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XRP Kangaroo Phase Targets $27 to $222, as XRP Gears Up for Next Big Leap

XRP Kangaroo Phase Targets $27 to $222, as XRP Gears Up for Next Big Leap

CryptoNewsNetCryptoNewsNet2025/03/06 09:44
By:thecryptobasic.com

Amid the ongoing consolidation, XRP is showing signs of preparing for a major price surge, according to market analysts.

One prominent analyst, EGRAG, believes the asset is currently in what he calls the “Kangaroo Phase,” a period of consolidation before a significant breakout. According to him, XRP is setting itself up for “the next big leap,” pointing to several reasons why he believes so.

XRP Setting up for Next Big Leap: Here’s Why

Notably, one of these reasons is XRP’s ability to hold above a key support trend level. This stability has been bolstered by a successful retest of the Bull Market Support Band. He believes this retest is another factor contributing to the idea that XRP is positioning itself for an uptrend.

Additionally, EGRAG also sees the asset consolidating above the Fibonacci 0.888 level, a zone that often serves as a launchpad for strong upward movements. Currently, this Fibonacci level aligns with the $2.3 mark, with XRP now trading above the region amid its surge to $2.51. He noted that this also supports the claim of an imminent upsurge.

XRP 2W Chart | EGRAG Crypto

Another major reason he highlighted is that XRP is also ranging within a macro consolidation zone, which is the Fibonacci 1.0 region, a level that currently rests between $2.30 and $3.37.

In addition to this, XRP price is fluctuating between a zone he describes as noise, aligning with $2.00 to $3.40. As long as XRP remains within this level, there is no significant development in price action.

According to him, all this positioning confirms the theory that XRP is on the verge of an explosive run.

XRP Targets $27 to $222

Meanwhile, looking at potential future price action, EGRAG sees XRP’s next major breakout targeting levels between $8.50 and $13, based on Fibonacci extensions 1.272 and 1.414. However, his projection does not stop there. He also considers the Fibonacci 1.618 level, which points to a possible surge beyond $27.

For historical context, the analyst refers to XRP’s 2017 bull run. For context, during that cycle, the asset initially reached the Fibonacci 1.618 level before entering a consolidation phase, then making another parabolic move toward the Fibonacci 2.236 extension.

If history repeats, he believes XRP could rise anywhere between $27 and $222. Notably, this aligns with past performance and Fibonacci-based projections.

EGRAG also addressed concerns about XRP’s market cap, a common argument among skeptics who doubt such high price targets. He dismissed these concerns, arguing that traditional market cap calculations don’t fully account for utility-driven assets like XRP.

XRP Short-Term Price Action

Meanwhile, another analyst, Dom, discussed XRP’s short-term price action. He has been closely monitoring the asset’s positioning relative to key volume-based technical indicators.

Three days ago, he highlighted that XRP is trading above two major levels: the multi-month Value Area High (VAH) and the all-time high (ATH) VWAP. These levels are historically important and often dictate price movements.


XRP 6h Chart | Dom

Dom noted that a retest of these important levels would be healthy for the asset. However, he also pointed out a major obstacle, as strong sell walls lie between $3.00 and $3.50.

He believes breaking through this range will require significant bullish momentum, and he wouldn’t be surprised if XRP takes some time to consolidate and refuel before attempting to overcome this resistance.

Notably, in his latest update, Dom reiterated that the key objective for bulls is to reclaim the orange VWAP bands, which he has been tracking for two months. This region is also aligned with the quarterly VWAP, adding to its significance.

Over the last day, XRP’s price has stalled around this level, confirming its importance. According to Dom, the lower bound of the current trading range sits at $2.20, while these VWAPs form the upper boundary. At press time, XRP changes hands at $2.51, up 2.81% in the past 24 hours.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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