XRP Eyes Major Breakout: Will It Conquer ‘The Chasm’?
Main Idea
XRP is approaching a pivotal moment with potential for a major breakout if it surpasses key price levels, while its market dominance remains a critical factor for sector leadership.
Key Points
1. XRP must break above $3.65 to confirm a bullish pennant formation and unlock higher price targets, with potential long-term projections up to $34.63.
2. XRP's market dominance is currently below 6.5%, and analysts suggest it needs to surpass 10% to assert leadership in the crypto sector.
3. Fibonacci targets for XRP's market cap expansion include $308 billion, $488 billion, and $946 billion.
4. If XRP fails to maintain above $3.65, a retracement toward $2.60–$2.90 may occur, though current volume and trend structure remain supportive.
5. XRP's historical cyclical surges suggest potential for significant price explosions following confirmed breakouts, with key milestones at $9.41 and $11.27.
Description
XRP must break above $3.65 to confirm bullish pennant and unlock higher targets Fibonacci targets hint at XRP surging to $34.63 if macro trend aligns with momentum Market dominance under 6.5% may hinder XRP’s institutional appeal and sector influence XRP’s market behavior is under the spotlight once again, as recent analysis from crypto strategist EGRAG CRYPTO suggests the digital asset is approaching a pivotal moment. With “Cycle 3” of XRP’s historical price behavior now unfolding, analysts are...
Latest News
- Arthur Hayes Bets on ‘Internet Status’ Over Tech in the Punks vs. ETH Trade This Cycle2025-07-23 16:27:13
- Goldman Sachs, BNY Mellon Team Up on Blockchain for Money-Market Funds2025-07-23 16:04:39
- Here’s How Star System Labs Is Building Real Infrastructure Utility for Memes Coins2025-07-23 15:43:16
- MICAR-Compliant Tokenforge Introduces Utility Token TKFG2025-07-23 15:21:13
- CoinDCX CEO Vows a “Stronger” Comeback and Launches a 25% Bounty2025-07-23 14:55:36