Analyst Says XRP Is Set for 5,300% Rally After Spotting This Bullish Signal
2025-07-06 06:01:05
Main Idea
Analyst EGRAG CRYPTO predicts a 5,300% rally for XRP based on a confirmed bullish breakout from a multi-year chart formation, with a projected target price of approximately $120.
Key Points
1. EGRAG CRYPTO's analysis highlights a breakout from a large-scale formation spanning 2017-2025, suggesting significant upside potential for XRP.
2. The measured move target projects a price of around $120, representing a 9,000% increase from the breakout point.
3. Fibonacci extension levels include $9.13 (1.272), $15.05 (1.414), and $30.71 (1.618), based on XRP's 2017 low to 2018 high move.
4. The chart shows a breakout followed by a retest phase, with XRP trading just above the $2.2 support level at the time of analysis.
5. The analyst remains optimistic about the breakout's potential, referring to the target as 'Bellissimo' (very beautiful).
Description
While the broader crypto market remains volatile, some analysts are closely tracking long-term technical structures that have quietly unfolded over the years. A prominent member of this group is EGRAG CRYPTO (@egragcrypto), who has posted a detailed chart analysis focusing on XRP’s large-scale formation, one he believes has recently confirmed a significant breakout. XRP Key Targets EGRAG CRYPTO’s chart depicts a completed symmetrical triangle pattern on XRP’s monthly chart. This structure, spann...
Latest News
- XRP Stern Critic Predicts 900,800% XRP Price Rally2025-07-06 12:13:26
- Standard Chartered Drops Bombshell On Ripple (XRP) and SWIFT Use Cases In Payment2025-07-06 11:12:54
- XRP (XRP) Stuck at $2.092, Down 4.12% Last Week, Why Smart Money Is Eyeing This Altcoin2025-07-06 10:09:36
- XRP Likely Price if Bitcoin Hits $21 Million As Michael Saylor Predicted2025-07-06 09:12:00
- ChatGPT Sets XRP Price for July 31, 20252025-07-06 08:04:28