XRP could be on the verge of a massive price jump, according to analyst Egrag Crypto. The well-known chartist has identified what he calls the “Kangaroo Phase,” a consolidation period that might lead to a breakout.
Based on historical trends and key technical indicators, he believes XRP could reach as high as $222 if conditions align.
XRP Key Support And Resistance Levels
Egrag Crypto identifies important pricing ranges that show XRP is keeping firm. The altcoin has stayed above a crucial support line, which would offer a basis for a steady ascent. He also emphasizes the interplay of XRP with the Bull Market Support Band as a successful retest has strengthened optimistic momentum.
#XRP – Kangaroo Phase 🦘
🟣#XRP is gearing up for its next big leap! Here’s why:
✅ Holding above critical support trend level
✅ Successfully retested the Bull Market Support Band
✅ Consolidating above Fibonacci 0.888
✅ Another Macro consolidation Fib 1.0 zone in play ($3.37… pic.twitter.com/Lj9gBqW0H6— EGRAG CRYPTO (@egragcrypto) March 5, 2025
Potential Price Targets
Based on previous results, Egrag Crypto has set a few XRP pricing targets. XRP might hit the first range, between $8.50 and $13.00, he believes as momentum rises. The next goal is $27, a significant rise above the price right now.
The maximum price estimate for those with a long-term perspective is $222. The analyst cites XRP’s 2017 rise, in which the cryptocurrency followed a similar trend before soaring.
If history repeats itself, he suggests this ambitious target could be within reach.
At the time of writing, XRP was trading at $2.51, up 2.6% and 13.1% in the daily and weekly frames, data from Coingecko shows.
Historical Trends Offer Clues
The examination made by Egrag Crypto mostly relies on historical market trends. Following a Fibonacci extension pattern, XRP hit the $1.618 mark in 2017 before making a significant breakout. The top altcoin may be set for a similar big transition if the same pattern shows up on the charts again.
A good number of analysts employ the Fibonacci retracement and extension levels to get a hint of how the crypto market might behave in the future. Although these techniques have helped to identify probable market trends, no specific method guarantees success. Given the significant changes in the market since 2017, the important question is whether the coin can replicate past performance.
Still There Is Uncertainty In The Market
Meanwhile, the future of XRP is unknown even with the optimistic view. The digital currency space is fluctuating, as always, hence price projections can present unexpected challenges. Changes in regulations, general market sentiment, and external economic events all play a key role in the price trajectory of XRP.
Featured image from Gemini Imagen, chart from TradingView
Christian Encila
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
