HomeCryptocurrencyAnalyst Presents XRP Cycle Chart That Targets $15

Analyst Presents XRP Cycle Chart That Targets $15

XRP continues to trade near a price range that EGRAG CRYPTO (@egragcrypto) believes could shape its next major move.

Rather than focusing on short-term swings, the analyst based his latest outlook on a long-term chart he calls the Bent Fork, arguing that XRP remains within a historical accumulation area that has supported previous market cycles.

According to the analyst, the current structure remains intact with XRP holding its key support zone. He also outlined the major levels he believes investors should watch before any larger advance toward his long-term target.

Bent Fork Structure Centers on the Accumulation Band

EGRAG CRYPTO said XRP is currently trading near the historical accumulation band between $0.85 and $1.20, which he believes has served as macro support during previous cycles. His chart places XRP near the lower portion of the Bent Fork structure, where the rising EMA band also converges with long-term support.

The chart highlights several historical rebounds from this area with repeated supports, suggesting the zone has played a key role throughout XRP’s market history.

The analyst acknowledged that XRP could still test the lower end of the range at $0.85. He added that the long-term setup remains valid as long as the accumulation band holds.

The Band Guiding the Long-Term Trend

The EMA band forms an important part of EGRAG CRYPTO’s analysis. His chart shows the asset repeatedly finding support around the rising band before moving higher during previous cycles. The chart also marks previous reactions at support and resistance, reinforcing his view that XRP continues to follow a recurring macro pattern inside the Bent Fork.

Can XRP Go to the Next Stage?

Beyond the accumulation zone, he identified $1.65 as the first major recovery level. The chart places that level near an important resistance area that XRP recently approached before pulling back. Above it, the analyst identifies $3 to $3.50 as the next major resistance zone.

According to his post, breaking those levels will kickstart the macro expansion phase. The chart marks that area with multiple resistance points from previous advances, making it a key hurdle in his long-term outlook.

$15 Remains the Long-Term Objective

At the top of the Bent Fork structure, EGRAG CRYPTO projects a full-cycle target of $15. A large curved trend line extends toward that level, reflecting his expectation for a longer-term expansion if XRP continues to follow the historical pattern shown on the chart.

He reminded followers that the analysis focuses on the larger cycle rather than near-term price action, writing, “This is not a short-term chart. This is a cycle chart.”

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 advised to conduct thorough 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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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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