XRP has shown impressive resilience, maintaining its price above $3 over the past two weeks, despite market volatility.
EGRAG Crypto, a well-known market analyst, believes that XRP is poised for significant price growth following its breach of the Bull Market Support Band (BMSB).
XRP Holds Strong Above $3
XRP has been trading at $3.08, slightly down by 1.26% but still holding steady above the critical $3 support. This consistent price floor has led analysts to become confident in its upward potential.
Bullish Indicators for XRP
For the first time, XRP is positioned to close a 6-month candle above the BMSB, marking a bullish signal.
The support band, which lies at $2, now looks unlikely to be breached, barring major global crises or market crashes.
XRP’s Price Targets
EGRAG Crypto set two price targets for XRP:
- Conservative Target: Between $8 and $13, a rise of 159% to 322% from current levels.
- Aggressive Target: Aiming for $27 to $31, which would require 776% to 906% growth from the current price.
If XRP continues to follow its established patterns, these ambitious targets are within reach.
