As XRP price retests a monthly support level, pseudonymous cryptocurrency analyst Egrag Crypto has set his first major target for the next bull market.
The crypto expert has set $6.40 as the first major target for XRP during the next bull rally, in an X post analyzed by Finbold on July 28. With XRP price trading at $1.06 on Tuesday, Egrag Crypto suggests a potential 503.77% upside.
XRP monthly chart analysis. Source: TradingView
This analyst highlighted that XRP price has finally retested a breakout from its multi-year symmetrical triangle. However, the analysis shows a potential XRP price drop below $1 to its support level around $0.88, which coincides with the 111 monthly EMA (Exponential Moving Average), if the upper border of the multi-year symmetrical triangle fails to hold.
Egrag Crypto sets key liquidity levels for XRP price
Egrag Crypto also identified key resistances to consider before the $1.40 target is hit. Among them is a clear reclaim of the liquidity zone
We współpracy z: https://finbold.com/analyst-sets-first-major-target-for-xrp-price/
