Crypto market analyst EGRAG Crypto has published a technical analysis update on XRP, accompanied by a detailed chart that outlines a bullish scenario that places the digital asset at the beginning of a potential major breakout.
The analysis centers on XRP’s monthly chart and utilizes Fibonacci extension levels to project potential price targets over the coming months. EGRAG points to the $2 price level as a pivotal point of market sentiment, suggesting it marks the beginning of the so-called FOMO (fear of missing out) stage.
#XRP – The Kangaroo Will Jump!
(3 Fibs)
As long as we stay above $2, we’re on the safest foundation!
. Many moons
ago, I mentioned that $2 would mark the FOMO STAGE and ignition phase.
The shape and formation of the March 2025 candle is strikingly similar to October… pic.twitter.com/c4k9z2464f
— EGRAG CRYPTO (@egragcrypto) April 6, 2025
According to the analyst, as long as XRP remains above the $2 level, it maintains what he named the “safest foundation.” He emphasizes that this zone represents a key psychological and technical threshold.
The current chart candle for March 2025 is highlighted as particularly significant due to its visual and structural resemblance to the October 2017 monthly candle, which historically preceded XRP’s massive bull run into late 2017 and early 2018.
EGRAG refers to that past rally as a historical reference point and argues that if the current price structure behaves similarly, XRP could be on the brink of a strong upward movement. He describes the March 2025 candle as strikingly similar in shape and volume to the October 2017 candle. In that earlier cycle, the following November candle was characterized by ranging behavior before explosive growth happened in December 2017 and January 2018.
March 2025 Candle Mirrors October 2017 in Structure and Significance
EGRAG’s emphasis on the March 2025 candle is rooted in its resemblance to the historical October 2017 formation. His comparison suggests that the market could enter a similar pre-breakout consolidation phase. The implication is that April and May 2025 may echo the ranging behavior seen in November 2017, potentially setting the stage for a rapid rise in price during the months to follow.
In the shared chart, two kangaroo icons are placed—one referencing the earlier 2017 price movement and the other reflecting XRP’s current behavior. These are used to highlight key turning points where XRP began a sharp upward move following consolidation.
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Fibonacci Extension Levels Indicate Strong Upside Potential for XRP
Regarding future price targets, EGRAG highlights three key Fibonacci extension levels. The 1.236 level corresponds to a projected price of $7.50. The 1.414 level points to a potential move up to $13.70, while the 1.618 extension indicates a target of $27.30. These levels are derived from historical price action and are widely used in technical analysis to forecast the conclusion of upward price movements during bullish trends.
The chart also shows that XRP has remained above a long-term ascending support channel that dates back to 2014. The analyst notes that the price has respected this structure across multiple market cycles, lending credibility to its current technical positioning.
He concludes by stressing the importance of holding above the $2 mark, which he believes serves as a psychological confirmation and a technical base for further gains. Referring to this moment as decisive, EGRAG calls on the XRP community to stay strong, reiterating his view that the asset is on track for a significant breakout. The tweet closes with a message of encouragement: “Together We Rise.”
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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