- The analyst says XRP could also drop suddenly to $0.28 before bouncing to $0.41.
- EGRAG CRYPTO says XRP’s current scenario presents challenges and also a generational buying opportunity.
- According to EGRAG CRYPTO, XRP must overcome upper targets between $0.60 and $1.3 to validate a bullish trend.
According to the crypto analyst posting as EGRAG CRYPTO on X (formerly Twitter), XRP must overcome upper targets between $0.60 and $1.3 to validate a bullish trend. EGRAG CRYPTO believes a weekly close above significant levels within that range would signify robust support and a continued upward trajectory.
The analyst used custom indicators on a historical XRP/USD chart to explain his position. He identified potential long-term outcomes for XRP depending on how the price develops at critical points.
XRPUSD Chart (Source: TradingView)
In the shared image, EGRAG CRYPTO explained that XRP could crash suddenly if the Blue Channel aligns with the Red Channel. According to him, that could lead the price to drop to $0.28 before bouncing to $0.41. He considers the lower boundary of the Blue Channel resilient, judging from the consistent higher lows formed around …
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