XRP $29 Target Back in Focus as EGRAG’s “Just Do It” Model Flags $1.10 Support
Crypto analyst EGRAG CRYPTO says XRP’s price structure remains intact after the 2024 breakout near $1.10, framing the current move back toward this zone as a retest—not a breakdown. XRP is trading around $1.11 (CoinCodex data), with bulls viewing the area as a historically important base.
In the “Just Do It” cycle framework, XRP expands through staged liquidity zones: an early-cycle expansion around $1.10, then a first extension near $5.40 as an initial profit zone. Next comes a mid-cycle band between $11 and $15, where speculation and liquidity typically intensify. The high-end cycle ceiling is projected at $21–$29, conditional on strong macro tailwinds, ongoing capital rotation, and sustained adoption.
The article also highlights two competing narratives traders are debating: whether a Wave B pullback could reset momentum for a stronger continuation, and whether XRP’s growing role in trade finance strengthens its longer-term positioning as a settlement-focused digital asset.
Overall, the piece emphasizes that the roadmap is structural, while market psychology may change as XRP moves through each liquidity tier. Source context includes XRP-related coverage by Coinpaper’s Brian Njuguna.
Bullish
This is mildly bullish for traders because the article frames the current $1.10–$1.11 area as an intact structural base in EGRAG CRYPTO’s XRP “Just Do It” cycle, with a clearly defined upside map toward $5.40, $11–$15, and a conditional $21–$29 target. That supports dip-buying behavior if $1.10 holds, but it also acknowledges uncertainty via the possibility of a Wave B pullback. In similar cycle-theory narratives, markets often respect the first major retest zone before momentum resumes; however, prolonged failure of that base typically triggers stop-outs and shifts traders to a lower-confidence stance.
Short-term, watch whether XRP can maintain structure around $1.10; stability would likely keep traders bidding toward the next liquidity shelf (~$5.40). If volatility increases and a Wave B pullback deepens, traders may reduce leverage and wait for confirmation before re-entering.
Long-term, the mention of XRP’s expanding trade-finance role adds a fundamental tailwind narrative, which can improve hold-time and reduce sell pressure during corrections—provided broader risk sentiment remains constructive. Overall, the piece is more of a bullish framework and trigger-list than a confirmed catalyst, so it can guide positioning but should not be treated as immediate certainty for $29.