The Crypto Basic

Ripple #XRP escrow reserves could take another nine years to run out if the company continues its current pattern of releasing and re-locking tokens.
According to Ripple’s latest XRP distribution data, the company holds 32.9 billion XRP in escrow and another 5.03 billion XRP in wallets under its direct control. At current prices, the escrowed XRP alone is worth over $37 billion.
Escrow Balance Continues to Decline
Notably, Ripple placed 55 billion XRP into escrow in December 2017. Under the system, up to 1 billion XRP is released every month.
However, Ripple does not typically use the full amount. Instead, it re-locks a large portion of the released XRP to limit new supply entering the market.
Recent data shows the escrow balance fell from 36.2 billion XRP in June 2025 to 32.9 billion XRP today. That means roughly 3.3 billion XRP has been removed from escrow over the past year. Currently, XRP’s circulating supply is over 62 billion tokens, compared to 58.93 billion XRP.
Data from Whale Alert indicates Ripple has largely maintained its recent strategy of re-locking between 700 million and 900 million XRP each month. Specifically, the company re-locked 700 million XRP in January, February, March, April, and May.
This suggests Ripple is retaining about 300 million XRP from each monthly release. The funds are typically used for operations, partnerships, liquidity programs, and ecosystem growth.
Current Pace Points to a 2035 Depletion Date
If Ripple continues using around 300 million XRP per month, its remaining 32.9 billion XRP escrow reserve would last about 109 to 110 months. That translates to roughly nine years, putting the projected depletion date around mid-2035.
The estimate aligns with earlier projections that suggested Ripple’s escrow holdings could last close to a decade under its current distribution strategy.
In a tweet, XRP advocate Bill Morgan said Ripple should reduce the amount it re-locks each month. Specifically, he called for the company to release 1 billion XRP each month and not lock so much back into escrow.
To him, the sooner all XRP is released from escrow and the circulating supply reaches 100%, the faster XRP will become “the best hard money,” Morgan said.
Higher Usage Would Accelerate Escrow Depletion
Indeed, a higher monthly utilization rate would significantly shorten the timeline.
For example, if Ripple increased its monthly usage to 400 million XRP, the remaining escrow balance would be exhausted in about 82 months, or 6.8 years. That would bring the depletion date forward to early 2033.
If Ripple stopped re-locking XRP altogether and released the full 1 billion XRP every month, the escrow would be depleted in roughly 33 months, or less than three years.
#CryptonewswithJack

#Cardano may have bottomed and could be beginning a major cycle transition after spending several months in a prolonged downtrend.
Cardano (ADA) trades at $0.160, down 94.8% from its all-time high of $3.10. From the cycle’s peak price of $1.32 in December 2024, it is down 87.8%, further reflecting the deep correction that has mirrored the broader market trend.
Recently, ADA broke below its previous cycle’s low of $0.22 to the current market price. The token now trades at price levels last seen in 2020. But could the downtrend be over for the now 16th-largest cryptocurrency by market cap?
A Potential Turning Point for Cardano?
Notably, the crypto market often moves through cycles, with bullish and bearish phases unfolding over multiple years. An example is what happened between 2021 and 2023. Cardano grew by 621% in 2021 to its peak and current all-time high of $3.10.
After reaching the peak, ADA entered a deep correction that erased a significant portion of its gains. It spent years consolidating before building a base. June 2023 marked an important shift in Cardano’s structure as the market found stability. The coin finally bottomed out at $0.22 after a staggering 93% crash.
What followed was months of recovery that carried ADA substantially higher into late 2024. It rose an impressive 500% from the low to the December 2024 high, as bulls reclaimed control of the market from bears.
Now, attention is once again turning to June 2026. Cardano has dropped to multi-year lows and has also dropped well below prior highs, with some analysts suggesting the possibility of a price bottom.
One of the reasons for this bias is the timing of the previous bottom. ADA formed a base in June 2023, exactly 21 months after its 2021 peak. Currently, it has been 19 months since the coin peaked in December 2024. If ADA finds a durable base as it did three years ago, then a turning point is near.
ADA Targets New Expansion Phase
If the broader correction has indeed run its course, Cardano could be entering the early stages of a new expansion period. As seen after June 2023, ADA could start to reclaim higher prices in the coming months, shifting momentum bullish.
However, the exact duration of the next bull cycle remains uncertain. Unlike previous periods, today’s market is evolving alongside growing institutional adoption and a changing regulatory landscape. As a result, future cycles may not follow the same timeline as the past.
