The recent rise in XRP’s price is generating active discussions within the crypto community. Analyst EGRAG CRYPTO suggests that XRP could reach $30 based on technical analysis and historical data.
Technical Analysis of XRP
A symmetrical triangle pattern is forming on XRP's monthly chart, spanning from 2018 to 2025. This pattern typically indicates a consolidation phase before a breakout. The analyst believes XRP is nearing the apex of this triangle.
Projected Price Levels
The first target in the analysis is set at $3.32, corresponding to a retest of the all-time high. The second target is $32.36, reflecting a potential 2,600% increase from the breakout point. Support levels are expected at $0.72, $0.52, and $0.30, which could be significant if the price of XRP pulls back.
Conceptual Model and Forecast Confirmation
The model presented by EGRAG CRYPTO visualizes a breakout from a symmetrical triangle with two upward targets. The analyst emphasizes that the current structure mirrors historical trends, with confidence highlighted by the quote: 'Men lie, women lie, but charts don’t lie.'
Analysts' forecasts are based on historical data and technical analysis. It's essential to consider market structure and volume when forming opinions about future prices.
