Analyst Predicts $31 Price Target After XRP Breached BMSB

XRP has been making waves in the crypto market, holding steady at $3 despite broader market uncertainties. This resilience has fueled optimism among analysts, with market expert EGRAG Crypto predicting a major rally that could propel XRP into double-digit territory.

His latest analysis highlights a crucial technical breakthrough—XRP closing a six-month candle above the Bull Market Support Band (BMSB)—which could set the stage for substantial price appreciation.

XRP’s Strong Support at $3 Signals Market Confidence

XRP surged past the $3 mark on January 15, 2025, for the first time in seven years, a major milestone for bullish sentiment. Over the past two weeks, the digital asset has consistently bounced back whenever it dipped into the upper $2 range, reaffirming strong market support.

At the time of writing, XRP is trading at $3.08, reflecting a 1.26% decline in early trading. However, it has managed to maintain support at $3 despite market volatility suggesting investor confidence and growing momentum.

XRP and the Bull Market Support Band (BMSB)

A key reason for XRP’s bullish outlook is its first-ever attempt to close a six-month candle above the Bull Market Support Band (BMSB). The BMSB is a critical indicator that distinguishes bullish and bearish trends. If XRP closes above this level, it would signal the asset’s strongest long-term bullish positioning.

EGRAG Crypto notes that XRP began the current six-month candle in January 2025 at $2.07, already above the BMSB. As XRP surged to $3 and maintained this level, it reinforced the likelihood of a bullish continuation.

According to EGRAG, the lower boundary of the BMSB is at $2, and he believes XRP is unlikely to fall below this level. However, he does acknowledge that major global events, such as cyberattacks, wars, or financial crises, could trigger a market-wide correction. Barring such disruptions, XRP appears poised for significant growth in the coming months.

XRP Price Targets: Conservative vs. Aggressive Projections

With XRP’s impressive strength, EGRAG Crypto has outlined two potential price trajectories based on long-term technical patterns.

Conservative Target: $8–$13

XRP’s price action since 2017 has followed a symmetrical triangle pattern on the six-month chart. XRP broke out of this structure, confirming a bullish breakout.

EGRAG’s conservative price target considers the midpoint of this triangle, suggesting XRP could rise to at least $8 and potentially as high as $13. Achieving this target would require a price increase of 159% to 322% from current levels.

Aggressive Target: $27–$31

For those with a more bullish perspective, EGRAG also presented a higher price target based on the full height of the symmetrical triangle. If XRP follows this projection, it could climb to $27–$31, requiring a 776% to 906% surge from its current price.

What’s Next for XRP?

With strong technical support, a bullish breakout, and increasing market confidence, XRP is positioned for a potentially explosive rally. The next few months will determine whether it achieves EGRAG’s ambitious price targets.

If XRP successfully closes its six-month candle above the BMSB, it would confirm long-term bullish momentum and could attract even greater investor interest. With continued resilience and favorable market conditions, XRP could be on the verge of a historic price surge.

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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