The analyst expects XRP to decline to this support level before rising to $ 7.5, $ 13 and $ 27

A well -known market analyst believes that XRP is still vulnerable to another registration major Ride before eventually gathering to its highest level.

It is worth noting that XRP recently managed to restore the two -dollar price level, a decisive psychological mark dictating market morale. However, despite this recovery, the original is still equally.

On the one hand, the continuous total economic tensions, especially the surrounding global trade issues, have been affected by investor morale. Although President Donald Trump’s recent move to stop the 90 -day customs tariffs stopped, the uncertainty in the total market is still existing.

XRP failed to close over $ 2.3 to $ 2.5

Amid this uncertainty, analyst Egrag Crypto certain XRP is still volatile. According to his latest analysis, “XRP Kangaroo shines.” XRP may face another contraction before it is prescribed major The bullish gathering.

With the passage of X, EGRAG warned that XRP should be closed decisively above $ 2.3 to $ 2.5 on the graph for 5 days to confirm the upward continuation. He pointed out that the failure to achieve this teacher may lead to a decline towards the support level of $ 1.85.

For the context, the last time XRP saw that support of $ 1.85 was a week ago, before its impressive recovery by 14.33 % on April 9. It was held over $ 1.9 to $ 2But Egrag says he may lose this threshold.

Specifically, the EGRAG analysis appeared on April 13, and at that time, XRP had less than 3 days to complete the candle for 5 days. currently, This candlestick closed with XRP trading less than $ 2.3 to $ 2.5 dollar. this It indicates that the expected decline in the analyst may be set.

A possible decrease to $ 1.85 and $ 1.40

At the time of the press, XRP has seen fixed declines of trade at $ 2.07, and now only 10.7 % of reaching a mark of $ 1.85. Meanwhile, in his report, EGRAG also suggested that even the deepest recovery of less than $ 1.85 is possible in the short term.

The worst scenario has identified as XRP suffers from an acute liquidation event, and it is immersed shortly to $ 1.40, which is the lowest new annual level. According to him, market makers often use sudden news or unexpected events for this volatile price move engineer, raising retailers.

XRP goals remain intact

However, EGRAG believes that this potential decrease is part of the broader bullish preparation, not a sign of weakness in the long run. Despite the short -term danger to a decline, it is still optimistic about the long -term XRP capabilities.

The analyst confirms that XRP still has its eyes on three major Price goals. The first goal is $ 7.50, which represents an increase of 262 % over the current levels. For the second goal, he sees EGRAG XRP demanding $ 13, a level Previously harassed By Market Observer Cassie. Meanwhile, Egrag has Ultimate XRP goal of $ 27.

Data shows from his plan that he expects the price procedures 2017 to 2018. For context, During this period, XRP first got a rally by 6,896 % from $ 0.0057 in February 2017 to $ 0.3988 in May 2017.

After that, and unification fell in October before engineering the second budget by December 2017, which led to a peak of $ 3.31. EGRAG believes that the current price is compatible with the XRP position in October 2017, and is on the horizon.

Similar to previous geopolitical tensions

He also identified similarities with previous encryption cycles, with a highlight of how news about China’s position on Bitcoin Mining appears major Market movements. I remember that China announced a ban on bitcoin mining in May 2021, which led to a sharp decrease of 46 % at the BTC price from 58 thousand dollars to 34 thousand dollars.

Bitcoin finally recovered with the name The campaign fades on mining activitiesReaching $ 69,000 in November 2021. Interestingly, EGRAG is similar to this position to geopolitical issues today, as President Trump’s imposition and definitions can lead to sharp fluctuations in asset prices.

It is interesting, Despite his condemnation of the XRP track, EGRAG does not trade the original. He reveals that he does not go long or short on the original. Instead, he focuses on accumulation Xrp At specific levels. Currently, its strategy is to fill its positions with a gradual increase during the declines.