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Crypto

XRP Analyst Sets Bull Market Target at $6.40

Guavy AI Editorial Team
Instruments
XRP
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XRP price has been trading at $1.06 on Tuesday and is retesting a monthly support level, according to cryptocurrency analyst Egrag Crypto.

Egrag Crypto has set his first major target for XRP during the next bull market as $6.40, which would represent a potential 503.77% upside from current levels.

The analyst highlighted that XRP price has finally retested a breakout from its multi-year symmetrical triangle but noted that there is a risk of a drop below $1 to its support level around $0.88 if the upper border fails to hold.

Egrag Crypto also identified key resistances for XRP price, including reclaiming the liquidity zone near $1.23 as support to trigger a rally to $1.65.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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