XRP Price Breakout: Analyst Sees Targets at $6.40 and $30
Egrag Crypto, an experienced analyst, has identified a crucial moment for XRP holders. The macro retest of a multi-year symmetrical triangle pattern is underway, with the price testing whether the breakout holds.
The key support zone to watch lies between $0.85 and $0.88, where several important levels converge, including the lower triangle boundary, the White Bridge level, the monthly 111 EMA, and the projected breakout retest.
Egrag Crypto's targets are ambitious: $6.40 represents the first major measured-move level following the triangle breakout, while $30 is the full macro measured move, but only if XRP confirms acceptance above previous highs.
A wick below the $0.85 to $0.88 zone would not automatically invalidate the structure, but monthly closes below it would significantly weaken the setup.