Cryptocurrency analyst EGRAG CRYPTO has noted significant strengthening of XRP against Bitcoin. The current technical formation highlights key Fibonacci levels that could signal substantial growth.
Technical Overview and Key Price Levels
The chart shared by the analyst outlines important resistance and support zones, marking Fibonacci retracement targets that could shape XRP’s trajectory. The first significant level is the 1.272 Fibonacci retracement at 0.000072 BTC, which translates to approximately $6.02 at Bitcoin’s current price of $83,545. Beyond that, the 1.414 level sits at 0.000095 BTC, around $7.94, while the 1.618 level reaches 0.00014 BTC, equivalent to $11.70. The highest outlined target is the 1.888 Fibonacci extension at 0.00023 BTC, placing XRP at approximately $19.22. These projections indicate a strong potential rally for XRP if the trend continues.
XRP’s Base Against Bitcoin
The provided chart shows XRP/BTC’s historical movements, highlighting major structural formations. The price has previously rebounded from similar zones, suggesting a cyclical pattern where XRP tends to rally after forming a base at lower levels. The asset formed the most recent base in late 2024, aligning with a recent report that notes XRP establishing a strong base against Bitcoin.
XRP’s Path Forward
For XRP to reach the projected targets, it must successfully break through the Macro Rejection Range and sustain momentum past the top macro range highlighted on the chart. While optimism is high, traders should monitor key levels closely. XRP is currently trading at $2.14, and if it holds above 0.000020 BTC ($1.67) and continues its upward trajectory, the higher Fibonacci targets could become realistic milestones.
In conclusion, XRP shows significant potential for growth; however, it must maintain the current momentum and hold above key support levels to achieve this.
