XRP continues to draw investor attention across global markets. Traders have noticed a sharp rise in confidence due to its recent price behavior. The coin has held above key technical levels for three straight months. These levels include the critical Fibonacci 1.0 mark. XRP closed each of these monthly candles as full-body formations, which shows that buyers have stayed in control.
This pattern often reflects long-term strength rather than short-term hype. Unlike candles with long wicks that show indecision, full-body candles reveal solid conviction among traders. The ability to hold and close above such milestones signals strong momentum. It suggests that XRP has entered a powerful growth phase within the current four-year market cycle.
Analysts view this consistency as more than a short-term rally. Instead, it points to deeper support from institutional investors and seasoned traders. The sustained upward movement places XRP in a strong position as it approaches its next resistance levels.
Why Are Analysts Bullish on XRP?
Analysts see strong signals in XRP’s recent performance. The coin closed three full monthly candles above the Fibonacci 1.0 level. This pattern reflects sustained buying pressure. It marks a rare and powerful sign of strength in technical analysis.
Egrag Crypto, a well-known market analyst, highlighted this trend in a recent chart. He removed the candle wicks to focus only on the full-body closes. This technique filters out price spikes and flash dips. It gives a clearer view of real market direction.
Egrag believes full-body closes show where true investor sentiment lies. These candles mean that buyers stayed in control from open to close each month. That kind of action supports a long-term upward trend. According to his research, this pattern often comes before major breakouts.
He also called attention to the consistency of XRP’s movement. Three months of full closes above a key Fibonacci level is uncommon. It shows that XRP may be building the foundation for a larger rally. Investors and traders see this as a strong reason to stay bullish.
Key Price Milestones Ahead
Egrag Crypto laid out a clear path for XRP’s next major moves. He identified Fibonacci 1.234 as the next level of interest. This area shows little resistance, which makes it easier for XRP to move past it. If the price breaks through, Egrag expects a climb toward the $5 to $6 range.
Beyond that, his chart points to higher Fibonacci levels. Fibonacci 1.414 and 1.618 are the next targets. These levels act as magnets in strong trends. If XRP reaches them, the price could spike to $9 or even $10. These levels often trigger rapid gains as traders rush in during bullish momentum.
Egrag also introduced a deeper pattern in his analysis. He called it the “Bermuda Triangle.” This formation suggests a much higher price ceiling. Based on this structure, he set a long-term target at $27.
This prediction connects to the broader four-year cycle theory. In crypto, many coins follow a rhythm that repeats every four years. Each cycle includes a buildup, a breakout, a peak, and then a cooldown. Egrag believes XRP is now entering the final growth stage of this cycle. If that plays out, XRP could test the $27 level before the year ends.
Current Market Status
At the time of the latest update XRP traded at $2.37. This price reflect a 4.12% drop in the last 24 hours. The dip followed a brief period of high trading activity. Some short-term holders likely took profits, causing the pullback.
Even so, market analysts remain confident. XRP’s ability to close three full monthly candles above the Fibonacci 1.0 level shows clear resilience. This pattern suggests that buyer support remains strong.
Many traders view the current price as a temporary pause. They see it as part of a healthy correction before the next move up. The long-term trend remains bullish, and most technical signals point toward further growth.
Investors are now watching for signs of a rebound. If XRP holds above key support zones, it could resume its upward climb soon.
Short-Term Volatility Still Possible
Despite the strong bullish setup, Egrag issued a caution to investors. He warned that a short-term pullback could hit the market in April or May 2025. This dip may shake out traders who entered during recent highs.
Egrag believes this drop will not last long. He expects XRP to regain strength by late summer or during the fourth quarter. The short correction could serve an important role. It may confirm XRP’s current support levels and build a stronger base for the next rally.
This pause could also help clear weak hands from the market. Traders without long-term conviction may exit during the dip. This often leads to more stable price movement once the recovery begins.
Analysts suggest that such corrections are part of healthy market growth. They help reset momentum and prepare the asset for larger moves. If XRP holds firm during this period, it may signal readiness for the next major breakout.
Cycle Peak or Just the Start?
Egrag’s long-term forecast follows the four-year cycle theory. This idea suggests that most major cryptocurrencies move in repeating patterns over four-year spans. Each cycle includes a buildup, a sharp rise, a peak, and a cooling phase.
According to this model, XRP now sits near the final growth phase. If the pattern holds, the coin could soon enter its peak zone. Egrag believes that this moment may arrive before the end of 2025. At that stage, XRP could test the $27 level.
Several outside factors will shape this outcome. Market volume plays a key role in driving price action. A rise in trading activity can speed up upward moves.
Regulatory decision could also influence XRP future. A favorable ruling in ongoing legal case or a broader shift toward crypto acceptance may push the price higher.
Bitcoin’s price remains another major factor. XRP often follows Bitcoin’s lead. If Bitcoin rallies later this year XRP could follow with it own surge.
The next few month will be crucial. If XRP holds current support and builds momentum, it may confirm Egrag’s long-term projection. This would place XRP among the top performers in the next stage of the crypto bull cycle.
Final Thoughts
XRP shows strong signs of growth and resilience. The coin has held above critical technical levels for three straight months. This stability supports the case for continued upward movement.
Egrag’s chart work outlines a clear path ahead. Targets between $5 and $10 appear within reach in the short term. These level align with key Fibonacci milestone that often guide major price move.
If XRP break past the 1.618 Fibonacci level it could open the way to $27. That price would mark the top of the current four year cycle according to long term projection.
Investors should track upcoming monthly closes and market volume. They should also follow broader crypto trends and news that may impact momentum.
The XRP story continues to unfold. Its recent strength suggests that this phase of growth may be more than a short rally. It could be the beginning of a much larger move.