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XRP has experienced a short rally After the US Securities and Exchange Commission recognized The XRP ETF entering Grayscale, which temporarily causes bullish momentum. Although the increase has since been delayed, it has again brought the price level of $ 3 to the picture. However, the technical analysis suggests that XRP remains on the rails for higher price goals above $ 3.
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Building on these prospects, crypto analyst Egrag Crypto has projected that XRP could be on its way to $ 15 and possibly $ 17, with reference to the strength of the current market structure. However, he warns that although the setup seems promising, a confirmed outbreak is essential before these goals can be fully considered.
XRP Bullish Pennant points to $ 15- $ 17 target
Crypto analyst Egrag Crypto has built up a reputation for Consistently make bullish predictions On XRP, even during the long -term phase of multi -year phase when the token traded around $ 0.5. Despite skepticism from other analysts, the analyst remained stuck in his long -term prospects and made various ambitious prize goals for XRP. Many of these goals have now come true In recent months, with XRP climbing to multi -year highlights and recently a peak of $ 3.40.
In His last analysis, Egrag emphasized that the price structure of XRP acts within a bullish pennant formation. This bullish pennant formation, as in the name, is expected to result in a significant movement up after the upper trend line of the pennant has been broken.
In terms of a price forecast, the analyst noted that a measured movement from the bottom of the pennant translates into a price target of $ 15. An aggressive projection, using the pole leg from the top of the pattern, points to a potential rally to $ 17.
Image From X: Egrag Crypto
$ 3.40 level contains the key to price target confirmation
Although the technical pattern further suggests, Egrag emphasized that the Altcoin should reach a solid outbreak above $ 3.40 to validate this bullish process. This level acted as an important resistance zone in January and doubles as XRP’s price of all time since 2018. A decisive step than $ 0.34 would offer the confirmation needed for further profit.
In addition to emphasizing the bullish pennant, Egrag Crypto pointed to a crucial level of support that is displayed by a yellow trend line on the XRP price diagram above. Until now, this line has been respected since the beginning of 2025 and as such is a good reference point for assessing the XRP rally. As long as XRP applies to this support, the Bullish Case remains intact. However, a break under this trend line could introduce a more bearish scenario.
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At the time of writing, XRP acts at $ 2.74. In another analysis, Egrag noted that the XRP price should reach a strong close to $ 2.75 to maintain an upward trend and eventually breaking above $ 3.
Featured image of MoneyCheck, graph of TradingView
