Prominent analyst EGRAG CRYPTO (@egragcrypto) recently shared a technical analysis on X, projecting a bullish trajectory for XRP in the coming months.
The chart aligns XRP price movements with global liquidity, represented by the M2 money supply offset by 110 days. This time shift highlights a historical correlation suggesting that XRP may soon experience upward momentum.
The chart depicts the XRP/USDT pair (blue line) overlaid with the M2 money supply (green line), demonstrating a pattern where liquidity drives price movement. According to EGRAG, “Global liquidity is on the horizon, so be prepared.”
From the asset’s position on April 7, both M2 and XRP appear to be trending upward, with the M2 line already peaking, implying that the digital asset may follow suit in the weeks ahead.
The analyst highlights a critical target level on the chart near the 1.618 Fibonacci extension, calculated at $6.569. This level is prominently marked and could represent a potential peak during the projected rally. At the time of his analysis, XRP traded around $1.76, and this target suggests a new all-time high for the digital asset and a substantial upside if the pattern holds.
The potential for this massive increase reinforces the point made by another expert that buying XRP at current prices is a no-brainer. The analysis also labels an M2 Peak, visually indicating that XRP historically lags behind liquidity expansion.
This approach frames XRP as a reactive asset to macro liquidity shifts. The chart suggests the market may enter a bullish phase over the next 110 days (into late July and early August), potentially culminating in a rapid price escalation.
While the projection is optimistic, EGRAG also offers caution, noting that price action may be volatile in the short term. He described the digital asset’s immediate future as choppy, aligning with the sentiment shared by other analysts that XRP will struggle this month before the expected bullish surge starts building.
Furthermore, the analyst advises viewers to prepare for a climactic market phase and ensure they take profits at the right time. He stated that the next rally would result in a blow-off top—a rapid price increase followed by a sharp reversal. The message emphasizes strategic exits as the price rises rather than holding through potential reversals.
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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