<ul><li>XRP could hit $7.5 if key resistance at $0.64 is broken, says analyst Egrag Crypto.</li><li>The crypto consolidates between $0.55-$0.60 as analysts predict potential breakout.</li><li>Historical data suggests XRP could mirror its 2017 bull run with significant gains.</li></ul>Market analysts have identified <a href="https://cryptotale.org/xrp-eyes-0-92-amid-growing-whale-activity-positive-market-sentiment/" rel="noopener noreferrer nofollow">XRP</a> as a cryptocurrency preparing for a possible upward movement, potentially reaching $7.5 if it surpasses specific technical barriers. According to a recent analysis by Egrag Crypto, XRP&#39;s price is currently consolidating within a crucial range, with eyes on significant breakouts that could drive its next substantial move. Notably, XRP remains in a consolidation zone between $0.55 and $0.60, but the analyst highlights that a breakout above $0.64 could unlock significant price targets.<h2 id="header-0">Key Indicators Point to $7.5 Target</h2>XRP&#39;s price action is showing the formation of a white triangle pattern, capturing the highs from 2021. An important level, labeled the &#34;Genuine Wake-Up Line,&#34; is positioned at $0.64. The next big move is anticipated to occur once XRP breaks above this threshold. Egrag Crypto’s recent observation indicated that although XRP breached the &#34;Atlas Line,&#34; this was seen as a bear trap rather than a breakdown. Holding above $0.55 remains crucial as a weekly close above $0.64 could pave the way for testing $0.70 to $0.75 in the short term.Looking forward, XRP could see a breakout around $1.5 within the white triangle and eventually move towards $7.5 within the yellow triangle. Short-term targets range from $1.3 to $1.5, followed by a potential triangle breakout retest. The Fibonacci 1.618 level is in focus at $6.4.<a href="https://cryptotale.org/xrp-could-hit-7-5-as-analysts-see-breakout-potential/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP Could Hit $7.5 as Analysts See Breakout Potential

Table of Contents

CryptoTale

Other articles published on Aug 24, 2024

Top Altcoins To Stack For The Upcoming Week!

PEPE and WIF Prices Pumping, is Crypto All Stars the Next Meme Coin to Explode?

Next Cryptocurrency to Explode Friday, August 23 — Gala, Core, Nervos Network, Worldcoin

Is a Major Binance Listing on the Horizon? Unveiling the Clues Behind the Speculation

What is Tron Blockchain’s SunPump?

Get Paid to Play: The Inside Scoop on BlockDAG’s TG Tap Miner

Join our free newsletter for daily crypto updates!