Expert sets XRP path to $27 target for this cycle’s blow-off top

XRP is currently recovering from the recent market dip, and technical indicators suggest the asset might be gearing up for a potential 1,000% surge in the current ￰1￱ to pseudonymous crypto analyst ChartNerd , this bullish outlook is based on six-month candle formations, which indicate that XRP has not yet entered a bearish ￰2￱ an X post on October 19, the analyst noted that technical projections based on Fibonacci extension levels point to a progressive rally ￰3￱ price analysis chart.) sees minimal growth and Bitcoin ( BTC ) maintains its current ￰4￱ reach these levels, XRP will likely need support from broader market sentiment and institutional capital inflows, particularly if ￰5￱ approve spot exchange-traded funds ( ETFs ).

Whales investors on the edge In the short term, the asset has faced volatility, putting investors on edge. Notably, data shared by Ali Martinez on October 20 indicated that whales have shown little trading activity over the past two ￰6￱ holding between 100,000 and 10 million XRP have remained largely inactive, signaling uncertainty among major investors. ￰0￱ Historically, whale accumulation has preceded price recoveries, while heavy sell-offs indicate ￰7￱ current pause suggests a wait-and-see approach, likely awaiting clearer market or regulatory signals amid Ripple’s ongoing ￰8￱ ￰9￱ price analysis By press time, XRP was trading at $2.46, up over 3% in the past 24 hours, though it has fallen more than 5% on the weekly ￰10￱ seven-day price chart.) at $2.84 and the 200-day SMA at $2.62.

This positioning signals a persistent bearish trend, as price action below these key moving averages suggests sustained selling pressure and waning market momentum. Meanwhile, the 14-day Relative Strength Index ( RSI ) sits at 36.05, just above the oversold threshold of ￰11￱ indicates that while bearish momentum dominates, selling pressure has not yet reached extreme ￰12￱ image via Shutterstock