Analyst Forecasts XRP's Potential Growth Amidst Market Correction
Despite the recent market downturn, analyst EGRAG Crypto maintains a bullish outlook on XRP, asserting that its fundamental market structure remains robust. The analyst suggests that the current correction presents a significant opportunity for accumulation, potentially one of the most substantial in years.
In a recent analysis shared on X (formerly Twitter), EGRAG Crypto reiterated his long-term price targets for XRP, projecting a near-term goal of $10 and a more ambitious macro target of $50+. These projections are supported by strong technical indicators, including sustained price action above the critical $1.94 level and a long-term bullish pattern that aligns with historical market expansion cycles.
Key Support Level: The $1.94 Accumulation Zone
EGRAG Crypto emphasizes the importance of XRP maintaining its position above the $1.94 mark, identifying this range as a "powerful accumulation zone." The analyst characterizes this period as one of heightened fear but also immense opportunity for investors.
“We’re sitting in one of the most powerful accumulation zones you’ll ever see. Miss this range, and you’ll regret not loading up when fear was at its peak,” EGRAG stated.
The analyst's accompanying chart illustrates XRP forming a broad ascending structure, with projections indicating a potential for a significant breakout extending beyond previous all-time highs, spanning from mid-2024 through late 2025.
Technical Analysis and Price Targets
EGRAG Crypto's technical overview suggests that XRP is currently consolidating within an ascending channel, a formation that often precedes a major upward movement. The key price levels identified are:
- •Support: $1.94 (identified as the primary accumulation zone)
- •Micro Target: $10
- •Macro Targets: A range between $14 and $25, with a speculative extreme wick target of $50
This projection is contingent on XRP continuing to establish higher lows through early 2026. A full-scale breakout is anticipated once market liquidity returns to the altcoin sector.
Micro Wick 1: Targeting the $10 Mark
The first significant upside target, termed "Micro Wick 1," forecasts a measured move towards $10. EGRAG Crypto notes that while the current price action resembles a broad range rather than a precise wedge, the projected measured move aligns with wave theory principles for the next impulse wave.
Should this phase be confirmed as Macro Wave 2, the subsequent Wave 3 could potentially extend 1.618 times higher than Wave 1. This would place additional Fibonacci targets in the $14 to $25 range, representing a potential rally of 544% from current price levels.
Macro Wick 2: The $50 Blowoff Scenario
EGRAG Crypto also addresses the long-standing theory surrounding Gemini's historical XRP wick to $50, a price point often dismissed as a data anomaly. However, the analyst argues that market symmetry frequently leads to the resolution of such price extremes.
“Some keep saying Binance’s wick to $0.77 must get filled, but why ignore Gemini’s wick to $50? If the market loves symmetry, both can balance in time,” EGRAG commented.
If this ambitious scenario unfolds during the next major bull cycle, EGRAG believes XRP could reach the $50 wick, marking what he describes as the "real blowoff top" and completing a multi-year macro expansion pattern.