Market analyst EGRAG Crypto believes XRP has the potential to reach two-digit figures on conservative estimates after breaching the BMSB.
Notably, XRP has shown resilience over the past two weeks, holding firm at $3 despite market uncertainties. The digital asset first reclaimed this level on Jan. 15, marking the first time in seven years it had reached this price.
Since then, it has consistently bounced back whenever it dipped toward the upper $2 range, and this confirms strong market support. At present, XRP is trading at $3.08, slightly down by 1.26% in early trading today, still maintaining the $3 support.
With this strong support, analysts have become particularly confident in XRP’s potential, predicting a major price jump. One of them, EGRAG Crypto, has presented ambitious price targets for XRP, calling attention to important indicators.
XRP Holds Above the Bull Market Support Band
In his recent analysis, EGRAG confirmed that for the first time ever, XRP is looking to close a six-month candle above a technical structure called the Bull Market Support Band (BMSB). Such a move would be extremely bullish because it would confirm XRP’s resilience and bullish position.
For context, XRP began the current 6-month candle this month, January 2025, and it started this candle above the BMSB, with a price of $2.07. Amid the run to $3 on Jan. 15 and the persistent resilience above this level, XRP looks set to close the 6-month candle atop the BMSB.
According to EGRAG, the lower end of the band sits at the $2 mark. However, he stressed that, based on statistical and technical analysis, it is not likely for XRP to slump below this level.
However, EGRAG admitted that extreme global events, such as major cyberattacks, wars, or economic crises, could trigger a broader market crash. Barring such unpredictable circumstances, XRP appears well-positioned for substantial gains in the coming months.
Conservative and Practical XRP Targets
Amid this bullish outlook, EGRAG Crypto identified two price targets. His predictions rely on a symmetrical triangle that had dictated XRP’s price movements since 2017 on the 6-month timeframe. Interestingly, XRP broke out of this triangle in the previous 6-month candle and is now well above it.
The first target is a conservative one and considers the midpoint of the triangle. If XRP follows this path, the price could rise to at least $8 and possibly as high as $13. EGRAG believes this is a very achievable target. From the current level, XRP would need to rise 159% to 322% to reach this target range.
Meanwhile, a more aggressive projection considers the full height of the triangle, predicting a target of $27 to $31. If XRP follows this pattern. The asset must appreciate by 776% to 906% from current levels to claim this target range.
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