 
 
XRP price targets from key market players are becoming increasingly bullish, indicating renewed optimism amongst crypto analysts. One player shared his bullish outlook on XRP, forecasting a price of $27 as an attainable level for the third most valued cryptocurrency by market cap.
In an X post, market player egragcrypto shared that XRP bulls are gearing up for what could become the most significant move recorded this year.
The analyst who observed XRP’s inability to break above its all-time high to test the $4 price mark explained that XRP is prepared to close a full-body candle.
A full-body candle, also known as a Marubozu, is a candlestick with a long body and little to no wicks, often considered as a bullish signal or bearish signal depending on its direction. While it remains to be seen where the candlestick points to, a bullish move could position XRP for retesting previous support levels.
The move is especially significant, as it would mark a milestone not attained since XRP’s inception.
 
As the analyst wrote;
“In the next 6 days, XRP is set to close a full-body candle (2-month time frame) above the $2 mark for the very first time in its history! This would be the highest candle closure XRP has ever achieved!”
The analyst further stated that the Fib targets for the current market cycle are clear and have remained unchanged since the asset’s creation in August 2013.
Egragcrypto outlined his three main long-term price targets for XRP, corresponding to each Fib level. At Fib 1.272, Fib 1.414, and Fib 1.618, XRP is expected to trade at $8, $13, and $27, respectively.
As of the time of this report, XRP is down 1.80% over the last 7 days and is currently trading at $2.95.
Source: https://zycrypto.com/xrp-could-jump-to-27-as-analyst-breaks-down-bullish-timeline-for-historic-candle-close/