EGRAG CRYPTO Says XRP Reclaiming $2 Would Bolster $7 to $9 Outlook

EGRAG CRYPTO’s latest chart analysis says XRP (XRP) regaining $2 would strengthen his confidence in a possible $7 to $9 cycle peak, while outlining other possible price moves.

In an Oct. 19 analysis, EGRAG CRYPTO mapped a move toward $1.80 to $2 over the next one to two months. He said a return above $2 would strengthen his conviction in the pattern he has tracked for 77 days. The $7 to $9 range is his possible top for the current cycle.

The weekly chart compares XRP’s price pattern with one inspired by Bitcoin (BTC). It marks a breakout from a falling wedge in late August, after more than a year in that formation, followed by an 11-bar consolidation lasting 77 days. EGRAG CRYPTO said the structure remained in place and that he had shared the comparison five or six times.

Fibonacci extension levels on the chart sit at $5.24 for the 1.272 extension, $6.32 for the 1.414 extension and $8.26 for the 1.618 extension. The $8.26 level falls within the possible $7 to $9 cycle-top range. The chart also depicts a corrective move before a later advance.

The analysis allows for a pullback toward $1.50 before a later expansion. It also describes a possible three- to six-month correction before a major rise. The analysis frames the $7 to $9 range as a current-cycle target, apart from arguments about much higher long-term price levels.

A separate XRP analysis of a possible $2.20 to $2.30 zone used a three-stage price pattern. Its projected final rise had not occurred when that article was published.