The post Analyst Sees 70% Chance Of Breakout appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Independent market technician EGRAG CRYPTO posted an updated weekly XRP/USD chart on X. The visual, built on Bitfinex data, frames the entire post-July 2024 advance by XRP as the flag-pole of a classic bull-flag continuation pattern and argues that the subsequent ten-week drift has traced out a near-textbook, downward-slanted consolidation channel whose upper and lower rails are highlighted in magenta. XRP Poised For Breakout “The success rate of breaking upwards is around 67–70 percent,” the analyst writes, citing bulk pattern-recognition studies that underpin the set-up’s statistical edge. XRP is trading near $2.30, a value marked on the chart by a blue dotted horizontal line intersecting the body of the flag. Related Reading Beneath that, a white line at $1.50 records the late-2024 breakout shelf that now functions as first higher-time-frame support, while a deeper red horizontal at roughly $0.60 flags the base from which the current cycle began. Threading up through the entire structure is a rising yellow moving average—visually consistent with the 20-week EMA (currently at $2.21)—underscoring what Egrag calls the market’s “still-positive long-term trend bias.” XRP price analysis | Source: X @egragcrypto From that foundation the technician derives three measured-move objectives. “For long-term breakouts I prefer logarithmic charts, especially in crypto, because of its exponential growth over short periods,” he explained. On that basis a log-scale projection extrapolates the full height of the flag-pole and lands at $18.00. A linear projection, which treats each dollar of advance…

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Filed under: News - @ May 28, 2025 7:22 pm