XRP To Surge Up Tp $1.2 Ahead Despite XRP’s Mixed Price Movement

Crypto market analyst Egrag Crypto has drawn significant attention to XRP suggesting its price will surpass $1.2 despite its volatility. 

Egrag Crypto has drawn significant attention to XRP, the cryptocurrency backed by Ripple Labs. In an X post dated today, the crypto market analyst shared his insights into XRP’s current price movements, suggesting that the token could go up to $1.2.

Egrag Crypto uncovered the ‘Genuine Wake-up line’ bullish trend on XRP’s chart. Notably, the first section (Break-out) focuses on a pattern referred to as the ‘White Triangle,’ which aligns with previous charts and Fibonacci levels between 0.702 and 0.786, suggesting a potential breakout. As a result, the projected measured move will fall between $1.2 and $1.5.

The crucial breakout point lies around $0.70 to $0.75, with the analyst emphasizing that XRP appears poised for a breakout in the next couple of weeks.

In addition, the second section highlights XRP’s resilience on the Atlas line, with resistance at $0.5777, support at $0.5000, and a breakout point at $0.6799. Despite Egrag’s caution regarding a short-term breakout retest, XRP remains positioned for a “Mega Run” soon.

Another crypto analyst, Dark Defender emphasized that XRP is currently in its ‘Grand Wave 3’. Dark Defender highlighted the use of Heikin Ashi Candles, a trading analyst tool commonly paired with the Fisher Indicator, to illustrate price movements on the weekly time frame. 

According to Dark Defender, XRP will face a challenging zone between $0.6044 and $0.6649, however, XRP is anticipated to experience significant gains once the weekly candle closes above $0.6649.

Meanwhile, XRP has experienced a significant decline of 1.28%, currently trading at $0.52 indicating the prevailing market volatility. With an approximate market cap of $29.26 billion, XRP remains at the 7th position in the crypto market rankings. 

Despite the recent decrease in price, XRP’s trading volume has surged by 36.41% reaching $809 million over the past 24 hours.