Peter Smith
⬤ A well-known market analyst recently doubled down on his XRP forecast, calling it "The Power of 27X." Referencing a report from September 2023, the analyst noted that "the vision remains intact, and the math still screams multiple X's is coming." The renewed confidence suggests XRP could be gearing up to repeat its historic growth cycles.
⬤ The chart shows XRP on a monthly timeframe, revealing a consistent pattern: long stretches of accumulation followed by explosive rallies. Past cycles produced gains of 3×, 2×, 14×, and 8×—averaging around 6.75× per move. The current accumulation phase has lasted 95 months, the longest in XRP's history, which could mean a major breakout is near if the pattern repeats.
⬤ The projection targets around $27, which would represent a 6,750% gain from XRP's current price near $2.40. However, this outlook is based on historical patterns, not fundamentals. Regulatory uncertainty, shifting market conditions, or prolonged consolidation could delay or derail the move. If XRP can't push past the key $3 resistance level, the bullish case weakens significantly.
⬤ The analyst emphasized patience, writing, "Stay steady and strong—together we rise, and soon we shall fly so high." That message resonates with the XRP community, which has endured years of legal battles and sideways price action. For now, traders are watching to see if this cycle plays out like the ones before it—and whether the Power of 27X could deliver one of the biggest rallies in XRP's history.
Peter Smith
