XRP Analyst Predicts Potential Price Target of $222

Analyst Egrag Crypto suggests that XRP may be entering a "Kangaroo Phase," indicating a possible price breakout. Historical trends and key technical indicators hint at a potential price target of up to $222.

XRP Key Support and Resistance Levels

XRP remains above crucial support levels.
Recent retests of the Bull Market Support Band indicate strengthening momentum.
The altcoin consolidates above Fibonacci level 0.888.
Another key macro consolidation zone is identified around $3.37.

Potential Price Targets

Initial targets range from $8.50 to $13.00 as momentum builds.
Next significant target set at $27.
Long-term maximum estimate reaches $222, based on past performance in 2017.

As of now, XRP trades at $2.51, showing increases of 2.6% daily and 13.1% weekly.

Egrag Crypto's analysis relies on historical market patterns, particularly Fibonacci extensions, which previously led to significant price movements. However, future price action remains uncertain due to market volatility, regulatory changes, and external economic factors.