Crypto analyst EGRAG predicts XRP could surge to $27, based on a Fibonacci Channel analysis. This forecast hinges on XRP achieving half of its 2017 bull run performance. Key to this rally is breaking above the $0.75 resistance level, which could clear the path to $27, aligning with the 0.618 Fibonacci level.

Despite this bullish long-term view, XRP currently faces short-term challenges. The daily chart shows it trading below the upper band and the 21-day moving average, signaling a bearish phase. The Stochastic RSI also indicates a potential oversold condition, suggesting a possible short-term correction.

Experts predict an average XRP price of $0.66 by the end of 2024, with highs up to $1.50. Ripple's fundamentals remain strong, despite the SEC's looming appeal. Currently, XRP is priced at $0.5633, down 1.72% in the last 24 hours, with trading volume down 7.47%.