Where can the last XRP price be headed this year? One of the leaders of the Ripple community on X ‘Egrag Crypto’ just updated his XRP price expectations
The EGRAG chart shows the XRP price that has been moving within a clear upward channel since 2017. This channel creates important support and resistance areas that contain XRP price movements for years.
21 months Si -moving average (EMA) It appears as a yellow line on the graph, which works as a level of support or dynamic resistance. Historically, XRP gained a great momentum after closing firmly above this EMA. The first major outbreak came in 2017 after 6 months of pressure on this EMA.
Currently, XRP 5 showed monthly monotheism on EMA, and may reflect the preparation from the previous cycle. The graph directly compares the style of uniformity 6 when 2017 with the unification of 5 when currently happens now.
Price and strategy goals
EGRAG determines many of the main price levels in its analysis. The range of $ 3.40 to $ 3.41 represents a critical resistance level from the peak of the 2018 cycle. This breaks this will confirm a major transformation of XRP.
Analyst proposes $ 17.38 as a basic goal based on historical patterns and dropping within the macro canal. This level is in line with the upper limits of the long -term channel.
More ambitious expectations appear at $ 27, $ 36 and $ 55 as purple -scattered lines on the graph. These extended extended goals are if XRP is fully broken over the macro channel.
| component | the details |
|---|---|
| Graph | Monthly (Macro Show) |
| direction | Ascending within the macro channel |
| Ema | 21 EMA Support Contract |
| Calamity | The pressure pattern is repeated for 6 months in 2017 |
| The main resistance | $ 3.40 (Cycle High), $ 17.38 (Channel Summit), $ 27/$ 36/$ 55 (extended) |
| The main support | $ 1.40 horizontal, 21 EMA Dynamic, $ 0.50 |
| Feelings | The bullish structure, watching the confirmation of the penetration |
| Strategy | Graduate expansion from $ 17 to 27 dollars – $ 55 with goals hitting |
Egrag notes in a associated tweet: “We are currently in Candle No. 5, and if history is any evidence, we may look at a monthly mega candle!” This indicates that it is believed that XRP may reflect the pattern of 2017, as the sixth candle was characterized by the penetration point.
The analyst mentions a gradual sale strategy instead of going out once, which indicates a disciplined approach to potential profits. “I put my eyes on $ 27, but I plan for sale gradually with the high prices,” he says.
The current price at the time of the post sits at $ 2.22, which is already above 21 EMA. The price appears to be pressed near the upper macro channel, which technical analysts are often seen as a potential area before collapse.
Support levels include $ 1.40 (previous resistance has been transferred to support) and 21 EMA about $ 1.80-2.00 dollars, which will serve as the first dynamic support if the price declines.
Also read: We asked artificial intelligence to expect the price of Ripple (XRP) in May
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