• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Ripple XRP

Analyst Highlights Possible Driving Factors And Challenges For XRP To Claim $27

Eli Dambel
by Eli Dambel
2 years ago
·
Posted in Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Prominent crypto expert, Egrag, isn’t deterred from his opinions about the future price action of XRP. The analyst has listed the challenges and possible driving forces the Ripple token will encounter on its way to the $27 target.

Egrag took to Twitter to share his analysis from previously compiled charts and technical indicators on XRP. The analysis tagged “The Bermuda Triangle Chart” highlighted seven key points in XRP’s march to $27 in the coming months.

XRP Will Hit $27 If It Conquers These Challenges

Egrag Crypto, as he’s popularly known on Twitter, addressed these points in previous analyses. First, he identified the Seven Arcs, which provides seven Fibonacci circle price targets. Analysts draw these arcs around crucial price levels, specifically at the resistant points, as seen on Egrag’s chart.

Related Reading: Crypto, Cash Worth Over $55 Million Seized In Europol Dark Web Crackdown

The first arc stands at $0.60, the third at $1, and the seventh is at $27. This analysis suggests that XRP has to conquer each arc point to reach the $27 mark. Also, Egrag set XRP’s clearing price at $1.90. 

The clearing price is the equilibrium fiat value of an asset at which the number of buyers equals sellers. Simply put, XRP’s clearing price is the price at which asset demand equals supply. 

#XRP Bermuda Triangle $27:

This Chart (Bermuda Triangle Chart) is a combination of previous Charts & Key factors stated by @egragcrypto on previous #XRP Charts. #XRP Price will disappear from the Bermuda Triangle & will never be seen within the triangle.

1) The Seven Arcs:… pic.twitter.com/zrC8BJGpbo

— EGRAG CRYPTO (@egragcrypto) May 1, 2023

Furthermore, the analyst highlighted the atlas line, a diagonal line drawn at the price level that supports XRP during a sharp decline. According to Egrag, XRP must break above the atlas line by every means possible. However, that can only happen with a price rally, as observed between 2015 and 2017 and between 2017 and 2022.

Egrag’s analysis didn’t end there. He also pointed out other crucial price points XRP must conquer as it moves to $27. One of these is the Final Wake-up Line. He believes the coin will move to a fierce zone tagged The Red Lake after conquering the final wake-up line. 

The red lake is among the determinant regions for a successful rally to $27. It is where the bulls and bears will fight to control the XRP’s next price point. The second and third arcs (part of the Seven Arcs) lie within the red lake.

The Stratosphere And Blue Ocean Regions

In the analysis, Egrag mentioned the Stratosphere and Blue Ocean regions. He stated that breaking above the red lake region would propel the coin to the point he tagged the stratosphere.

The stratosphere does either of these things: it could push its price higher or resist further increases for several months. 

Nevertheless, once it breaks above the stratosphere region, the price would likely surge, reaching the blue ocean region. The blue ocean is the price region where sharks and whales take control. There, the sharks and whales accumulate chunks of tokens. 

The blue ocean represents a price point where it’ll witness high demand from mid-sized and whale investors with deep pockets.

Analyst Highlights Possible Driving Factors And Challenges For XRP To Claim $27
XRP declines on the chart l XRPUSDT on Tradingview.com

Notably, four of the seven arcs lie within the blue ocean region. Ultimately, the price could ultimately hit the $27 mark once it conquers the blue ocean region.

Featured image from PIxabay and chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Eli Dambel

Eli Dambel

Follow

Eli brings an eclectic point of view to market analysis. Currently, he writes about various asset classes, including Crypto and Stocks. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. He also thinks Bitcoin will become universal currency in the near future. You can follow Eli on Twitter: @EliDambel

Full Profile

Related Posts

Ripple

Ripple Swell 2025 Is Almost Here: Here’s What To Expect From The Event

3 days ago
Ripple

Pundit Says Ripple Is The New SWIFT — Here’s What Is Driving It

3 days ago
Ripple

Latest RLUSD Stablecoin Could Propel Ripple To Limelight Amid Trillion-Dollar Predictions

1 week ago
Ripple

Did This Federal Reserve Announcement Just Put Ripple In The Ranks Of SWIFT And BRICS?

1 week ago
XRP

Ripple’s RLUSD Takes Center Stage As NYSE-Listed Company Moves $1.5B Through XRP Ledger

1 week ago
XRP

Ripple CTO Declares Blockchains Can Solve Problems Outside Of Cryptocurrencies

2 weeks ago

Premium Sponsors

Press Releases

  • The Ethereum DeFi’s Return Sets the Normal for Cloud...

    3 hours ago
  • Earn $8,888 per day – OurCryptoMiner helps you turn...

    3 hours ago
  • OPTO Miner

    XRP’s post-holiday rebound is weak, and OPTO Miner...

    7 hours ago
  • XRP retreats under pressure, while DOT Miners generates...

    12 hours ago
  • Rich Miner Launches New Cloud Mining Strategy: Secure 1,000...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.