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Egrag Crypto: $3.65 Is The XRP Macro Target To Beat. Here’s What It Means
In a recent analysis, popular market analyst EGRAG CRYPTO (@egragcrypto) has highlighted that $3.65 is the macro target to beat for Ripple’s XRP. This level has been identified as a critical psychological and technical barrier, which could dictate the asset’s future trajectory.
The latest chart update from the analyst indicates that XRP is currently trading at $3.2, with significant momentum behind it. The crypto asset has entered a crucial phase of its price action, as it continues to build on its bullish narrative.
As per the analysis, EGRAG CRYPTO emphasizes the importance of this level in maintaining the current trend and setting the stage for a potential new rally. The analyst’s chart highlights a classic bullish pennant pattern, which could be used as an indicator for the next phase of XRP’s price action.
The $3.65 mark is situated within a broader Fibonacci extension structure, suggesting that any break above this level may unlock targets ranging from $4.15 (Fib. 1.272) to $5.37 (Fib. 1.618), and potentially as high as $11.27 (Fib. 2.618).
Source: timestabloid.com
