Analyst Says $3.65 XRP Price Is the Valhalla Gate Key to This Double-Digit Level

Key Points

1. Egrag Crypto's analysis divides XRP's price history into three macro cycles, with the current cycle potentially seeing a mid-cycle top rather than a peak.

2. The $3.65 level is seen as a significant technical and psychological breakthrough, with a breakout potentially leading to substantial price surges.

3. Technical indicators such as the 9-period Simple Moving Average (SMA) and a bullish pennant formation suggest a highly bullish outlook for XRP.

4. Price targets include an aggressive scenario of $23 and a conservative projection of $12-$15, contingent on sustaining a breakout above $3.65.

5. As of the report time, XRP is trading at $2.94, with analysts noting its potential amid expanding regulatory clarity in major jurisdictions.