Crypto analyst Egrag Crypto conducted a comparative study of Ethereum and XRP using Fibonacci methodology to assess future price levels for both cryptocurrencies.
Fibonacci in the Analysis of Ethereum and XRP
According to Egrag's calculations, the 1.618 Fibonacci extension level for Ethereum is projected between $7,700 and $8,000, while for XRP the range is between $27 and $31. The analyst questioned why some technical analysts acknowledge the Fibonacci target for ETH but ignore the same approach for XRP.
Market Structures and Charts
Egrag's charts display both ETH and XRP over a weekly timeframe. The ETH chart highlights a head-and-shoulders formation since 2018. For XRP, a long consolidation pattern after the 2018 peak is noted. Relevant Fibonacci levels that support long-term target estimates are identified for both assets.
Timing Considerations and Market Cycles
Egrag also remarked on broader market cycles, suggesting an extended cycle possibly running into 2028 with a potential bear market phase in 2026. He predicts a local peak may form in Q4 2025, indicating a more cautious but consistent approach to technical measurements.
Egrag Crypto's analysis highlights the different approaches to technical analysis that can lead to varying predictions. Both assets, ETH and XRP, show significant upside potential, necessitating a more consistent evaluation approach.
