Egrag Crypto: Nothing Has Changed for XRP Rally to $33

Crypto analyst EGRAG CRYPTO (@egragcrypto) recently highlighted a long-term XRP chart that shows a symmetrical triangle pattern.

This formation extends from the 2018 peak and consolidates through multiple years. The triangle’s structure points to an imminent price move once the breakout occurs. The chart suggests acceleration could happen soon.

The chart compares XRP’s price compression to previous major expansions. The analyst indicates a potential upward breakout with a minimum price target aligned with the triangle’s structure. EGRAG CRYPTO notes that XRP could initially pull back after breaking out, consistent with historical behavior in similar patterns.

Fibonacci Levels Show Key Targets

EGRAG CRYPTO’s chart incorporates Fibonacci retracement levels to project potential gains. XRP currently trades at $1.34. Immediate support is around $0.92, which corresponds to the 0.618 retracement. Resistance levels and targets are defined at $7.70, $9.13, $15.02, and $30.71. The ultimate target is marked at $33, representing a potential exponential increase from current levels.

The chart indicates a staged progression. The first target near $7.70 represents a 500% gain. The next phase aligns with $9.13, moving toward $15.02 and eventually $30.71.

These projections are consistent with the triangle breakout calculation. The analyst also highlights a prior price surge of 2,600%, suggesting XRP could repeat this to reach the ultimate target.

Historical Patterns Support Upside

The symmetrical triangle in XRP’s chart spans nearly a decade, starting from late 2016. Past cycles show extended periods of consolidation followed by rapid expansions. Intriguingly, XRP broke out of this symmetrical triangle in late 2024, surging 500%. The asset is about to bounce off the upper trendline, and this rebound could send it to new heights.

A smaller inset in the chart illustrates typical symmetrical triangle behavior. While upward or downward breakouts are both possible, XRP already begun the bullish breakout, and the analyst expects this move to continue.

Immediate Action Points

According to the chart, XRP is nearing a critical juncture. Support at $0.92 to $1.34 must hold to maintain the bullish scenario. Should the price consolidate around these levels, momentum toward higher Fibonacci targets could resume.

The first significant gain is expected to reach $7.70. Beyond this, the chart shows a potential run to $30-$33, representing multiple phases of growth.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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