XRP is getting close to a crucial level, and experts expect an upcoming breakout. Analyst EGRAG CRYPTO tweeted that XRP is likely to swing s in price during the next 15 to 30 days.
Complementing a thorough chart, the tweet highlighted important levels of support and resistance, therefore suggesting possible price targets for the short and long terms. EGRAG CRYPTO’s analysis focuses on two key triangular formations on XRP’s price chart: a larger yellow triangle and a smaller white triangle.
The yellow triangle, which represents long-term consolidation, is formed by two major trend lines known as the Atlas Line (support) and the Genuine Wake-Up Line (resistance). As XRP’s price continues to move within this formation, it is drawing closer to a breakout point.
Within this broader pattern, the white triangle signals shorter-term consolidation. This smaller triangle is expected to resolve in the next 15 to 30 days, with a potential breakout occurring before the yellow triangle’s apex is reached. Both formations suggest that the price pressure is building, making a decisive price movement likely in the coming weeks.
What you'll learn 👉
Breakout Levels and Price Targets
The chart shared by EGRAG CRYPTO outlines several potential price targets for XRP, starting with an initial breakout target of $0.6112, which aligns with the resistance level from the white triangle formation.
Should the price successfully break through this resistance, XRP price could rally. The token could rally toward mid-term targets around $1.4679, a level associated with past price highs.
For long-term investors, the analyst projects a possible target of $7.50, based on a 1.618 Fibonacci extension level. While this target would likely require sustained bullish momentum and multiple breakouts, it underscores the potential for gains if XRP maintains its upward trajectory.
In terms of timing, EGRAG CRYPTO notes that XRP has a maximum of 70 days to reach the apex of the larger yellow triangle. However, with the smaller white triangle nearing its conclusion, a breakout within the next 15 to 30 days is highly probable.
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Market Sentiment and Community Support
EGRAG CRYPTO’s analysis has sparked interest within the XRP community, with many traders closely monitoring the chart for potential entry points. Additionally, the analyst’s conviction in an imminent breakout has also been echoed by members of the #XRPArmy.
With the price approaching key resistance levels, the pressure for a breakout builds. Besides, with market participants eager to see whether XRP will follow through on the predicted move.
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