$XRP Happycoin.club - Analyst EGRAG CRYPTO assesses the current price movement of XRP as an early stage of a broader rally into the so-called 'Blue Ocean' zone with targets at $9.5, $17, and $27.
According to the analyst, the breakout from the long-term descending triangle, marked as 'Red Lake', suppressed XRP. The recent movement within this range and the 'Line of Final Awakening' represent a structural shift in the long-term indicators of XRP.
The series of Fibonacci extensions confirms the forecast. The 1.236 level is at $3.31, the 1.414 level is at $4.51, and the 1.618 level is at $7.48. The 'Blue Ocean' begins at $9.5 and extends to $27.
The EGRAG CRYPTO chart highlighted the breakout of XRP above converging long-term trend lines. The trend reversal signals a turnaround on extended timeframes, while XRP leaves behind a vast accumulation area.
Seven key price points are marked as progressive resistance levels leading to the $27 zone. The structure of the analysis does not depend on speculative events but follows recurring patterns tied to historical retracements and extensions.