Analysts have already projected potential targets for Cardano. Celal Kucuker shared in an analysis that $4.2 is the target for a new bull rally, citing an “incredibly clean” chart setup. Meanwhile, short-term targets include the golden pocket at $0.70, according to Tim Warren.
#CryptoNewss

Data from rwa.xyz shows that stablecoin transfer activity on the #XRP Ledger (XRPL) has reached $5.11 billion over the past 30 days.
Notably, this represents a 22.84% increase compared to the previous month. The rise points to stronger on-chain liquidity and also suggests growing use of tokenized cash-like assets across the XRPL ecosystem.
Ondo Fund Becomes Second-Largest Tokenized Asset on XRPL
The same dataset indicates that the Ondo Short-Term U.S. Government Bond Fund is now the second-largest tokenized fund on XRPL.
It is only behind RLUSD-related flows in size and activity. The fund recorded about $259.6 million in transfers during the period, signaling rising institutional interest in on-chain tokenized U.S. Treasury exposure.
The trend suggests that tokenized real-world assets (RWAs) are gaining a more visible role within the XRPL ecosystem.
XRPL Shows $3.66B in Off-Chain RWA Pipeline
Meanwhile, additional data from rwa.xyz reveals that XRP Ledger currently has about $3.66 billion in real-world assets represented off-chain. For comparison, Stellar holds around $79.35 million in similar represented value.
This suggests that XRPL has secured significant institutional commitments in recent months.
Some supporters believe this off-chain pipeline could begin moving on-chain more rapidly as XRPL infrastructure improves. Key upgrades often cited include:
Confidential transactionsXLS-66 lending functionalityExpansion of RLUSD across multiple chains
The argument is that the $3.66 billion in represented assets may not enter the system gradually. Instead, it could move in larger waves once tokenization rails and institutional integrations mature.
XRPL Leads RWA Tokenization With $1.9B Inflows
XRPL’s growing momentum is further strengthened by recent data showing that it recorded the highest net RWA inflows across major blockchains over the past 90 days.
Data from the RWA Foundation confirmed that XRPL attracted $1.9 billion in net RWA inflows (excluding stablecoins), ahead of Ethereum’s $1.6 billion and Stellar’s $1.4 billion.
Moreover, Messari’s Q1 2026 report shows XRPL’s RWA market cap surged 124.1% quarter-over-quarter to $2.25 billion, ranking it seventh globally at the time before rising to fourth. Distributed RWAs on XRPL also climbed to $451.1 million, up 35.6% quarter-over-quarter.
Evernorth data shows XRPL scaled from $10 million to $400 million in tokenized RWAs in ~15 months, compared to ~36 months for Ethereum. Year-to-date growth also favors XRPL, up 78% versus Ethereum’s 36%.
Overall, inflows and adoption trends suggest XRP Ledger is becoming one of the fastest-growing hubs for tokenized real-world assets.
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On-chain data indicates that retail wallets holding at most 5,000 #XRP tokens make up more than 93% of the total XRP-based addresses.
The XRP ecosystem has continued to witness remarkable expansion in recent times. While wallet growth has slowed this year amid bearish sentiment triggered by ongoing price struggles, XRP is already on course to hit the 8 million milestone.
Interestingly, data confirms that most of the wallet growth this year has been driven by retail investors who have continued to show interest in XRP despite the selling pressure. Today, retail wallets holding 5,000 XRP tokens or less make up 93% of total XRP addresses.
XRP Hosts 7.4M+ Retail Wallets
According to on-chain data sourced by XRP Rich List, a community-driven resource, the XRP Ledger (XRPL) now hosts exactly 7,409,974 retail wallets holding at most 5,000 XRP tokens (currently worth $5,650).
Of this figure, the lowest tier of wallets, involving those holding 20 XRP ($22.6) or less, accounts for 3.969 million, making up the largest share of retail wallets. Meanwhile, addresses with 20 XRP ($22.6) to 500 XRP ($565) make up 2.552 million of the total.
As for addresses with 500 to 1,000 XRP ($565 to $1,130), these investors number 263,002, accounting for the lowest share of retail wallets. At the same time, there are 624,489 wallet addresses holding 1,000 to 5,000 ($1,130 to $5,650).
Together, these 7.4 million retail wallets make up about 93% of the total 7.93 million XRP wallets. Addresses holding 5,000 to 1 billion XRP sum up to 523,042, representing a little above 6.5% of the total XRP wallets in existence.
