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<p style="text-align: justify">XRP has reached a crucial juncture in its long-term price structure as its Gaussian Channel technical indicator turned red on the two-week chart, according to analyst Egrag Crypto. The analyst, who is known for his chart-based cryptocurrency forecasts, highlighted that this rare shift could indicate a key bottoming process similar to a previous market cycle.</p>
<h2 id="red-signal-aligns-with-prior-macro-bottom">Red Signal Aligns With Prior Macro Bottom</h2>
<p style="text-align: justify">Egrag Crypto, a notable figure in the cryptocurrency analysis community, drew comparisons between the current red phase in the Gaussian Channel and a similar event during an earlier XRP market cycle. At that time, the indicator’s shift to red coincided with the formation of a macro double bottom, after which XRP entered an extended uptrend.</p>
<p style="text-align: justify">Currently, XRP is trading in the $1.03–$1.04 range. Egrag Crypto believes this region could once again serve as a major support zone, setting up the possibility of a higher second low in the asset’s long-term structure.</p>
<blockquote>
 <p>Recent analysis suggests that XRP’s Gaussian Channel turning red could mirror the conditions that led to a major double bottom in the past, with the $1.03–$1.04 zone likely to play an important role in establishing another significant low.</p>
</blockquote>
<p style="text-align: justify">In his technical chart, the analyst indicated that XRP’s price action is developing within a broad ascending channel, bordered by what he identifies as the Central Line and Macro Bottom Line. He emphasized that monitoring the two-week structure provides better context for these signals than viewing the indicator’s color change in isolation.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Gaussian Channel – A technical analysis tool that applies a Gaussian moving average to create dynamic support and resistance bands, helping traders identify trend shifts and potential reversal points.</p>
<h2 id="potential-major-breakout-level-at-3-50">Potential Major Breakout Level at $3.50</h2>
<p style="text-align: justify">Egrag Crypto stated that the $3.50 threshold is pivotal in confirming a shift towards a bullish long-term market structure. A sustained close above this level, in his assessment, would not only signal a macro higher high but also add further confirmation for continued upward momentum in XRP.</p>
<p style="text-align: justify">His projections include significant price targets of $60 and $180, based on measured moves derived from the current technical setup. These levels reflect the scale of potential appreciation if the positive market structure unfolds as anticipated.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Key Price Level</th>
   <th>Significance in Analysis</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$1.03–$1.04</td>
   <td>Potential support, possible macro double bottom formation</td>
  </tr>
  <tr>
   <td>$3.50</td>
   <td>Breakout level confirming bullish shift</td>
  </tr>
  <tr>
   <td>$60</td>
   <td>Long-term bullish target</td>
  </tr>
  <tr>
   <td>$180</td>
   <td>Extended bullish target</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">The analyst’s scenario involves XRP rebounding from support, targeting $3.50 as the next major resistance, and potentially breaking out to reach the higher targets over the long term.</p>
<h2 id="xrp-outlook-remains-bullish-despite-bearish-signal">XRP Outlook Remains Bullish Despite Bearish Signal</h2>
<p style="text-align: justify">While the Gaussian Channel’s red phase often suggests caution, Egrag Crypto continues to view the current structure as a possible accumulation phase. He stated that the price setup could soon transition from corrective to strongly bullish if the foundational pattern is completed.</p>
<blockquote>
 <p>Egrag Crypto expressed confidence that XRP’s price could reach “much, much, much higher” levels if the anticipated structure develops as projected, underscoring the importance of both a higher low and a breakout past $3.50 in achieving this outlook.</p>
</blockquote>
<p style="text-align: justify">Establishing a macro double bottom higher than the previous cycle’s low, followed by a move above $3.50, forms the basis for his optimism. Should these conditions be fulfilled, his analysis supports long-term targets of $60 and $180 for XRP.</p>
<p>The post <a href="https://en.coin-turk.com/xrp-analyst-3-50-breakout-could-signal-new-macro-uptrend-eyes-60-and-180-targets/" rel="noopener noreferrer nofollow">XRP analyst: $3.50 breakout could signal new macro uptrend, eyes $60 and $180 targets</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

XRP analyst: $3.50 breakout could signal new macro uptrend, eyes $60 and $180 targets

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