#Crypto Market Rebound#   XRP price is preparing for a major breakout: Target is $27, according to analysts.

XRP has been stuck in a narrowing range for the past three months.

The analyst says that the consolidation in the XRP price may end next month.

The XRPUSD pair needs to establish $2.40 as support to continue its uptrend.

The XRP (XRP) price has been stuck in the $2.00-$2.40 range for the past 90 days, with investors trying to predict where it will move next.

XRPUSD has been moving sideways since it fell back from its multi-year high of $3.40, which it reached on January 16, and its attempts to break out of this range have failed repeatedly.

Some analysts say the altcoin is preparing for a major breakout that will take it to double-digit prices, but the real question is when XRP will break out of this consolidation.

When will the XRP price breakout?

According to crypto analyst Egrag , the XRPUSD pair could be preparing for a major upward move this summer.

“The XRP breakout is coming,” the analyst said in a post published on June 24, adding that XRP’s price action has formed a large symmetrical triangle on the monthly timeframe, and that he expects a major breakout in the next few months.

Egrag explained that such formations usually end somewhere between 75 percent and 95 percent of the pattern’s total duration.

In this case, XRP has been consolidating inside the symmetrical triangle for 334 days. Based on past price behavior, EGRAG calculated two possible breakout timings: 75 percent of 334 days, 251 days, points to early July 2025. 95 percent, 317 days, points to mid-September 2025.

“This suggests that the breakout could occur anytime between early July and mid-September 2025. Be careful!”

The chart by Egrag Crypto also includes important Fibonacci extension levels around the symmetrical triangle, setting a price target for XRP between $8 and $27.

A growing number of analysts are betting that XRP’s next move will be bullish as the bears have failed to make new lows.

“XRP under $2 is incredibly cheap. Bookmark this post, check back in 6 months,” DustyBC wrote, hinting that the token could trade much higher in the next half year.

Mikybull, on the other hand, suggested that XRP could soon break out of the symmetrical triangle structure and make a similar rally to 2017, targeting $14.

XRP bulls need to reclaim $2.40

XRP’s upside potential is part of the 15% recovery from the local low of $1.91 to $2.21, which was reached on June 24.

XRP bulls are focused on breaking the resistance zone between $2.22 (100-day simple moving average (SMA) and $2.40 (200-day SMA).

A close above this level could facilitate a return to $3.00 or a seven-year peak above $3.40.

As previously reported, a clear break above $2.22 (100-day SMA) would invalidate the bearish structure that threatens to take the XRP price to $1.18.

Popular XRP analyst CasiTrades noted that despite the “momentum is back” statement, the price needs to breakout of two major resistance levels: $2.25 (.382 macro correction) and then $2.69 (.236 correction).

“These are important macro levels and the strong breakout confirms that this is a true trend reversal and not just a local reaction!”