Retail Wallets Hold Minimal XRP
However, despite representing over 93% of total addresses, these retail wallets only hold 2.7% of the circulating XRP supply. Specifically, retail investors with 5,000 XRP or less hold a cumulative balance of 1.844 billion XRP tokens worth $2 billion.
In this area, whale accounts with 100 million XRP ($113 million) to 500 million XRP ($565 million) hold the largest balance for any single address tier, possessing up to 12.715 billion XRP ($14.3 billion), representing nearly 19% of the circulating XRP supply, despite being just 66 in number.
What This Means for XRP
Notably, this distribution leans slightly bullish. When a very large share of wallets holds only a tiny fraction of the supply, it suggests XRP is widely distributed among small participants. This broad user base indicates long-term adoption, as it shows organic interest.
However, it also shows that most of the supply sits with larger wallets, meaning whales and institutions still have strong influence over price movements. This can introduce volatility if big holders decide to sell, but it also confirms that more capitalized players remain invested.
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#XRP may face more downside despite posting modest gains over the past 24 hours.
A recent Elliott Wave breakdown suggests the XRP corrective phase has not yet finished. According to CoinMarketCap data, XRP is trading at $1.14, up 2.07% over the last day. However, the broader trend remains weak. XRP is down 17% over the past month and has lost 37.67% since the start of the year.
Elliott Wave Signals Further Weakness
Notably, the Elliott Wave analysis suggests XRP remains trapped in a corrective structure. Based on the examination, lower prices could come before a meaningful recovery begins.
The Elliott Wave count shows XRP breaking below a descending trendline. The current move may represent the final stage of a five-wave correction. Downside targets are based on Fibonacci retracement levels.
The first major support level sits near the 50% Fibonacci retracement at $0.9859. A move to that level would represent a decline of about 13.5% from the current price.
If selling pressure continues, XRP could fall toward the 61.8% retracement at $0.7367. That would amount to a drop of roughly 35.4%.
The analysis also outlined a worst-case scenario near the 78.6% retracement level at $0.4865. Reaching that target would mean a decline of nearly 57.3% from current levels.
XRP Breaks Key Support as Whale Selling Intensifies
An Earlier analysis by The Crypto Basic revealed that XRP has fallen below the crucial $1.15 support level. Recent recovery attempts have repeatedly failed, with rallies topping out at progressively lower levels ($1.28, $1.25, and $1.22) before facing renewed selling pressure.
The token recently dipped to $1.12 and remains vulnerable unless it can reclaim $1.15. Bearish sentiment is reinforced by on-chain data. According to Santiment, whales sold over 30 million XRP in the last five days, while network activity has dropped roughly 50% in two weeks.
XRP Recovery Targets Remain Intact
While the short-term outlook remains bearish, the analysis points to significant upside potential once the correction is complete.
The first recovery target is the 38.2% retracement level at $1.7028. That would represent a gain of about 49.4% from XRP’s current price.
A rally to the 50% retracement level at $1.9743 would deliver gains of around 73.2%. Meanwhile, a move to the 61.8% level at $2.2890 would result in a roughly 100.8% increase, effectively doubling XRP’s value.
The most bullish target on the chart is the 78.6% retracement level at $2.8256. Reaching that price would require XRP to climb nearly 148% from current levels.
While promising, the Elliott Wave outlook for now suggests XRP’s correction is not yet complete. As a result, traders may continue to brace for lower prices before the next bull run.
#CryptonewswithJack

#Dogecoin continues to slide lower, but has now reached price levels that hold historical significance.
The Dogecoin (DOGE) price struggles mirror a broader market downtrend. With Bitcoin sliding below $63,000 amid Strategy’s STRC preferred stock’s drop to $84 on Thursday, the crypto sector has followed suit.
The meme coin is down 1.3% already at the time of writing, building on its nearly 3% drop on Thursday. Since this week, DOGE has dropped 7%, as bears remain in full control of the market. Meanwhile, the meme coin is now approaching a zone that once sparked a price recovery.
Dogecoin at Historical Accumulation Zone
On the weekly chart, Dogecoin has drifted back into a price region that once acted as a foundation for a major price move. Since dropping to $0.080 in early February, the token appears to have started forming a price range.
Its price rebounded to $0.118 in May, but faced selling pressure there, forcing a retracement. Now, Dogecoin has retested the support level near the February lows. In the first week of June, DOGE slumped to $0.077 before bulls stepped in to prevent further downside.
