Analyst EGRAG Confirms: XRP Still Contains a Historic Surge

XRP has recently experienced significant volatility, dropping to $2.69 before stabilizing around $2.79. This is the lowest level since July, causing instability within the community. Some long term investors have publicly questioned whether this token can maintain its value, and some have even hinted that they may reduce position if the price does not improve. Despite these concerns, market analyst EGRAG still asserts that the overall bullish trend has not been dismissed. In a recent update, he presented three technical arguments supporting the view that XRP still has the potential for further price increases. Three Technical Signals Support Price Increase According to EGRAG, the structure of XRP on the monthly chart continues to show strength. First, he emphasizes that the candle pattern of this token remains intact, indicating that the market has not been structurally broken. Secondly, he noted that the price has continuously maintained above significant Fibonacci retracement levels. In particular, the $1.99 area has acted as a reliable foundation that has not been broken, reinforcing its strong support role. On Tuesday, EGRAG Crypto pointed out the position of XRP compared to the (EMA) 21-period exponential moving average. Staying above this long term indicator is often seen as a positive sign that growth momentum is being maintained, and so far XRP has managed to maintain this level. If these three conditions are not met, analysts believe that declaring the end of the bull run is premature.

XRP Price Target And Long Term Expectations Moreover, EGRAG predicts that XRP has some potential price increase thresholds. In the short term, he expects this token to test the $3.90 level, a new all-time high that aligns with the Fibonacci extension level of 1.272. From the current level, this move would require an increase of about 40%. In addition, he identified $9.22 as another target, corresponding to the Fibonacci extension level of 1.618, implying a more than 200% increase. However, for the current cycle peak, his forecast is significantly higher. He suggests potential price ranges of $18, $23, and $46, corresponding to increases of 542%, 721%, and 1,543%, respectively. Broader Market Outlook Other analysts also share a similar optimism. Market commentator Matt Hughes (The Great Mattsby) emphasized XRP's performance in the Gann Fan model on the weekly timeframe, noting that this asset has successfully reversed previous resistance zones, such as $0.50 to $1.00 and the 2021 high of $1.96, into strong support zones. He also highlighted the importance of the $3.00 threshold, describing it as a crucial level that could pave the way for a stronger breakout when firmly established. In addition, macro investor Raoul Pal has described XRP as being in the process of shifting capital flows away from Bitcoin, reinforcing the view that this asset could continue its upward trend. Mixed Investor Psychology Despite the technical optimism, community sentiment remains divided. Crypto influencer Bitlord recently expressed disappointment, stating that he might liquidate his holdings if the price returns to $2. His comments reflect the common concern of holders, who feel that this asset has yet to deliver on the long-term promise of creating significant wealth. However, XRP's performance over the past year has remained very strong. With the current price at $2.80, this token has increased by more than 410% compared to the same period last year, making it one of the best-performing altcoins during that time. Although short-term fluctuations have led to instability, analysts like EGRAG and Hughes continue to argue that XRP maintains a positive technical outlook. As long as this asset holds key support levels and remains above important indicators, they believe that the conditions for a continued bullish trend are present.