EGRAG CRYPTO Predicts XRP Breakout to $6.40, $30 Target
Market analyst EGRAG CRYPTO believes XRP has reached a critical juncture after breaking out of a multi-year symmetrical triangle. This breakout could determine whether the asset resumes its long-term bull cycle.
The analyst argues that defending key support and reclaiming critical resistance levels could propel XRP toward $6.40, with a long-term target of $30 if the broader structure remains intact. The most critical support zone sits between $0.85 and $0.88, which converges with several other technical areas.
EGRAG CRYPTO noted that while a brief dip below this range would not invalidate the bullish setup, sustained monthly closes beneath it would significantly weaken XRP's long-term outlook. The analyst also identified the monthly 21 EMA as the next major confirmation level, and reclaiming $1.23 to $1.65 would signal that the recent correction has run its course.