A market analyst has shared three reasons he believes the current XRP bull run is not yet over.
XRP has continued to face intense selling pressure in recent weeks, with its price dipping to $2.69 yesterday before recovering to around $2.80. This bottom marked XRP’s lowest price since July. The move triggered discussion within the community as some longtime holders expressed frustration and even threatened to sell their positions if the coin fails to climb higher.
However, technical analyst EGRAG maintains that the latest correction is nothing more than short-term noise. In his latest chart update, he emphasized that XRP’s bullish structure on the monthly timeframe remains intact.
3 Reasons the XRP Bull Run Isn’t Over
EGRAG highlighted three key factors supporting his bullish stance. First, he noted that XRP has not lost its body candle structures on the monthly chart. Second, he said the price has not fallen below any major Fibonacci levels, with the $1.99 level acting as a strong base.
Moreover, for his third reason, EGRAG pointed out that XRP remains above the 21 EMA, a major indicator for sustaining long-term momentum.
Unless these conditions are broken, the analyst said he refuses to declare the XRP bull run over. He continues to believe that XRP has one more leg upward. Among his immediate expectations for XRP is for the coin to target $3.90, which would mark an all-time high, aligning with the 1.272 Fibonacci level on the monthly chart.
He expects this momentum to continue, with XRP eventually reaching the $9.22 range, aligning with the 1.618 Fibonacci level. These moves would require the coin to surge around 40% to 230%.
Meanwhile, EGRAG has much higher expectations for XRP before the current cycle peaks. Among these ambitious outlooks for XRP are price targets of $18, $23, and $46, which demand growth of 542%, 721%, and 1,543%, respectively.
XRP Comeback Only a Matter of Time
Analyst Matt Hughes (aka The Great Mattsby) has also shared a similar bullish view amid the dipping price. He pointed to XRP’s technical structure, particularly its performance within a Gann Fan on the weekly chart, as evidence that a major move is imminent.
XRP has flipped past resistance levels like $0.50–$1.00 and the 2021 peak of $1.96, turning them into solid support. Even the $3.00 psychological level has acted as a consistent floor, with XRP often reclaiming it after dips. Hughes calls this zone the “final boss,” suggesting that once it becomes firm support, a parabolic breakout could follow.
Echoing this view, macro investor Raoul Pal says XRP is “fully porting” to higher levels as capital rotates from Bitcoin.
Investor Sentiment Low
This optimistic view contrasts with growing frustration from other XRP bulls. Influencer Crypto Bitlord recently said he would sell “every last cent” if XRP fell back to $2, claiming that after more than a decade of holding, the coin has failed to deliver the wealth-building potential he once envisioned.
Despite such criticism, XRP remains up more than 410% year-on-year at its current price of $2.80. This performance, though shy of some long-term expectations, still positions XRP as one of the stronger altcoin performers of the past year.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