Currently, it trades at $0.082, still around this key weekly support. This places the meme coin at a critical point in its long-term structure.
Notably, the current setup resembles a previous period when DOGE spent months consolidating near a multi-year support before eventually breaking into a stronger upward trend.
For context, between May 2022 and February 2024, prices remained close to the lower boundary of a broad accumulation range. Dogecoin hovered around the $0.050 support before eventually breaking out to December 2024’s high of $0.484.
Long-Term Support Remains Intact
What stands out is that Dogecoin continues to respect the current support around $0.080. Despite the current price weakness, every downtrend has ultimately found relief near this zone, preventing a deeper structural breakdown.
DOGE broke above the current support in February 2024 and has since not fallen below it. Notably, a quick pullback in August 2024 ended in a lower-price rejection. The asset is again testing an area that has historically attracted long-term accumulation.
Interestingly, similar conditions occurred before the recovery in the previous cycle. The extended periods of weakness gradually gave way to renewed momentum because Dogecoin did not lose key support levels.
Dogecoin Breakout Targets Higher Prices
If this $0.080 support area continues to hold, the focus will shift toward whether DOGE can reclaim higher resistance levels and establish a new upward trend. A decisive move away from the current range to reclaim key moving averages is a good start.
One of the important resistance levels to watch for long-term recoveries is the March 2024 high of $0.228, a 178% growth from here. Another one is the September 2025 high of $0.306, representing a 273% increase from the current price.
An 802% price surge to the current all-time high of $0.74 is a possibility if bullish momentum sustains. Meanwhile, the $1 dream could still come true. If the broader market enters a prolonged uptrend and the 2021 market conditions repeat, DOGE could explode by 1,120% to the long-anticipated price level.
#CryptonewswithJack

While #Cardano (ADA) remains under heavy selling pressure, analysts are seeing promising signs of recovery.
Notably, ADA has dropped out of the top 10 by market capitalization and now ranks 16th among digital assets. It is currently trading around $0.16. Cardano is down 4% in the past 24 hours, 35% over the last month, 53% year-to-date, and 73% over the past year.
The token is now trading at levels last seen in December 2020. Meanwhile, that was just before Cardano began a major bull run that eventually pushed ADA to its all-time high of $3.10 in September 2021. The rally from $0.16 to $3.10 represented a gain of roughly 1,838%.
Key Support Zone
Amid the steep decline, some analysts believe ADA has reached a critical long-term support area. Market analysts noted that Cardano has returned to a price zone where buyers previously stepped in, which is between $0.15 and $0.16. The analyst described it as one of the most important levels on the weekly chart.
A strong reaction from this support area could trigger a recovery toward higher resistance levels at $0.2243, $0.3136, and $0.4488.
However, caution remains. Losing the current support could accelerate selling pressure. In that scenario, ADA may continue falling in search of lower liquidity zones.
ADA Targets on Further Downside
Analyst Ali Martinez said ADA recently broke down from a bearish flag pattern that had been forming since the start of the month.
According to Martinez, ADA’s nearly 30% drop between June 3 and June 16 created the flagpole. The subsequent period of consolidation formed the flag portion of the pattern.
After breaking below the $0.17 support level, Martinez believes the risk of a deeper correction has increased. His downside target is $0.13.
Martinez had previously warned on June 4 that ADA could eventually fall to $0.11 or even $0.051. He made those comments shortly after Hoskinson announced he was taking a break.
Hoskinson Focuses on Cardano Long-Term Growth
As ADA struggles, Cardano founder Charles Hoskinson has urged investors to look beyond short-term price action.
A post from @MinswapIntern highlighted Hoskinson’s recent comments about Cardano’s next phase of development. The founder said the network is preparing for future growth, including the launch of the Leios testnet.
Hoskinson also argued that Cardano’s greatest strength is its community, not its current technology stack or token price. He said the ecosystem has repeatedly shown its ability to evolve and reinvent itself.
He further pointed to projects such as Midnight as evidence that Cardano is expanding beyond traditional crypto use cases and building for long-term adoption.
Community Figure Predicts Return to $3
Meanwhile, Cardano stake pool operator Sssebi pointed to ADA’s strong rally last year. The token doubled from $0.60 to $1.20 after U.S. President Donald Trump announced plans for a strategic crypto reserve that included Cardano.
Sssebi argued that a market recovery could once again drive strong momentum for ADA. He believes the asset could post several consecutive weeks of gains if sentiment improves. According to him, a return to the $3 level could happen much sooner than many investors expect.
