XRP’s Bullish Breakout? Analyst Predicts Surge to $4.60 Amid Inverse Head & Shoulders Pattern

Andrew Chen
XRP

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Crypto analyst Egrag Crypto has provided an updated analysis of XRP’s price trajectory, focusing on an emerging Inverse Head and Shoulders (I H&S) pattern that could define its movement until April 20, 2025. This technical formation is widely regarded as a bullish signal, indicating a potential upward breakout if key conditions are met.

Measured Move and Price Targets

Egrag Crypto maintains a bullish outlook, projecting a price target range between $3.70 and $3.90. He emphasizes that the upper boundary remains achievable if XRP sustains key support levels and breaks through resistance zones.

One of the most critical levels to watch is $2.00. According to Egrag, XRP should not close a daily candle below this mark. If it does, a fair value gap could emerge, triggering a temporary dip. However, he suggests that a swift rebound from this level would keep bullish momentum intact.

Key Resistance and Support Levels

For XRP to continue its rally, it must first flip $2.65 into a solid support level. Establishing this floor would create a strong foundation for further price appreciation.

The next crucial level is $3.00, which Egrag identifies as a mid-channel resistance. A decisive close above this mark would reinforce bullish strength. Beyond that, the $3.20 to $3.40 range is another critical zone that must be surpassed for XRP to sustain its uptrend.

Also Read: XRP’s Bullish Breakout? Analyst Predicts Surge to $4.60 Amid Inverse Head & Shoulders Pattern

At the higher end, $4.60 serves as a major resistance level. Egrag warns that if XRP reaches this price and begins to exhibit signs of weakness, it could indicate a shift toward a distribution phase, where large investors start offloading their holdings, potentially leading to a price reversal.

Market Outlook and Community Encouragement

Egrag Crypto urges XRP holders to stay patient and focused on the long-term potential of the asset. While his analysis presents an optimistic outlook, he also advises traders to be mindful of distribution signals at higher levels.

As XRP continues to navigate these key levels, the broader market will closely monitor its price action to determine whether it can fulfill its bullish potential.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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