Coin Edition -
- XRP Atlas line targets $1.5, with high conviction to break the White Triangle pattern.
- Critical Fib 1.618 zone ($6.5-$7.5) identified for profit-taking.
- A weekly close above Fib 1.618 could lead to mid-double-digit targets near Fib 2.414 & 2.618.
XRP’s price could be headed for a significant upswing based on two key technical indicators and current market trends. As per the analysis shared by Egrag Crypto, the Atlas Line for XRP is raised to $7.5 with $1.5 as the initial target. Expressing a high conviction of breaking the White Triangle pattern, Egrag Crypto is confident XRP will surpass this initial resistance level.
Next, the analysis highlights a key price zone between $6.5 and $7.5, known as the Fib 1.618, where profit-taking is expected to occur. Traders and investors are therefore advised to keep a close eye on this zone for potential price movements and adjust their positions accordingly. If XRP manages to overcome the Fib 1.618 level in a week, the analyst predicts the next targets to be in the mid-double digits, near the Fib 2.414 and 2.618 levels. This suggests further upside potential in XRP’s price action, as long as the current bullish momentum is maintained.
#XRP ATLAS LINE – $7.5 is Target Number 1 (UPDATE):