- XRP Atlas line targets $1.5, with high conviction to break the White Triangle pattern.
- Critical Fib 1.618 zone ($6.5-$7.5) identified for profit-taking.
- A weekly close above Fib 1.618 could lead to mid-double-digit targets near Fib 2.414 & 2.618.
XRP’s price could be headed for a significant upswing based on two key technical indicators and current market trends. As per the analysis shared by Egrag Crypto, the Atlas Line for XRP is raised to $7.5 with $1.5 as the initial target. Expressing a high conviction of breaking the White Triangle pattern, Egrag Crypto is confident XRP will surpass this initial resistance level.
Next, the analysis highlights a key price zone between $6.5 and $7.5, known as the Fib 1.618, where profit-taking is expected to occur. Traders and investors are therefore advised to keep a close eye on this zone for potential price movements and adjust their positions accordingly. If XRP manages to overcome the Fib 1.618 level in a week, the analyst predicts the next targets to be in the mid-double digits, near the Fib 2.414 and 2.618 levels. This suggests further upside potential in XRP’s price action, as long as the current bullish momentum is maintained.
Doubling down on the forecast, the crypto analyst also urged the XRP Army to remain steadfast since the rotational profits from other altcoins are expected to pour into XRP once it starts to pump. Referring to the Ripple-affiliated token as the “black horse,” the analyst emphasized the optimistic outlook for XRP’s future performance in the market.
This update highlights key levels to watch and potential price targets based on technical tools. However, it’s essential to conduct thorough research before making any trading decisions.
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