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Egrag Crypto Sets Price Target As XRP Breaks Through Major Resistance
The XRP market has been on a tear as it has finally broken through the 1.414 Fibonacci Circle, a significant resistance level that was in place since December 2024. This notable milestone marks a major shift in market structure, paving the way for even more substantial price movements.
In the wake of this breakthrough, prominent crypto analyst Egrag Crypto has issued a new price target for XRP enthusiasts and traders alike. According to their analysis, if the current momentum continues, it is not impossible that we could see XRP reach levels of $6.50 at the 1.618 mark, followed by a more aggressive trajectory that takes the asset to $20. The long-term projection suggests an ambitious target of $35 at Fib 2.0.
In the near term, a measured move to $17 appears to be a feasible and realistic intermediate goal, provided the current upward trend sustains and continues to attract volume. As the asset approaches this point, it could serve as a critical juncture on the path towards even higher levels.
It is essential to emphasize that XRP has successfully breached the previously impenetrable Fib 1.414 mark, signifying not only a technical victory but also a fundamental shift in market dynamics. This milestone reinforces the bullish setup and underscores the need for caution as investors prepare for further potential price growth.
The author Zaccheaus Ogunjobi is a passionate writer with a strong focus on cryptocurrency and finance.
Source: timestabloid.com
