Crypto Egrag Crypto analyst (@egragcrypto) described short and long -term trajectories for XRP, to identify potential increase targets which vary from $ 4 to $ 6 in short term to $ 33 to $ 60 long term. The shared graph is focused on historical resistance levels, fibonacci extension points and multi -phase parabolic arc formation.
XRP Eyes $ 6 – But this key level is maintained on the way
Crypto Egrag graphic shows XRP negotiating almost $ 2.67, leaving a notable upward overvoltage, but now with a red horizontal strip between around $ 2.75 and $ 3.00. The limit greater than $ 3.00 maintains a double meaning: it marks a psychologically significant level and also corresponds to a critical area from previous cycle peaks. A monthly fence above this line would strongly suggest a bullish continuation, potentially preparing the ground for a movement towards the next brands of Fibonacci extension.
“The current XRP price action is negotiated at $ 2.67, showing a strong decision raised but faced with resistance in the red horizontal area (~ $ 2.75 – $ 2.83 – $ 2.910 and $ 3.00 ), “Says Egrag. The analyst highlights in particular FIB 1.414 almost $ 4.30 and FIB 1.618 around $ 6.40 as the following barriers if $ 3.00 is decisively broken. A wave of volume would strengthen the optimistic case And provide additional confirmation for the race to take place.
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The non-timeless $ 3.00 could however release a correction in the support region of $ 1.90 to $ 2.00 identified by the closing of previous candles. Egrag Crypto notes that if $ 1.90 does not hold, a more extensive drop to $ 0.90 to $ 1.00 could ensue, which the label analyst as potential Script “Black Swan” Probably motivated by wider market disorders rather than a specific XRP weakness.
Egrag writes: “The break of $ 1.90 could transform the feeling to Bearish, introducing risks downwards for the range from $ 0.90 to $ 1.00. This would signal a potential black swan event on all markets! Such a collapse would be a difficult prelude before the ignition phase for XRP. Honestly, I do not favor this scenario, because it would be stressful for all of us, including many OGs. Could the next audit of Fort Knox be the catalyst for this black swan. »»
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In the long term, the graph presents three radical parabolic arches – yellow, green and colorful blue – which suggest that XRP can build a large -scale bullish structure. The price lenses in the range of $ 33 to $ 60 reflect these arches and channel extensions, although many depends on the monthly fence greater than $ 3.00.
Beyond the level of $ 6.40 to FIB 1.618, Egrag Crypto identifies additional control points related to Fibonacci, such as $ 8, $ 13, $ 27 and $ 67 (FIB 1.888). These higher levels would remain speculative until XRP erases the closest obstacles and demonstrates an influx of stable volume and the price structure. “Confirmation of the volume and the momentum would be crucial in the[se] phases to come, ”he adds.
Although the long -term path depends on technical eruptions, Egrag Crypto stresses that short -term movement around $ 3.00 will be essential to set the tone. A successful break above Resistance could confirm the targets In the $ 4 to $ 6 window, and finally open the door to the noble parabolic objectives.
At the time of the press, XRP exchanged $ 2,6198.
Star image created with dall.e, tradingView.com graphic
