XRP Targets $1.10 as Key Level for Explosive Rally, Analyst Says

• Analyst EGRAG identifies $1.10 as a critical support level for XRP’s powerful price surge.
• If XRP holds above $1.10, it could trigger an explosive uptrend with targets at $6.4 and $13.
• The analysis uses both logarithmic and non-logarithmic price projections for potential gains.

According to analyst EGRAG, XRP is eyeing the $1.10 price level as a critical support zone for an explosive price surge. The analyst suggests a confirmed weekly close above $1.10 could set the stage for even more significant gains.

The Critical Role of $1.10 for XRP

In a recent post on X, EGRAG described the $1.10 level as an “ignition stage”—a potential launchpad for future gains if XRP closes above it on the weekly chart. “Once we confirm $1.10 as strong support, we can bid farewell to the $1 mark for good,” he commented.

Using both logarithmic and non-logarithmic methods, EGRAG sets potential targets for XRP at $13 and $6.40. The $13 target is based on exponential growth patterns typically seen in volatile assets, while the $6.40 target is derived from traditional, non-logarithmic calculations.

The accompanying chart shows a “cup-and-handle” formation, a bullish setup signaling a rounded bottom followed by consolidation. If validated by price action, this pattern suggests XRP could continue its upward movement.

Current Price Action and Resistance Levels

At press time, XRP is trading around $0.5514, having seen a modest 0.6% rise in the last 24 hours. To reach its immediate resistance of $1.10, XRP would need to more than double in price. However, a sustained move above this level could set the stage for more substantial gains.

Meanwhile, the ambitious price targets of $6.40 and $13 would require substantial price surges of 1,060% and 2,257%, respectively.

Given that XRP has not demonstrated the ability to stage such significant rallies in recent times, EGRAG urges the XRP community to “stay steady and strong” while maintaining optimism.

XRP’s Reaction to Trump’s Election Victory

Notably, the broader crypto market has rallied following President-elect Donald Trump’s victory, with Bitcoin reaching new all-time highs above $77,200. However, XRP’s response has been more subdued, with the token currently priced at $0.55—just 2% above its monthly high. This has led to speculation that external factors may be holding XRP back.

During his campaign, Trump pledged to replace SEC Chair Gary Gensler, a promise welcomed by crypto advocates frustrated by regulatory uncertainty. XRP enthusiasts believe that if Trump follows through, increased buying pressure could drive XRP to new heights.