“ADA can get to $3 faster than you think,” Sssebi said.
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A fresh analysis has predicted when #Dogecoin will start to recover, when it will peak in the next bull market cycle, and its possible price target.
Market analyst KrissPax highlighted what he described as a 3.5-year Dogecoin cycle in his recent post on X. The analysis identified how the meme coin has historically trended according to the prevailing theory and how it will shape its price action in the coming market cycle.
Dogecoin Nears Lower Boundary of Its Long-Term Channel
This analysis comes as Dogecoin (DOGE) trends near a region that has played a critical role throughout its market history. The asset trades near the lower boundary of a series of ascending trend lines that have guided its price action for more than a decade.
Throughout previous cycles, major market bottoms formed near the lower boundaries of this rising channel before substantial upside moves followed. An example is in March 2020 when Dogecoin bottomed at $0.00134 after falling from the channel’s upper band at $0.018 in January 2018.
This level was just below the lower trendline, with DOGE finding support and subsequently rebounding to higher prices. A similar scenario occurred in 2015.
Now, DOGE is trading at $0.084, exactly at the channel’s lower boundary. The analyst noted that the token is “scraping the bottom” based on a logarithmic chart but does not rule out the possibility of further price weakness.
According to him, DOGE could briefly move below this trendline support as the ongoing bear market persists before establishing a durable bottom.
History Suggests Momentum Could Return Before 2027
Notably, the accompanying chart highlights three major bull cycles in 2017, 2021, and 2024. Each phase appears to follow a similar rhythm, with extended periods of consolidation and declining sentiment eventually giving way to renewed upward momentum.
Following the explosive rally to the current ATH of $0.74 in 2021, Dogecoin entered a prolonged corrective phase that has now lasted for over three years. Bullish momentum returned in late 2024, when DOGE bounced from a support trendline in August 2024 to this cycle’s high of $0.484.
The same thing happened in the previous cycle, when Dogecoin gained momentum in November 2020 and pumped aggressively in the first few months of 2021. If the historical pattern continues to play out, KrissPax suggests that stronger upward momentum could start later in 2026 and continue throughout 2027.
Dogecoin to Hit Peak in Spring of 2028
Using the 3.5-year Dogecoin cycle theory, the analyst projected that Dogecoin will likely peak in the spring of 2028, which is around March of that year. While there is no guarantee to it and cyclical trends do not perfectly rhyme, history shows a consistency in the timing of past bottoms and peaks.
For the target, the chart shows that Dogecoin will at least eye the upper boundary of the ascending channel, as it has unfailingly done in previous cycles. This would see the token potentially reach levels around $2.10, representing a staggering 2,400% increase from the current price of $0.084.
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#Bitcoin whales are aggressively buying the dip, with addresses holding at least 1,000 BTC collectively pushing their stash to a 3-month high.
Data from Santiment suggests that these whales see the ongoing Bitcoin (BTC) correction as an opportunity to buy more. While retail market participants panicked, they increased their holdings to levels last seen since March 14.
1K+ BTC Wallets Now Hold 7.17M Coins
The Santiment data highlighted that this caliber of Bitcoin wallets has taken their total holdings back to 7.17 million coins. According to the market intelligence platform, the last time they held this much was over three months ago, when Bitcoin’s price was around $70,000.
As prices continued to climb, whales with at least 1,000 coins appeared to start taking profit. They sold through the strength as BTC reclaimed $82,000 in May. This is a classic smart money move where big market participants sell the top and buy the bottom.
With Bitcoin now sliding lower, these whales are back buying the dip. They have pushed their collective holdings back to the March 14 levels, stacking 7.17 million BTC (worth $461 million at the current price).
Meanwhile, this accounts for 35.82% of BTC’s available supply of 20.04 million coins. Despite the renewed accumulation, their exposure still falls below the February highs.
For context, as Bitcoin crashed to $60,000 in early February, these wallets aggressively bought the dip, pushing their holdings to around 7.26 million BTC and over 36.30% of the circulating supply.
Currently, there are 2,044 wallets with at least 1,000 BTC, culminating in an average holding of 3,507.8 BTC per wallet.
Bitcoin Accumulation Signals Conviction
Notably, the renewed accumulation amid price weakness indicates a strong conviction that Bitcoin will recover from the current setback. As such, they are positioning themselves to capture the upside when the asset rebounds.
It also boosts market sentiment. Seeing these whales buy the dip reestablishes optimism that the current phase could be temporary. Interestingly, the largest market whales have the reputation of buying near the bottom, further fueling positivity.
