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XRP Price Breakout May Be Near, Says Top Expert — Bold Targets Set at $29 and $46

XRP Price Breakout May Be Near, Says Top Expert — Bold Targets Set at $29 and $46 WikiBit 2025-06-08 21:13

Altcoin AnalysisAccording to his analysis, a daily close above $2.22 for three consecutive sessions could trigger a strong upside move. The chart shows a

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:

He emphasizes that the current structure remains constructive and that XRPs bullish potential grows stronger if support at $1.90 holds firm.

Macro View: Cycle 3 Targets $29 and $46

Zooming out, EGRAGs 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 Cryptos 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.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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