Recent analysis by expert EGRAG presents growth prospects for XRP, highlighting key support and resistance levels.
Overview of the Current XRP Market Situation
EGRAG's analysis indicates that for XRP, a daily close above $2.22 for three consecutive sessions could trigger strong upside movement. A downward-sloping resistance trendline has held XRP in consolidation since early 2024. The expert points to possible breakout targets above $2.22: $2.36, $2.65, and $3.10. He emphasizes that the current structure remains constructive, and XRP’s bullish potential grows stronger if support at $1.90 holds firm.
Cycles and Price Targets for XRP
EGRAG's second chart places XRP in what he calls Cycle 3, following the historical price behaviors of two previous macro cycles. According to this cyclical pattern, Cycle 3 is now approaching its explosive second leg. EGRAG sets ambitious long-term price targets: Primary Target: $29, Extended Target: $46. These targets reflect a potential 10x to 20x gain from current levels if the market structure plays out similarly to prior cycles.
Conclusion: Analysis and Forecasts
EGRAG's analysis combines short-term technical triggers with macro market cycles, painting a bullish roadmap for XRP. The near-term focus remains on the $2.22 breakout signal, but the broader vision suggests a parabolic run may unfold by July, with price projections reaching as high as $46.
EGRAG's analysis, based on technical and historical patterns, indicates potential growth for XRP in the coming months. Investors and analysts are focused on key levels that could dictate future price movements.
