Insights

Crypto analyst Egrag Crypto predicts that $XRP is currently in a “Bermuda Triangle” or boredom phase, a period of slow price movement meant to shake out weak hands before a major rally. According to him, while many traders are questioning why XRP hasn’t surged, this stagnation could be setting up for an explosive move to $27. Why Is $XRP Stagnating? XRP previously jumped from $0.50 to over $3 before its latest correction. The market decline has triggered uncertainty, with investors fearing further dips to $1.60 or $1.30. Whale manipulation may be playing a role, forcing liquidations before a rally. What’s Next for XRP? Analyst Steph Is Crypto points to a Falling Wedge breakout, suggesting XRP could climb to a new ATH if the breakout holds. His price target stands at $4, a 66.7% increase from current levels. With market patience running thin, analysts advise staying disciplined and accumulating strategically, as XRP could be on the verge of a breakout.