Analyst EGRAG Crypto noted that XRP is breaking out of a key descending channel, aligning with previous predictions.
Chart Dynamics
The 4-hour chart showcases price action that had been compressing inside a descending channel while forming an ascending triangle. This powerful combination often precedes strong upside moves. XRP repeatedly tested the upper resistance of the channel before surging higher, confirming EGRAG's roadmap.
Confirmation from Live Market Data
Real-time market feeds indicate XRP recently traded above $3.00, aligning with EGRAG's breakout narrative and strengthening his case for a short-term target near $3.12. Clearing the $3.10–$3.40 region could pave the way for a more extended rally if buying pressure remains robust.
Supportive Market Environment
This breakout occurs amid improved risk appetite in the crypto market. Analysts report increased institutional participation and higher intraday volumes, creating deeper liquidity for altcoins like XRP.
EGRAG Crypto's analysis has unfolded with striking precision. Traders and investors now have a clearly defined roadmap: maintain key supports and watch the breakout develop.
