XRP is approaching a significant historical moment after 4383 days in the market. Analyst Egrag Crypto highlights key changes in the current cycle of the cryptocurrency.
First-Ever Close Above $2 on the Two-Month Chart
Egrag Crypto noted that XRP may close a full two-month candle above the $2 level for the first time. This closure is expected to reflect strength across a higher timeframe.
Cycle Targets and Fibonacci Levels
The analyst outlined price targets based on Fibonacci extensions, which remain unchanged: 1.272 extension around $8, 1.414 extension near $13, and 1.618 extension around $27.
Chart Details and Long-Term Structure
The XRP/USD chart reveals key levels, showing that the asset has developed within this structure for 4383 days, emphasizing the importance of the moment.
XRP is on the cusp of reaching a new historic level, with a predicted close above $2 over the next six days of the current two-month candle, marking a pivotal point for price advancements.
