XRP Trades Near $1.50 as Top Analyst Signals Key Retest Targets

XRP's price has been hovering around $1.50 on its weekly chart, according to independent analyst EGRAG CRYPTO.

EGRAG CRYPTO sees XRP at a crucial point and shared a technical chart outlining mid-term and long-term targets from $1.64 up to $8.22.

The analyst's four-step approach, which includes cycle, breakout, structure, and retest, was applied to the XRP weekly chart, indicating that the breakout phase has ended and a retest is underway.

EGRAG CRYPTO mentioned various scenarios possible in the coming weeks, including another low, a higher low, or price consolidation within a bull pennant formation.