According to his analysis, a daily close above $2.22 for three consecutive sessions could trigger a strong upside move.
The chart shows a downward-sloping resistance trendline holding XRP in consolidation since early 2024. As price action coils tighter, EGRAG points to a cluster of breakout targets above the $2.22 threshold:
He emphasizes that the current structure remains constructive and that XRP’s bullish potential grows stronger if support at $1.90 holds firm.
Macro View: Cycle 3 Targets $29 and $46
Zooming out, EGRAG’s second chart places XRP in what he calls Cycle 3, following the historical price behaviors of two previous macro cycles. In both Cycle 1 (2014–2018) and Cycle 2 (2018–2021), XRP underwent a two-phase rally: an initial surge followed by consolidation, and then a second, more aggressive move upward.
According to this cyclical pattern, Cycle 3 is now approaching its explosive second leg, and EGRAG sets ambitious long-term price targets:
- Primary Target: $29
- Extended Target: $46
These targets reflect a potential 10x to 20x gain from current levels if the market structure plays out similarly to prior cycles.
Conclusion: Technical and Historical Patterns Align
EGRAG Crypto’s analysis combines short-term technical triggers with macro market cycles, painting a bullish roadmap for XRP. The near-term focus remains on the $2.22 breakout signal, but the broader vision suggests a parabolic run may unfold by July, with price projections reaching as high as $46.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/xrp-price-breakout-may-be-near-says-top-expert-bold-targets-set-at-29-and-46/