A crypto analyst has boldly predicted a significant <a href="https://www.newsbtc.com/news/ripple/xrp-price-set-for-colossal-63000-breakout-as-ripple-secures-crucial-partnership-in-europe/" rel="nofollow noopener" target="_blank">price breakout for the XRP price</a>, setting a target as high as $7.5 despite the cryptocurrency <a href="https://www.newsbtc.com/news/ripple/xrp-price-dips-0-5120/" rel="nofollow noopener" target="_blank">trading below $1</a> presently. While this projection may seem ambitious, if realized, it would mark new all-time highs for XRP, decisively ending the cryptocurrency’s <a href="https://bitcoinist.com/xrps-underperformance-ruffles-feathers-as-community-asks-ripple-to-do-something-about-price/">years-long downward trend</a>. 
<h2 id="xrp-s-roadmap-to-7-5-price-target">XRP’s Roadmap To $7.5 Price Target</h2> 
On June 10, a crypto analyst identified as ‘Egrag Crypto’ took to X (formerly Twitter) to share his bullish <a href="https://x.com/egragcrypto/status/1800073516173152259?s=46" rel="nofollow" target="_blank">projections</a> about the XRP price. According to the analyst, XRP is poised to reach a critical target level of $7.5 before the start of 2025.&nbsp; 
He expressed a strong belief that the XRP price will potentially break the “White Triangle” pattern and hit a measured move at $1.5, effectively kickstarting a short but <a href="https://www.newsbtc.com/news/ripple/xrp-bullish-outlook-analyst-predicts-mega-run-on-the-horizon/" rel="nofollow noopener" target="_blank">robust upward momentum</a>. Sharing a price chart of XRP’s movements from 2020 to 2026, <a href="https://www.newsbtc.com/news/ripple/xrp-bullish-outlook-analyst-predicts-mega-run-on-the-horizon/" rel="nofollow noopener" target="_blank">Egrag Crypto</a> illustrated a unique triangle pattern which emphasized a critical <a href="https://www.newsbtc.com/news/fibonacci-day-how-to-use-math-to-trade-bitcoin-and-altcoins/" rel="nofollow noopener" target="_blank">Fibonacci</a> 1.618 zone, ranging from $6.5 to $7.5.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium wp-image-304970" src="https://bitcoinist.com/wp-content/uploads/2024/06/XRP-price.jpeg?w=512&amp;resize=512%2C213" alt="XRP price" width="512" height="213" data-recalc-dims="1"> 
The analyst revealed that this Fibonacci 1.618 zone was a key <a href="https://www.newsbtc.com/news/ripple/xrp-price-struggle-0-500/" rel="nofollow noopener" target="_blank">resistance area</a>, emphasizing the significance of this range as a prime opportunity for profit-taking by investors. Given XRP’s current price, a rise to new all-time highs may seem far-fetched to most XRP investors who have consistently experienced the cryptocurrency’s long-term <a href="https://www.newsbtc.com/news/ripple/ripple-150-million-xrp-sale/" rel="nofollow noopener" target="_blank">price stagnation</a>.&nbsp; 
Egrag Crypto’s <a href="https://www.newsbtc.com/news/ripple/xrp-price-rally-50000-to-250/" rel="nofollow noopener" target="_blank">bullish projection for XRP</a> serves as a beacon of hope to XRP supporters who anticipate potential price increases for the cryptocurrency. The crypto analyst has urged the <a href="https://www.newsbtc.com/news/ripple/trader-bitcoin-bull-run-could-force-xrp-army-to-surrender-admit-defeat/" rel="nofollow noopener" target="_blank">XRP army</a> to remain steady and patient, emphasizing that XRP’s breakout might follow the pump of other major cryptocurrencies in the market.&nbsp; 
“Trust me, all we need is for other coins to pump before XRP. The rotational profits will pour 100% into XRP because it is the BLACKHORSE which all my bets are on,” the analyst stated. 
Looking further ahead, Egrag crypto has also projected a rise to mid-double digits for XRP. He disclosed that if XRP manages to close every week above the Fibonacci 1.618 level, the cryptocurrency could see a new <a href="https://www.newsbtc.com/news/ripple/inverted-hammer-xrp-price-chart/" rel="nofollow noopener" target="_blank">price target</a> at the Fibonacci 2.414 and 2.618 levels. These levels indicate a <a href="https://www.newsbtc.com/news/ripple/xrp-price-aims-0-550/" rel="nofollow noopener" target="_blank">potential bullish surge</a> between $25 to $45.&nbsp;&nbsp; 
<h2 id="update-on-xrp-price-performance">Update On XRP Price Performance</h2> 
Despite Egrag Crypto’s bullish outlook for the XRP price during this cycle, the price of the cryptocurrency has continued to spiral downwards. XRP is showing a disappointing <a href="https://www.newsbtc.com/news/xrp-price-risk-0-480/" rel="nofollow noopener" target="_blank">price performance</a>, recording a 2.15% decline in the last 24 hours.&nbsp; 
The cryptocurrency has been <a href="https://www.newsbtc.com/news/ripple/xrp-price-faces-hurdles-0-550/" rel="nofollow noopener" target="_blank">consolidating around the $0.5 price mark</a> for years. At one point this year, it even rose as high as $0.6, witnessing gains as the volatility in the crypto market’s volatility calmed slightly. 
As of writing, the <a href="https://www.newsbtc.com/news/ripple/xrp-price-rebound-0-5050/" rel="nofollow noopener" target="_blank">price of XRP</a> is trading below $0.5, experiencing a steady decrease in its value from the previous month. The cryptocurrency’s price is currently $0.48, marking a substantial 6.61% decline over the past seven days, according to CoinMarketCap. 
Despite the <a href="https://www.newsbtc.com/news/ripple/crypto-analyst-xrp-0-75-july-despite-year-long-slump/" rel="nofollow noopener" target="_blank">bearish performance</a>, XRP’s trading volume is surging. The cryptocurrency has seen a remarkable 80.02% increase in its 24-hour <a href="https://www.newsbtc.com/news/ripple/heres-how-xrp-trading-volume-fared-in-q4-2023/" rel="nofollow noopener" target="_blank">trading volume</a>, underscoring the sustained interest and demand for XRP amongst crypto traders and investors.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/NbRy9Svs/" alt="XRP price chart from Tradingview.com" width="3286" height="1576">

Crypto Analyst Predicts XRP Price Breakout Of Critical Zone, Sets Target As High As $7.5

Table of Contents

Bitcoinist

Other articles published on Jun 11, 2024

BTC Price at a Crossroads: Breakout or Breakdown?

ALTCOINS in This Ecosystem Pumped 200x

ECB’s Lagarde Discusses Digital Euro Launch Before Her Term Ends in 2027

Exclusive: Would Nirmala find love for crypto in her 2nd term?

Travala.com Partners with Toncoin for Enhanced Travel Services

Bitcoin & Ethereum Balances Hit 4-Year Lows Pre-July 2020

Join our free newsletter for daily crypto updates!