Additionally, the growing number of BTC’s supply among whales reduces selling pressure. Large wallets are known to hold longer than retail traders, minimizing the risks of increased selling pressure when market conditions worsen.
Has Bitcoin Price Bottomed?
Amid the whale accumulation, attention continues to shift to Bitcoin’s price action. The asset trades at $64,400, reacting adversely to the decision by the Federal Reserve (Fed) to hold interest rates steady on Wednesday.
Prominent market analysts continue to insist that Bitcoin has bottomed. Coinbase CEO Brian Armstrong stated in a recent episode of the Moonshots podcast that BTC bottomed at $60,000.
However, recent analysis places levels near $48,000 as the most likely bottom, citing the Bitcoin CVDD model that has accurately predicted previous cycles.
#CryptoNewsFlash

A well-known market expert has presented what he calls the “big yellow triangle” guiding #XRP , setting price targets of up to $60 if historical trends hold.
XRP showed signs of strength earlier this week when it climbed to $1.29. However, the asset could not push above that level, recently dropping to $1.18, down 11% so far this month.
While XRP continues to struggle, popular market analyst EGRAG Crypto called attention to a large yellow triangle on the 2-week chart and suggested that it could eventually send the price to levels ranging from $6.5 to $60 if history repeats.
Historical XRP Rallies
In his analysis, EGRAG highlighted three major historical reference points around this yellow triangle, which has acted as a reliable guide toward higher targets.
Specifically, the first XRP market cycle produced a gain of around 8,000%. Meanwhile, the following cycle recorded a rise of roughly 1,900%. For the current cycle, the analyst presented a more conservative projection of about 909%.
Considering the historical context, EGRAG Crypto presented an important question: what if XRP follows the same triangle pattern once again?
He noted that whenever XRP respected the lower boundary of this large triangle and entered an expansion phase, the asset delivered massive gains. Those past performances now act as the basis for his current projections.
The Most Bullish Scenario Targets $60 for XRP
The highest target in EGRAG’s analysis comes from XRP’s earliest major rally within the larger triangle structure.
During that period, the asset surged approximately 8,000%. If XRP repeats a similar move from the lower end of the current triangle, the price could reach about $60.
However, EGRAG clarified that this is not his main expectation. He noted that, while he does not rule out the possibility, it actually represents the most aggressive outcome and one with the lowest probability among the projected targets.
How XRP Could Hit $13
The second scenario comes from XRP’s performance during the previous market cycle. At that time, the asset recorded a gain of roughly 1,900% after moving from the lower section of the triangle structure.
Applying a similar percentage increase from the projected pinkish-line base on the current chart results in a target near $13. According to EGRAG, this appears more realistic because the crypto market has become more mature than it was during XRP’s earlier years.
Although a move to $13 would be less dramatic than the 8,000% rally, it would still represent an impressive increase. As a result, EGRAG says the $13 area represents the most balanced macro target if XRP follows the same pattern seen in the previous cycle.
Conservative XRP Target of $6.5
Meanwhile, EGRAG also presented a more modest outlook based on a projected gain of 909%. In this scenario, XRP would rise to around $6.5, placing it within an important Fibonacci expansion zone.
He admitted that a $6.5 target may disappoint investors who expect XRP to reach double-digit prices. However, he stressed that the chart does not point to a single destination, but instead reveals a range of possible outcomes.
Essentially, the analyst noted that the conservative macro move of 909% points to a range between $6.50 and $9.27 or higher. However, the move of 1,900% supports a target near $13.
Meanwhile, a stronger Fibonacci expansion based on the 1.414 and 1.618 extension levels projects a range between $15.36 and $31.75. The most extreme case, based on the earlier 8,000% rally, points to $60.
According to EGRAG, the higher the target, the lower the probability. Despite this, he believes the current structure leaves room for each of these possibilities.
Conditions for a Breakout
Despite presenting several upside targets, EGRAG emphasized that none of them become valid simply because investors hope they will. He argued that XRP must first confirm its chart structure before any of the projections can play out.
For that to happen, XRP must continue holding the lower boundary of the yellow triangle, avoid losing major macro support, break out of the triangle pattern, reclaim important Fibonacci levels, turn former resistance into support, and move into an expansion phase with strong volume and buying interest.
Without a confirmed breakout, the targets remain projections. If XRP achieves that breakout, however, the targets become realistic possibilities based on historical behavior and chart probabilities.
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