XRP might be on the brink of a significant price surge, as per analyst Egrag Crypto. The prominent chartist has recognized what he terms the “Kangaroo Phase,” a period of consolidation that could lead to a breakout.
Utilizing historical patterns and crucial technical signals, he posits that XRP could ascend as high as $222 if circumstances are favorable.
XRP Essential Support And Resistance Levels
Egrag Crypto pinpoints vital price zones demonstrating that XRP is holding strong. The altcoin has remained above a significant support threshold, which would provide a foundation for a consistent rise. He further highlights the relationship between XRP and the Bull Market Support Band, noting that a successful retest has bolstered optimistic momentum.
#XRP – Kangaroo Phase
#XRP is preparing for its next major leap! Here’s the reasoning:
Maintaining above essential support trend level
— EGRAG CRYPTO (@egragcrypto) March 5, 2025
Potential Price Objectives
Drawing from past achievements, Egrag Crypto has established several pricing targets for XRP. He believes XRP could achieve the initial range of $8.50 to $13.00 as momentum escalates. The subsequent target is $27, representing a notable increase over the current price.
The highest price prediction for those taking a long-term view is $222. The analyst references XRP’s 2017 surge, wherein the cryptocurrency followed a similar pattern before rocketing. If history is to repeat, he suggests this ambitious target could be attainable.
As of the time of writing, XRP was valued at $2.51, reflecting an increase of 2.6% and 13.1% in the daily and weekly periods, according to data from Coingecko.
Historical Patterns Provide Insights
The analysis conducted by Egrag Crypto mainly hinges on historical market trends. Following a Fibonacci extension structure, XRP reached the $1.618 point in 2017 before experiencing a significant breakout. The leading altcoin might be poised for a similar substantial transition if the same pattern manifests on the charts once more.
A considerable number of analysts utilize the Fibonacci retracement and extension levels to forecast potential behaviors of the crypto market in the future. While these techniques have been beneficial in identifying possible market trends, no specific method guarantees success. Given the substantial transformations in the market since 2017, the crucial question remains whether the coin can replicate previous successes.
Yet There Is Ambiguity In The Market
At the same time, the future of XRP remains uncertain even with the optimistic perspective. The digital currency realm is unpredictable, and thus price forecasts can encounter unexpected obstacles. Shifts in regulations, overall market sentiment, and external economic occurrences all significantly influence the price trajectory of XRP.
Featured image from Gemini Imagen, chart from TradingView
