Prominent analyst EGRAG has predicted bullish price milestones for XRP in 2025 using a linear regression framework. XRP recently closed a yearly candle above $2 for the first time, adding to bullish sentiment. EGRAG's analysis suggests that XRP could reach price levels of $6.4, $8.5, $13.7, or even $27.5. The analysis utilizes a linear regression channel on a logarithmic scale to identify trends and reversal points. The upper band represents overbought levels, while the lower band suggests oversold conditions. EGRAG believes XRP will approach the channel's upper band in 2025, reaching its major price targets. The analysis identifies specific Fibonacci retracement levels as key resistance zones. XRP could reach $6.4 by March 2025, followed by $8.5 and an intermediate target of $4.4. EGRAG also mentions the possibility of a "blow-off top" scenario, with price targets of $13.7 and $27.5. The analyst outlines two timeframes for these developments: March and November 2025. It is important for XRP to maintain a price above the $0.287 "No-No Zone" as long-term support. Currently, XRP trades at $2.41, showing a recovery from earlier lows.



Other News from Today