Crypto analyst EGRAG CRYPTO (@egragcrypto) has presented a compelling projection for XRP, illustrating its potential to achieve significant price levels based on current market conditions.
His analysis highlights two key price targets for XRP: $7.5 and $13, contingent on the cryptocurrency’s ability to overcome critical resistance levels.
Using detailed chart analysis, EGRAG CRYPTO suggests XRP is in a strong position to experience a substantial rally. In his recent analysis, he marked a Cloned Measured Move and a Channel Measured Move, showing the path XRP could follow to reach these targets.
The critical levels identified on the chart align with historical price patterns and technical indicators, reinforcing the credibility of the analysis.
#XRP Measured Move"$7.5" or 475% Pump "$13":
Choose Wisely #XRPFamily Together We Rise pic.twitter.com/LAeNv2W3WU
— EGRAG CRYPTO (@egragcrypto) January 18, 2025
The analysis emphasizes that XRP must surpass a crucial resistance level to embark on its upward trajectory. EGRAG CRYPTO once asserted that breaking the resistance at $4 could propel XRP to $13 or $15 , a scenario he expects to occur by March 10.
How Can XRP Reach Its Targets?
At the time of his analysis, XRP was at $3.124 and has risen slightly to its current price of $3.24. While the lower target of $7.5 is less aggressive, it represents a significant surge of 141.5% from its current price.
To reach this target, EGRAG CRYPTO believes the digital asset can replicate the performance that has brought it to its current level. In mid-2024, XRP tested the bottom of the upward channel shown on the chart when it fell to $0.3911.
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The digital asset began a slow buildup and became a rapid rally in early November. In December, XRP breached the $2 level for the first time since 2018, and a few days ago, it broke through the $3 barrier, reaching a multi-year high of $3.39.
EGRAG CRYPTO highlighted this as the Channel Measured Move which helped the asset break out of the ascending channel. He expects the digital asset to repeat this performance with the Cloned Measured Move, and reach the $7.5 target.
However, the asset could experience further gains, and the ultimate target for this analysis is $13. Both scenarios reflect growing optimism among XRP investors, especially given the broader developments in the cryptocurrency market and XRP’s ecosystem.
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC) is leaving his position on January 20, the day of Donald Trump’s inauguration as president. Trump has nominated a prominent pro-crypto personality to replace Gensler, and as a prominent crypto influencer stated , “All boats rise after Gensler.”
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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