XRP Analyst EGRAG Crypto Identifies Triple-Bottom Pattern With $27 Long-Term Target
XRP analyst EGRAG Crypto has identified a potential triple-bottom formation developing near a multiyear ascending support trendline, outlining a possible recovery scenario with Fibonacci price targets of $13, $17 and $27. The projections depend on XRP confirming a bullish reversal and breaking through several resistance levels.
According to In an analysis shared on X, EGRAG Crypto highlighted the developing technical structure on a TradingView chart. XRP was trading around $1.0562 on the weekly Binance chart, down 5.01% at the time referenced in the analysis.
XRP Triple-Bottom Pattern Develops Near Long-Term Support
The chart traces XRP's historical price bottoms along an ascending support trendline. EGRAG Crypto pointed to a double-bottom formation established between 2020 and 2021, followed by a series of higher lows during the 2022–2024 period.
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| Source: EGRAG Crypto |
The latest structure extends into the projected 2026–2027 period, where the analyst sees the possibility of another double-bottom or triple-bottom formation. The ascending yellow trendline connects earlier support regions, while a descending resistance line extends from XRP's 2018 market peak.
These historical formations provide the technical basis for EGRAG Crypto's potential recovery scenario. However, the latest bottom remains a developing pattern rather than a confirmed reversal.
XRP Resistance Levels and Fibonacci Targets
Before the larger projections become relevant, XRP faces resistance around $1.40, followed by a more significant horizontal level near $2.3152, according to the analyst's chart.
A sustained move above those levels could strengthen the bullish technical outlook and provide a basis for the longer-term Fibonacci projections of $13, $17 and $27.
At the referenced price of $1.0562, a move to $13 would represent approximately 1,131% appreciation. Reaching $27 would require a gain exceeding 2,450% from that level.
EGRAG Crypto's projections remain conditional on a confirmed bullish reversal and subsequent breakouts. The analyst also cautioned that a weekly breakdown below the ascending support trendline could weaken the developing triple-bottom structure.
For now, the technical outlook centers on whether XRP can maintain its multiyear ascending support and overcome the identified resistance levels. The $13, $17 and $27 targets represent the analyst's potential scenarios, not confirmed future price outcomes.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.