Analyst EGRAG CRYPTO has released a bold new projection for XRP, highlighting the coin’s current position outside the Gaussian Channel on the weekly chart as a pivotal signal for what could become a multi-fold rally—with price targets between $9 and $10 during the next Elliott Wave leg.
But the bullish scenario comes with a critical warning: a close inside the Gaussian Channel could break the cycle’s momentum, pulling XRP into a prolonged sideways drift.
XRP and the Gaussian Channel: Holding the Line Above $1.75
EGRAG points out that XRP is currently trading above the Gaussian Channel’s upper boundary, set near $1.75. While this is a bullish signal, dipping back into the channel could act like quicksand, threatening to end the current uptrend.
“As long as we don’t close inside the Gaussian Channel on the weekly chart, we’re still in a bullish consolidation phase,” EGRAG noted.
The analyst warns that if XRP fails to launch in July, the historical pattern from the 2017 cycle consolidation may no longer apply. In that case, the coin could drift for 70–110 days, shifting the macro structure entirely.
21-Week EMA: The Bull-Bear Battleground
The 21-week EMA plays a key role in identifying trend strength:
- Closing below it is bearish, though minor deviation is viewed as macro consolidation.
- Full weekly candle closures above it, on the other hand, represent strong bullish momentum.
EGRAG highlights $2.33 as the immediate resistance, with a break above $2.65 serving as a “GO/GO” confirmation of XRP’s next major bull phase.
Elliott Wave Analysis Projects $9–$10 in Wave 5
Using standard Elliott Wave theory, the upcoming Wave 5 is expected to be explosive. According to EGRAG:
- Wave 5 typically reaches between 1.236 to 1.618 times the length of Wave 4.
- An additional approach based on 61.8% of combined Wave 1 and 3 places XRP’s potential upside at 477%, which translates to a $9–$10 target range.
Final Thoughts: High-Stakes Territory
EGRAG CRYPTO’s analysis paints a high-stakes scenario for XRP:
- Above $1.75 = bullish consolidation intact
- Below $1.75 = risk of entering a prolonged neutral phase
- Above $2.65 = green light for the next macro breakout
With technical structure still favoring bulls, XRP may be on the edge of a significant upward leg—but only if it continues to hold key levels.
“Keep an eye on those critical levels,” EGRAG advises. “The future looks promising—if we hold the line.”
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-holds-key-level-as-10-target-emerges-says-analyst/