Crypto Analyst EGRAG Sets XRP Price Targets

Short-Term XRP Targets
EGRAG observes that XRP has been consolidating between $2.4 and $2.7 amidst market uncertainty. He highlights the asset’s strong bullish momentum, as it approaches a significant resistance near $3.00, a historical barrier during previous surges. A breakthrough above this point could confirm further upward movement, with short-term targets suggesting potential prices of $4.3 and $6.4.

Long-Term Targets
EGRAG’s long-term outlook appears optimistic, projecting that XRP could reach between $33 and $60 based on a Parabolic ARC formation. If the upward momentum continues, key milestones include $8, $13, $27, and $67. A confirmed breakout at $6.4 would validate significant upside potential.

Bullish and Bearish Scenarios
For a bullish case, XRP must push above $3. Falling below $2, however, could lead to a retracement to the range of $1.90-$2.00. A decline below $1.90 may bring prices down to $0.90-$1.00, indicating a bearish shift in sentiment. Despite risks, EGRAG remains optimistic about XRP’s long-term potential, as it trades currently at $2.59, down 3% in the last 24 hours.