XRP Price Prediction: EGRAG Crypto Targets 150% Rally to $1.5, followed by 1150% Rally to $7.5

The price of XRP is yet to embark on a bullish trajectory but many crypto analysts continue to remain bullish. Among these analysts is EGRAG Crypto

Popular crypto analyst EGRAG Crypto has shared an updated analysis of XRP price action, suggesting that the crypto is close to breaking out of a critical resistance trendline.

Popular crypto analyst EGRAG Crypto has shared an updated analysis of XRP price action, suggesting that the crypto is close to breaking out of a critical resistance trendline.

According to the analysis, XRP price has been trading within two triangular price patterns, one smaller (white) and one larger (yellow). The smaller triangle is formed by XRP’s price action over the past year, while the larger triangle has been developing since June 2020.

According to the analysis, XRP price has been trading within two triangular price patterns, one smaller (white) and one larger (yellow). The smaller triangle is formed by XRP’s price action over the past year, while the larger triangle has been developing since June 2020.

EGRAG has identified the upper trendline of these triangles as the “Genuine Wake-Up Line,” which is a key resistance level that could determine whether XRP breaks out into a significant bullish run or continues its consolidation.

EGRAG has identified the upper trendline of these triangles as the “Genuine Wake-Up Line,” which is a key resistance level that could determine whether XRP breaks out into a significant bullish run or continues its consolidation.

“This line, drawn from the highs of 2021, will be the key to watching XRP finally wake up from its slumber,” EGRAG explained.

“This line, drawn from the highs of 2021, will be the key to watching XRP finally wake up from its slumber,” EGRAG explained.

Currently, XRP is trading within the confined range of the white triangle, with the price hovering around $0.60. However, a weekly close above $0.64 could be the catalyst needed to test the “Genuine Wake-Up Line,” which is positioned between $0.70 and $0.75.

Currently, XRP is trading within the confined range of the white triangle, with the price hovering around $0.60. However, a weekly close above $0.64 could be the catalyst needed to test the “Genuine Wake-Up Line,” which is positioned between $0.70 and $0.75.

“A weekly close above $0.64 will have XRP testing the Genuine Wake-Up Line,” the analyst noted.

“A weekly close above $0.64 will have XRP testing the Genuine Wake-Up Line,” the analyst noted.

EGRAG has also highlighted some key price targets for XRP, including $1.5, which corresponds with the 0.786 Fibonacci level, and $7.5, which aligns with the 1.618 Fibonacci level.

EGRAG has also highlighted some key price targets for XRP, including $1.5, which corresponds with the 0.786 Fibonacci level, and $7.5, which aligns with the 1.618 Fibonacci level.

“If XRP can close a month above $1.5, then we’ll start to see some serious bull,” EGRAG said, adding that “anything past $1.5 will have XRP rallying hard.”

“If XRP can close a month above $1.5, then we’ll start to see some serious bull,” EGRAG said, adding that “anything past $1.5 will have XRP rallying hard.”

At the time of writing, XRP is trading at $0.60. To reach the target of $1.5, the price would need to increase by 150%. Hitting $7.5 would require a bigger 1,150% surge from its current level.

At the time of writing, XRP is trading at $0.60. To reach the target of $1.5, the price would need to increase by 150%. Hitting $7.5 would require a bigger 1,150% surge from its current level.

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