48 Hours Remaining for XRP Yearly Candle Before a Rocket Rally to $15

EGRAG CRYPTO (@egragcrypto), a widely followed cryptocurrency analyst, has highlighted a key moment for XRP as 2024 comes to an end. According to a chart shared on X, XRP’s yearly price action shows the asset is on the verge of breaking a major resistance level at $2.

With just over two days remaining in the year, EGRAG CRYPTO emphasized the importance of this milestone and the potential implications for the cryptocurrency’s trajectory.

Historical Context and Current Outlook

The chart depicts XRP’s yearly candles since its inception, categorized into different areas based on price levels. XRP initially traded in “Area A,” ranging between$0.006 and $0.03.

Following its remarkable rally in 2017, XRP surged to its all-time high of $3.84 in January 2018. This breakout moved the asset into “Area B,” with a support range near $0.35. Since then, XRP has largely remained in this zone, despite occasional price fluctuations.

For the first time in its history, XRP is closing the year above the $2 mark. The asset broke above $2 in early December, less than two weeks after SEC Chair Gary Gensler announced his resignation in January 2025.

At the time of his analysis, the asset traded at $2.1431 and has maintained the $2.14 level. The $2 level is crucial, as breaking above it would mark a significant bullish signal and open the path toward higher targets.

Future Price Targets

EGRAG CRYPTO has outlined $15 as the potential target for XRP. The $15 level, referred to as “Valhalla” on the chart, is the next major support zone if XRP breaks into the next phase of its price journey. This target represents a significant increase from current levels and could serve as a foundation for further gains.

Notably, $15 is the support zone for the next phase, meaning the digital asset could climb much higher than this target. EGRAG CRYPTO has previously predicted that XRP can reach $27, and the chart shows that the next zone surpasses $140. This suggests that the digital asset could easily reach the $27 level.

The possibility of XRP closing above $2 has captured the attention of investors and traders. With just two days left in 2024, XRP stands at a pivotal junction. Breaking above $2 would mark a significant milestone in its yearly performance and pave the way for future growth.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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