to $27. The target combines speculative trading pressure with anticipated institutional adoption of Ripple’s enterprise solutions. He emphasizes that both forces must align for the projected surge.

Factors Influencing Future Growth and Outlook

Short‑term momentum may be driven by retail speculation, while long‑term support hinges on broader institutional use. Recent consolidation, indicated by six monthly red candles, could precede a major upward move. Although timing is uncertain, $27 serves as a benchmark if market conditions replicate the 2017 breakout scenario.