The long-term price action of XRP was recently analyzed by crypto analyst EGRAG CRYPTO, who shared a technical framework that shows the cryptocurrency in a major move to $200. In his post, the analyst revealed a channel-based structure that tracks the behavior of XRP over several cycles and highlights that its price always follows the same diagonal paths over time. Based on where the altcoin currently resides within that structure, the analysis reveals a range of possible outcomes, including triple-digit price levels under certain conditions.
The Mind Behind the Monthly Channel Layout
XRP has been under much analysis prices over $100 level. Notably, the technical analysis in question is built on multiple diagonal channels that act as long-term support and resistance. These diagonal channels include XRP price action on a monthly candlestick chart and go back to 2014.
According to the analyst, this framework works similarly to the logarithmic regression channel, which means that price expansion and contraction follows a geometric pattern rather than a linear movement. XRP has respected these channels for more than a decade, from low limits during accumulation phases to high limits during rallies and expansions.
The reference point is late 2017/early 2018, when the XRP price rally marks the upper boundary of this channel before moving beyond it. That move, measured at nearly 677% of the station’s ceiling, is used as a template to reveal future extensions.
XRP Price Targets And $200 Status
According to the analyst, the current cycle levels in the moon candles mix well with 2017 geometry. The most debated part of the analysis is the speculation towards $200, EGRAG CRYPTO is classified as a black duck tail situation.
This result is dependent on XRP repeating the large total extension seen in 2017, when the price did not reach the high channel but exceeded it dramatically. If that percentage increase is applied to the current structure, the projection comes closer to the $200 mark.
XRP price chart. Source: @egragcrypto on X
However, the extreme $200 price target is not a base case. The analysis places the $200 level as the extreme end point within a very broad and detailed technical path with intermediate price targets where XRP may face resistance.
By using channel geometry, the analysis breaks down the power of XRP a path to layered conditions. The starting position is about $4.5, which corresponds to a clean interaction with the border of the upper channel. EGRAG CRYPTO defines this level as a property area with a high liability and a maximum effect of 80% to 90%.
The next channel speculation is a move to $10. This level depends on continuous expansion within the framework of the same geometry and XRP has only a 60% to 75% chance of reaching this level. Going forward, the analyst identified $27 as the top of the cycle, which is at the highest point of the channel structure. The probability of reaching this target price is between 50% and 55%.
The featured image was created with Dall.E, a chart from Tradingview.com
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