Ripple's XRP may be preparing for what an analyst calls the "final stretch" before the market cools down. EGRAG Crypto, a leading analyst, has shared his views on XRP, suggesting that the XRP price is under pressure and could soon make a historic move.
He is monitoring the six-month chart and notes that the current candle still has nearly five months left to close, creating ample room for significant price volatility.
In the past year, XRP has witnessed two strong bull runs. The first bull run started in November 2024 and brought the token price to $3.40 in January, an increase of nearly 600%.
After cooling off in the spring, the second bull run occurred in July, bringing the XRP price to $3.66. Some traders consider this a new all-time high, while others argue that the real high remains at $3.84, meaning XRP has not officially broken its record.
The market is currently divided. Some traders believe the bull run has ended and have started shorting XRP. Others remain optimistic, believing that this token could still rise to double digits.
EGRAG fully supports the bullish outlook. He believes there will be one more explosive leap before the bear season begins, and he has outlined ambitious targets.
In his analysis, he shared two potential scenarios. On the standard price scale, XRP could rise to $4.89, an increase of 63% from the current price of around $3.
On the logarithmic scale, the target is much higher, at $48.90, equivalent to an increase of over 1,500%. To balance the extreme levels, he averaged the two figures and made a bold prediction of $27 for each XRP, an increase of about 800%.
EGRAG stated that the key to unlocking this bull run is a strong move above what he calls the "Bifrost Bridge," a resistance area that the XRP price has tested for over 240 days.
A decisive breakout there could pave the way for a price level of $20–30, a price never before seen in the history of this token. Previous price surges in 2017 and 2021 show that when XRP breaks through major resistance, it can accelerate quickly, and this analyst believes that history may repeat itself.