2025-4-8 13:22 |
Fibonacci levels point to targets of $7.50, $13.70, and $27.30. $2.00 price level seen as key psychological and technical base. XRP has followed a long-term ascending support channel since 2014.
XRP may be nearing a critical phase in its long-term chart pattern, with fresh technical analysis by market commentator EGRAG Crypto suggesting a possible breakout above $27.30 by late 2025.
Drawing on historical parallels and Fibonacci extension levels, the analysis maps a similar structure to XRP’s October 2017 candle—an early signal of the coin’s rally to over $3.00 in early 2018.
With the March 2025 chart now mirroring that key moment, the focus has turned to whether XRP will follow a comparable path.
Notably, the chart retains its long-term support channel, with $2.00 identified as the minimum level for a bullish continuation.
March 2025 mirrors 2017EGRAG Crypto’s update focuses on the March 2025 monthly candle, which he describes as structurally similar to the October 2017 formation.
At the time, XRP was consolidating before entering a rapid growth phase that took it from under $0.30 to more than $3.00 in just three months.
In his latest chart, EGRAG uses two kangaroo icons to visually compare the 2017 and 2025 formations.
The October 2017 candle led to a ranging period in November, followed by the explosive rally in December and January.
The current March 2025 candle is said to reflect the same setup in both shape and volume.
If the pattern repeats, April and May 2025 may see XRP trade sideways before a sharp price move in the following months.
Fibonacci shows $27.30 upsideUsing Fibonacci extension levels, EGRAG outlines possible future price targets for XRP.
These levels are based on historical patterns and are common in technical forecasting during upward trends.
According to the analysis, the 1.236 Fibonacci extension aligns with a price target of $7.50, the 1.414 level with $13.70, and the 1.618 extension with $27.30.
The analysis also reaffirms that XRP is continuing to respect an ascending support structure that dates back to 2014.
This trendline has remained intact through several market cycles and underpins the potential for further gains.
$2.00 seen as key baseThe $2.00 price level is viewed as a pivotal threshold in this forecast.
According to EGRAG’s chart, this level acts as both a psychological turning point and a technical floor.
Maintaining a price above $2.00 is described as essential to initiating what he calls the FOMO stage, when retail and institutional interest begin to accelerate.
Unlike sentiment-driven projections, this view ties the $2.00 zone to chart structure, using it as a confirmation zone for any continued bullish trend.
EGRAG refers to it as the “safest foundation,” indicating that any drop below this point could delay the expected breakout.
Support channel holds strongA distinguishing feature in XRP’s setup is its continued adherence to a long-term ascending support channel, dating back over a decade.
Despite multiple bear cycles, XRP has not fallen below this structure. This consistency forms the basis for EGRAG’s confidence in the chart pattern.
The channel has been tested repeatedly, including during periods of high volatility. Yet each time, the price has rebounded from the lower bounds.
If this trend continues, and if the March candle plays out as expected, XRP could enter a rapid price expansion phase similar to late 2017.
The post XRP price forecast: breakout to $27.30 possible by late 2025 appeared first on CoinJournal.
origin »Ripple (XRP) на Currencies.ru
|
