Trading at $2.28 as of press time, XRP shows a 2.25% daily dip but remains up 8.88% over the past week. Market analyst EGRAG CRYPTO projects this price move as the early stage of a broader rally into what he calls the “Blue Ocean” zone, where targets at $9.5, $17, and $27 define the upper bullish potential.
According to the analyst, a breakout from a long-term descending triangle labeled the ‘Red Lake’ has suppressed XRP. This recent movement over this range and the “Final Wake-Up Line” is a structural shift in XRP’s long-term chart. This breakout follows XRP’s rise past the Equilibrium zone near $0.65, which acted as a median point for several prior cycles.
