XRP Price Analysis: Elliott Wave and Wyckoff Trigger Bullish Outlook, Analyst EGRAG Crypto Eyes $2.50 Resistance After Predicting $2.28 Surge
Recent XRP price analysis highlights the application of Elliott Wave Theory and Wyckoff reaccumulation principles, suggesting XRP could be on the verge of a significant breakout. Technical indicators such as MACD bullish divergence and Fibonacci extensions indicate potential targets between $2.9 and $3.4 if the price confirms a breakout above the $2.56 trigger. Separately, EGRAG Crypto—an influential analyst—successfully predicted XRP’s rise to $2.28 using a multi-SMA strategy and Fibonacci retracement zones. He identified $1.91 as key support, with $2.50 as critical resistance. XRP bulls defended the $1.91 level, driving a rally that validated EGRAG’s forecasts. Currently, XRP consolidates just below $2.50, with traders closely monitoring this resistance for signs of further upside toward double-digit targets, or potential pullback if rejected. The prevailing market sentiment is cautiously optimistic, bolstered by technical analysis and accurate predictions from respected analysts. This comprehensive technical breakdown is particularly relevant for XRP traders seeking insight into key market levels and upcoming volatility. Primary keywords: XRP price analysis, Elliott Wave, Wyckoff reaccumulation, technical resistance, bullish trends.
Bullish
The combined analyses reinforce a bullish outlook for XRP. Technical chart patterns, including strong support at $1.91 and a potential breakout above $2.50, suggest upside momentum could continue, especially if key resistances are breached. Both the Elliott Wave and Wyckoff analyses point to the end of reaccumulation and the onset of a markup phase. The successful predictions by EGRAG Crypto have boosted market confidence. While there is still risk of short-term corrections, the weight of evidence currently favors a sustained upward trend for XRP, making the overall market view bullish in both the short and medium term.