XRP's Potential for Significant Price Surge
EGRAG CRYPTO, a prominent crypto analyst, has noted that XRP is positioning itself for a significant price surge despite recent volatility. The expert explained that while many investors may be anxious during current market dips, the broader technical outlook suggests that XRP remains in a powerful accumulation zone.
Egrag noted that XRP’s critical support level sits around $1.94. As long as the token maintains this price floor, he believes the foundation for a major upward rally remains intact. He described this phase as one of the strongest accumulation periods in XRP’s history, urging traders not to let fear cloud their long-term perspective.
Technical Projections: "Micro Wick 1" and "Wick 2"
Egrag identified two major upside targets in his latest chart analysis. The first, known as Micro Wick 1, projects XRP to reach around $10. This projection is based on the measured move from the current market structure, which, although not a perfect wedge pattern, shows strong signs of building pressure for an eventual breakout.
The second and more ambitious target, called Wick 2, places XRP’s potential high near $50. Egrag referred to a past wick on Gemini’s chart that briefly reached this level, suggesting that market symmetry could see it revisited in a future cycle. He noted that, following Elliott Wave theory, XRP’s next major wave could extend between $14 and $25 before any possible push toward $50.
EGRAG CRYPTO noted that XRP is positioning itself for a significant price surge despite recent volatility. The expert explained that while many investors may be anxious during current market dips, the broader technical outlook suggests that XRP remains in a powerful accumulation zone.
Egrag noted that XRP’s critical support level sits around $1.94. As long as the token maintains this price floor, he believes the foundation for a major upward rally remains intact. He described this phase as one of the strongest accumulation periods in XRP’s history, urging traders not to let fear cloud their long-term perspective.
Maintaining Macro Trajectory Amidst Volatility
Egrag stressed that the recent market downturn has not altered XRP’s macro trajectory. He urged traders to stay calm, explaining that emotional reactions during accumulation phases often lead to missed opportunities. With the XRP Ledger achieving its 100 millionth ledger milestone, the analyst believes XRP is entering a period that could define its next major upward movement.