XRP (XRP) is quietly regaining traction after a weekend dip below $1.90, bouncing back as geopolitical headlines reshaped market sentiment.
A brief slip under the $2 psychological level was quickly reversed after President Trump stepped in to broker a cease-fire between Iran and Israel, sparking a wave of renewed buying.
Yet despite the rebound, XRP has struggled to break out of a months-long consolidation phase, frustrating investors who expected follow-through after its late-2023 surge near all-time highs.
One popular crypto trader seems to think that the wait could be over soon. Egrag Crypto, a pseudonymous account followed by more than 85,000 users on X shared a bullish XRP price prediction that sees an upcoming spike to $27 per token.
This rally should begin from July to September based on a bull flag pattern Egrar has been tracking for a while. According to his estimate, the full upside potential of these patterns typically unfolds in 75% to 95% of the time that it took them to be fully formed and broken.
Heading to the charts, we can see that XRP has broken above a descending price channel and has already retested the upper bound of this pattern from above twice.
These retests confirm the setup’s bullish bias and anticipate a significant rally that could push XRP to at least $2.6 in the near term based on the channel’s height.
The 9-period and 21-period exponential moving average (EMA) have made a bullish crossover in this 4-hour chart already and they seem to be headed for a ‘golden cross’ with the 200-period EMA as well.
The $2.3 level is the key resistance to watch in the short term. A move above this area will confirm a bullish XRP price prediction to the $2.6 target.
A move toward $589 seems quite unlikely at the time but Egrar’s prediction does favor a strong bullish movement to uncharted territory.
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