Is XRP Really Gonna Hit $27? You Won’t Believe What This Expert Thinks! 🤯

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Well now, gather ’round, folks! It seems our dear XRP has been lounging below the lofty psychological threshold of $3 since the frosty days of January. But lo and behold, one crypto oracle, with a flair for the dramatic, claims it could leap to a staggering $27 if the Securities and Exchange Commission decides to play nice and approves those spot ETFs. Ain’t that a hoot? 🤔

As of this fine Monday, June 9, Ripple (XRP) was trading at a modest $2.25, which is a sprightly 9.35% above its monthly low and a whopping 40% above its year-to-date low. Talk about a comeback! 🎉

Now, let’s not get too carried away, but XRP has two shiny catalysts that might just send its price soaring like a kite in a summer breeze. First off, the odds of the SEC giving a thumbs-up to a spot XRP ETF have shot up to a remarkable 87% on Polymarket. This little spike is thanks to the SEC showing a bit more love for crypto under the watchful eye of Paul Atkins. Who knew the SEC could be so generous? 😏

If that ETF gets the green light, we could see a flood of cash pouring in. JPMorgan is even predicting a staggering $8 billion in the first year alone! But hold your horses, there’s a catch: the market might have already baked that approval into the cake, which is expected to be served by October. 🍰

Secondly, Ripple Labs is on a mission to become the heavyweight champion of cross-border payments, teaming up with banks and other enterprises. CEO Brad Garlinghouse is convinced that once the SEC lawsuit is put to bed, they’ll be shaking hands and making deals with American companies faster than you can say “cryptocurrency.” 🤝

But wait! There’s a spanner in the works. Circle has waltzed in as a formidable rival with its Circle Payment Network, connecting banks and businesses like a well-oiled machine, allowing payments to settle in the blink of an eye. Talk about competition! 🏁

Crypto pundit sees XRP price hitting $27

Now, one crypto sage with a following of over 84,000 on X believes XRP will skyrocket from $2.26 to a jaw-dropping $27 post-ETF approval. He’s waving around a bullish pennant formation on the monthly chart and a fancy technical setup called the “guardian arch,” which sounds like something out of a fantasy novel, using the 21-period EMA and 33-period SMA to predict future price levels. Who knew math could be so magical? 🧙‍♂️

#XRP – The Guardian Arch ($20-$27): Key Targets and Strategy

By now, you should understand what I mean about targeting double digits. But please, I urge you, don’t wait for just one target to sell. Always take profits rationally and set clear, specific targets. I can’t stress…

— EGRAG CRYPTO (@egragcrypto) June 9, 2025

Now, if XRP were to hit that $27 mark, we’d be looking at a market cap ballooning to a staggering $1.9 trillion—now that’s a tall tale if I ever heard one! For comparison, that would imply a $30 trillion Bitcoin market cap if the current BTC-XRP ratio holds. Good luck with that! 😂

XRP price short-term target

The daily chart reveals that XRP has taken a little tumble from its year-to-date high of $3.40 down to $2.2592. The token is now consolidating near the 50-day and 100-day moving averages, while the Average True Range has dropped to its lowest point since November 29, signaling a lull in volatility. 💤

But beware, dear reader! The biggest technical risk for XRP is the formation of a descending triangle pattern, with key support at $1.9255. A break below that level could spell trouble, potentially sending the price plummeting below $1.00. Yikes! 😱

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2025-06-09 19:21