XRP could be on the verge of a massive price jump, according to analyst Egrag Crypto. The well-known chartist has identified what he calls the “Kangaroo Phase,” a consolidation period that might lead to a breakout.
Based on historical trends and key technical indicators, he believes XRP could reach as high as $222 if conditions align.
XRP Key Support And Resistance Levels
Egrag Crypto identifies important pricing ranges that show XRP is keeping firm. The altcoin has stayed above a crucial support line, which would offer a basis for a steady ascent. He also emphasizes the interplay of XRP with the Bull Market Support Band as a successful retest has strengthened optimistic momentum.
#XRP – Kangaroo Phase
#XRP is gearing up for its next big leap! Here’s why:
Holding above critical support trend level
— EGRAG CRYPTO (@egragcrypto) March 5, 2025
Potential Price Targets
Based on previous results, Egrag Crypto has set a few XRP pricing targets. XRP might hit the first range, between $8.50 and $13.00, he believes as momentum rises. The next goal is $27, a significant rise above the price right now.
The maximum price estimate for those with a long-term perspective is $222. The analyst cites XRP’s 2017 rise, in which the cryptocurrency followed a similar trend before soaring.
If history repeats itself, he suggests this ambitious target could be within reach.
At the time of writing, XRP was trading at $2.51, up 2.6% and 13.1% in the daily and weekly frames, data from Coingecko shows.
Historical Trends Offer Clues
The examination made by Egrag Crypto mostly relies on historical market trends. Following a Fibonacci extension pattern, XRP hit the $1.618 mark in 2017 before making a significant breakout. The top altcoin may be set for a similar big transition if the same pattern shows up on the charts again.
A good number of analysts employ the Fibonacci retracement and extension levels to get a hint of how the crypto market might behave in the future. Although these techniques have helped to identify probable market trends, no specific method guarantees success. Given the significant changes in the market since 2017, the important question is whether the coin can replicate past performance.
Still There Is Uncertainty In The Market
Meanwhile, the future of XRP is unknown even with the optimistic view. The digital currency space is fluctuating, as always, hence price projections can present unexpected challenges. Changes in regulations, general market sentiment, and external economic events all play a key role in the price trajectory of XRP.
Featured image from Gemini Imagen, chart from TradingView
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Christian Encila
https://www.newsbtc.com/altcoin/xrp-bulls-set-their-sights-on-222-can-it-happen/
2025-03-06 12:30:40
