HomeCryptocurrencyEgrag Crypto Says XRP Holders Need to See This Price Chart

Egrag Crypto Says XRP Holders Need to See This Price Chart

Crypto analyst EGRAG CRYPTO (@egragcrypto) recently posted a monthly XRP chart. The post read: “No predictions. No explanation. No noise.” He asked followers to zoom out, study the structure, and draw their own conclusions. The chart, however, carries significant detail.

XRP was trading at $1.52 at the time of the post. The monthly chart spans from 2014 to a projected 2029 outlook, and the technical setup suggests an upward move is coming.

The Structure on the Monthly Chart

The chart shows three major accumulation zones, each highlighted in green and labeled with volume and bar data. The first ran 30 bars (912 days) with a volume of 10.62 billion. The second covered 23 bars (699 days) with a volume of 2.03billion. The current zone shows 17 bars (518 days) with a volume of 2.91 million.

A long-term diagonal called the Atlas Line runs from the lower left of the chart upward through price history. Three descending trendlines labeled Line 1, Line 2, and Line 3 intersect near the current price, forming a compression structure. The 50 EMA and 100 EMA are visible, and XRP’s price sits just above both moving averages.

Fibonacci Levels and the Upside Targets

The chart plots three 1.618 Fibonacci extension levels on the right side. Those levels sit at approximately $6.81, $10.31, and $31.64. One community member agreed with this read, stating that the chart shows XRP targeting $31. A large arrow on the chart points upward toward those targets, originating from the current compression zone near $1.51.

Three horizontal lines also run across the chart at approximately $0.69, $0.29, and $0.098. The chart labels each as a 0 Fibonacci level. They mark prior structural price points across the full timeline.

The Cycle Pattern the Analyst is Highlighting

The three accumulation zones follow a recognizable sequence on the monthly chart. Each prior zone preceded a significant price expansion. The current zone sits at the intersection of the Atlas Line and the descending trendlines at $1.40, placing the asset’s price at a technically significant convergence point.

EGRAG CRYPTO’s post invites readers to reach their own conclusions: “Just ZOOM OUT, look at the structure, and tell me what YOU see.” Many in the community are bullish on the outlook. The chart offers Fibonacci targets; the cycle structure and the trendline compression all point to another expansion phase on the horizon.

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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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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