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:

$2.36
$2.65
$3.10

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.

The post XRP Price Breakout May Be Near, Says Top Expert — Bold Targets Set at $29 and $46 appeared first on Coindoo.

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Filed under: Bitcoin - @ June 8, 2025 1:00 pm