Crypto analyst Egrag Crypto has shared a new update on XRP’s price trajectory, refining his earlier projections with a focus on Fibonacci extensions.
His analysis maintains a long-term price target of $27 while emphasizing key structural patterns in XRP’s price action. By removing candle wicks and focusing solely on full-body closes, he aims to provide a clearer and more reliable interpretation of market trends.
#XRP Bermuda Triangle Update: Targeting $27 (Chart Analysis):
For comprehensive insights about the Bermuda Triangle, please refer to my previous post from January 2025: Link
https://t.co/KMrCJZLqyj.
In this update, I've refined my analysis by removing the wicks from the… https://t.co/dWPaFTLRNP pic.twitter.com/z8kFIhP3Kg
— EGRAG CRYPTO (@egragcrypto) March 21, 2025
XRP’s Strength and Bullish Confirmation
The updated analysis highlights XRP’s resilience, noting that the asset has maintained full-body closes above the Fibonacci 1.0 level for three consecutive months. According to Egrag, this is a strong bullish signal, as full-body candle formations provide more reliable confirmations of price movements compared to wick-based fluctuations.
He also identifies the absence of resistance at the Fibonacci 1.236 level as a critical factor, suggesting that XRP is poised for its next leg up. His projections estimate a price range of $5 to $6 in the near term, with the potential for wicks reaching up to $9 or $10 if Fibonacci 1.618 is tested.
Market Scenarios and Cycle Considerations
Egrag outlines multiple potential scenarios based on market timing. If the anticipated price surge occurs before May, a correction could follow before further bullish continuation.
However, if this move happens later in the year—toward the end of summer or in Q4—this could indicate a cycle top, signaling the conclusion of the current phase. He supports the four-year cycle theory, suggesting that XRP’s price movements align with historical market behavior.
Revisiting the Bermuda Triangle Framework
This update builds upon Egrag’s January 2025 analysis, where he introduced the “Bermuda Triangle” framework. This structure incorporates Fibonacci Circle price targets, critical support levels, and long-term market patterns. He previously identified key technical elements, such as the Atlas Line, which he described as an essential support structure maintaining XRP’s price stability.
In that analysis, he also emphasized the importance of the Seven Arcs, which represent Fibonacci Circle-based price targets. With the first four already breached, the next focus is on Arcs 5, 6, and 7, particularly around March 10, 2025. His outlook remains unchanged in this latest update, reinforcing his belief in the long-term trajectory of XRP.
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