- XRP holds steady near $2.35 as bullish chart analysis points to $2.61 and $2.65 resistance targets.
- MACD and RSI show neutral to bullish momentum as EGRAG projects potential breakout for XRP.
- EGRAG’s Bermuda Triangle thesis outlines a long-term target of $27 for XRP’s price evolution.
XRP is holding firm near $2.35, gaining 1.7% in the last 24 hours, even as the broader crypto market stays volatile. The past week saw XRP dip 7.4%, but technical indicators and bullish chart calls from analyst EGRAG CRYPTO are driving renewed optimism for a breakout.
Technical Picture: Neutral RSI and Bullish MACD Build the Case
XRP’s MACD is showing a mild bullish tilt, with the MACD line holding above the signal line. Although the histogram is positive, its size points to cautious optimism rather than a strong rally.
The RSI stands near 51.79, which signals neutral territory. This suggests XRP is consolidating, preparing for a larger move. Importantly, the RSI hasn’t approached the overbought level recently, confirming this consolidation phase rather than an overheated rally.
Related: XRP Prepares for a Bullish Breakout as Wave Pattern Hints at $3.33 Target Ahead
Key Resistance: $2.61 and $2.65 as Short-Term Targets
Besides the technical indicators, key resistance levels are taking center stage. According to EGRAG CRYPTO recent projection, $2.61 and $2.65 stand out as crucial targets. Surpassing these levels could unlock a wave of bullish momentum and mark the beginning of a significant uptrend.
Bermuda Triangle Thesis: A Long-Term Vision
EGRAG CRYPTO’s earlier analysis introduces a larger, ambitious framework called the “Bermuda Triangle.” This multi-layered chart theory combines key components like the Atlas Line, Seven Arcs, Red Lake, and Blue Ocean.
Each element represents a distinct phase in XRP’s journey to its full price potential. Significantly, the Bermuda Triangle projects an eventual price target of $27.
The Atlas Line serves as the key inflection level; once passed, it could propel XRP toward more aggressive gains. The Final Wake-Up Line and Red Lake signal heavy resistance, while the Stratosphere and Blue Ocean represent the path to long-term, whale-driven price zones.
Related: Here’s the Odds of XRP Surpassing $3.50 by End of May, According to Polymarket
With short-term technicals and ambitious long-term projections aligned, XRP is back in focus as traders look for signs of a decisive breakout.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
