Ripple’s XRP is showing signs of stabilizing after a sharp move lower in January. The asset is trading at $1.92 at press time, with 24-hour trading volume above $2.31 billion. It gained 2% in the last day and nearly 1% in the past week.
Long-Term Structure Points to High Targets
Analyst Egrag Crypto shared a long-term chart that maps the asset’s price movements using diagonal channels. These channels follow a pattern that has held over several cycles. According to the analyst, XRP has respected these lines over time, both during rallies and pullbacks.
Price targets from the structure vary. The lower breakout target is around $4.50, which Egrag sees as a high-confidence level. A stronger breakout could extend toward $10. In a full market cycle, XRP may reach $27. A more extreme case, tied to the same geometry seen in 2017, shows a possible path to $200, though this is labeled as a lower-probability outcome.
“This isn’t hopium. This is geometry, symmetry, and structure,” EGRAG said.
On the daily chart, XRP is moving inside a descending triangle. The support line near $1.77 has held during several tests, most recently after the drop from $2.41 earlier this month. The price bounced from a low of $1.80 and is now back near $1.92.
Ripple (XRP) Price Chart 1.28. Source: TradingView
Resistance levels to watch are $2.08, $2.28, and $2.43. These line up with previous reaction points. The RSI is holding near 45, while MACD and Stochastic RSI are showing early signs of a possible shift. CW, a technical trader, noted, “The trend is reversing,” after observing recent changes on Heikin-Ashi candles and momentum indicators.
ChartNerdTA added that XRP is moving between $1.80 and $1.95, calling this a crucial zone. A close below $1.80 could increase downside risk.
“Buy side liquidity is strong. Breaking $1.95 would signal continuation to $2.10,” they said.
Activity on Chain and in Markets
More than 130 million XRP moved to exchanges in January, as we reported yesterday. Binance’s holdings reached 2.74 billion, the highest since November. This raised attention from market watchers tracking supply and liquidity.
On the institutional side, spot XRP ETFs posted a $9.16 million net inflow on January 27 (per SoSoValue’s data). Since launch, total inflows have reached around $1.25 billion, showing ongoing interest in structured investment access to the cross-border token.
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