Analyst EGRAG Projects XRP Scenarios: $8.6 (Moderate) or $11.1 (Maximum)
Crypto analyst EGRAG CRYPTO published two monthly-chart scenarios for XRP that project distinct long-term targets based on different market structures. Scenario 1 (maximum expansion) assumes a lower support at $0.60 and uses a 1.618 Fibonacci extension to project a top near $11.12. This path implies deeper drawdowns, higher short-term volatility, and larger potential long-term gains if the $0.60 trendline support—tested multiple times since 2016—holds. Scenario 2 (moderate growth) sets a higher floor at $0.90 and a 1.618 Fibonacci target near $8.64, indicating less downside risk, reduced volatility, and a smaller upside ceiling. EGRAG notes Chart 2 may attract more participation due to perceived safety, while Chart 1 demands greater conviction but offers higher returns. The analysis emphasises trendline retests (most recently late 2024), Fibonacci extensions, and risk tolerance as key variables for traders considering entries around the identified supports. Disclaimer: this is opinion-based analysis, not financial advice.
Bullish
The report is bullish because both scenarios project significant upside for XRP (to ~$8.64 and ~$11.12) based on established technical frameworks: ascending trendline support and 1.618 Fibonacci extensions. Scenario 1 is higher-reward but higher-risk, requiring the $0.60 floor to hold; Scenario 2 offers a safer path with a $0.90 floor and lower volatility but still meaningful gains. For traders, this likely increases buying interest around the identified supports and during compression phases, supporting accumulation and upward price pressure. Historically, repeated trendline retests followed by strong rallies (noted most recently in late 2024) have preceded sizable moves, so markets may respond positively if supports hold. Short-term: volatility could spike around retests and news reactions, producing trading opportunities (swing trades, defined-risk entries near support). Long-term: if macro liquidity and crypto sentiment remain constructive, the technical setups point to material upside potential, reinforcing a bullish bias. Risks: failure of support levels, negative macro news, or adverse on-chain/legal developments could invalidate targets and produce sharp downside—Scenario 1 explicitly demands tolerance for deeper drawdowns. Overall, the piece should be interpreted as a technical bullish roadmap contingent on support validation.