Renowned crypto analyst, ‘Egrag Crypto’ took to X (formerly Twitter) to unveil three critical price targets for XRP in this bull cycle. Despite XRP price experiencing persistent stagnation, the analyst has projected a major price increase as high as 4,800% for the popular cryptocurrency. Related Reading: Analysts On Bitcoin: 2024 US Election Could Steer The Crypto’s Future Major Resistance And Support Targets For XRP On 17 October, Egrag Crypto shared three major targets for the XRP price based on Channel B, a distinctive boundary XRP has struggled to breach for years. In the monthly time frame, XRP faces three primary resistance targets and three support marks. XRP price action within Channel B is constrained by key resistance levels that may dictate whether the cryptocurrency can break free from its long-term consolidation cycle. According to the analyst’s XRP price chart, the first major resistance level is seen around the $0.6450 price mark. Over the past few months, XRP has risen above $0.6, fueling hopes of a potential breakout but ultimately declining back to $0.5. A significant breakout from the $0.6450 level could signal ..
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