XRP breaks multi-year compression, holds $73B support, targets $600B market cap
XRP breaks out, then pauses. Price consolidates above ~$73–74B market cap after a multi‑year squeeze.
Analyst EGRAG CRYPTO says the 2018–2024 compression finally gave way, and XRP entered a tight post‑breakout range. He flags a retest, not weakness, with structure intact above key supports. EGRAG’s thread.
After tagging the 1.618 Fibonacci near ~$195B market cap, XRP shifted into consolidation. The coin holds above the 1.0 Fibonacci around ~$73–74B, which he views as re‑accumulation before the next leg. Breakout and levels. Binance data on accumulation.
$73B is the line in the sand. A loss could send price toward the ascending trendline, with ~$46B (0.702 Fib) as deeper support. Support context. EGRAG’s chart.
He maps the cycle as compression, breakout, retest, then expansion. He places XRP in the retest stage now. Cycle outline. Near‑term resistance view.
Macro target sits at ~$600B market cap, aligned with his 1.618 extension, implying price near ~$10 if reached. Macro target.
