A
crypto
analyst
has
boldly
predicted
a
significant
price
breakout
for
the
XRP
price,
setting
a
target
as
high
as
$7.5
despite
the
cryptocurrency
trading
below
$1
presently.
While
this
projection
may
seem
ambitious,
if
realized,
it
would
mark
new
all-time
highs
for
XRP,
decisively
ending
the
cryptocurrency’s
years-long
downward
trend.
XRP’s
Roadmap
To
$7.5
Price
Target
On
June
10,
a
crypto
analyst
identified
as
‘Egrag
Crypto’
took
to
X
(formerly
Twitter)
to
share
his
bullish
projections
about
the
XRP
price.
According
to
the
analyst,
XRP
is
poised
to
reach
a
critical
target
level
of
$7.5
before
the
start
of
2025.
He
expressed
a
strong
belief
that
the
XRP
price
will
potentially
break
the
“White
Triangle”
pattern
and
hit
a
measured
move
at
$1.5,
effectively
kickstarting
a
short
but
robust
upward
momentum.
Sharing
a
price
chart
of
XRP’s
movements
from
2020
to
2026,
Egrag
Crypto
illustrated
a
unique
triangle
pattern
which
emphasized
a
critical
Fibonacci
1.618
zone,
ranging
from
$6.5
to
$7.5.
X
The
analyst
revealed
that
this
Fibonacci
1.618
zone
was
a
key
resistance
area,
emphasizing
the
significance
of
this
range
as
a
prime
opportunity
for
profit-taking
by
investors.
Given
XRP’s
current
price,
a
rise
to
new
all-time
highs
may
seem
far-fetched
to
most
XRP
investors
who
have
consistently
experienced
the
cryptocurrency’s
long-term
price
stagnation.
Egrag
Crypto’s
bullish
projection
for
XRP
serves
as
a
beacon
of
hope
to
XRP
supporters
who
anticipate
potential
price
increases
for
the
cryptocurrency.
The
crypto
analyst
has
urged
the
XRP
army
to
remain
steady
and
patient,
emphasizing
that
XRP’s
breakout
might
follow
the
pump
of
other
major
cryptocurrencies
in
the
market.
“Trust
me,
all
we
need
is
for
other
coins
to
pump
before
XRP.
The
rotational
profits
will
pour
100%
into
XRP
because
it
is
the
BLACKHORSE
which
all
my
bets
are
on,”
the
analyst
stated.
Looking
further
ahead,
Egrag
crypto
has
also
projected
a
rise
to
mid-double
digits
for
XRP.
He
disclosed
that
if
XRP
manages
to
close
every
week
above
the
Fibonacci
1.618
level,
the
cryptocurrency
could
see
a
new
price
target
at
the
Fibonacci
2.414
and
2.618
levels.
These
levels
indicate
a
potential
bullish
surge
between
$25
to
$45.
Update
On
XRP
Price
Performance
Despite
Egrag
Crypto’s
bullish
outlook
for
the
XRP
price
during
this
cycle,
the
price
of
the
cryptocurrency
has
continued
to
spiral
downwards.
XRP
is
showing
a
disappointing
price
performance,
recording
a
2.15%
decline
in
the
last
24
hours.
The
cryptocurrency
has
been
consolidating
around
the
$0.5
price
mark
for
years.
At
one
point
this
year,
it
even
rose
as
high
as
$0.6,
witnessing
gains
as
the
volatility
in
the
crypto
market’s
volatility
calmed
slightly.
As
of
writing,
the
price
of
XRP
is
trading
below
$0.5,
experiencing
a
steady
decrease
in
its
value
from
the
previous
month.
The
cryptocurrency’s
price
is
currently
$0.48,
marking
a
substantial
6.61%
decline
over
the
past
seven
days,
according
to
CoinMarketCap.
Despite
the
bearish
performance,
XRP’s
trading
volume
is
surging.
The
cryptocurrency
has
seen
a
remarkable
80.02%
increase
in
its
24-hour
trading
volume,
underscoring
the
sustained
interest
and
demand
for
XRP
amongst
crypto
traders
and
investors.
price
below
$0.5
|
Source:
XRPUSDT
on
Tradingview.com
Featured
image
created
with
Dall.E,
chart
from
Tradingview.com
Go to Source
Author: Scott Matherson
