Emma Nelson 
Crypto Analyst Egrag Crypto Predicts XRP Price Surge to $77 Amid Market Correction. Renowned crypto analyst Egrag Crypto has issued a bullish forecast for XRP, predicting that the cryptocurrency could soar to $77 despite the current market correction. This optimistic outlook comes at a time when XRP and other major cryptocurrencies are experiencing significant price declines.
XRP Price Could Hit $77, Analyst Suggests
In a recent X post, Egrag Crypto outlined his projection that XRP could reach $77 between now and 2026. The analyst’s chart highlighted this price target based on a detailed analysis of XRP’s monthly Relative Strength Index (RSI).
According to Egrag Crypto, XRP is approaching a double-top pattern on the RSI. He emphasized that RSI must stay above 65 to maintain the bullish momentum. If XRP dips below this level, it could touch the 14 Simple Moving Average (SMA). However, the analyst pointed out that historically, such a move often precedes a significant rally.
Furthermore, Egrag Crypto observed that the Bollinger Bands on the RSI currently show a wide range, indicating heightened volatility. He noted that XRP has historically reached the top of the band or even exceeded it on the second attempt, suggesting potential for a major breakout.
XRP Price
Egrag Crypto remarked, “Market participants are not bullish enough for what lies ahead,” signaling his confidence in XRP’s future price movement.
Bullish Outlook Amid Market Downturn
This bullish prediction for XRP comes amidst a broader crypto market downturn, which saw major cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP itself experiencing significant price drops. As a result of the market crash, XRP has slipped to the fourth spot in the crypto rankings by market capitalization.
Despite the correction, Egrag Crypto remains optimistic about XRP’s long-term potential, attributing his bullish stance to historical price cycles and technical indicators.
Potential Bounce from Current Levels
Egrag Crypto also suggested that XRP could see a bounce from its current price level. Analyzing the 4-hour chart, he noted that XRP is showing three green candles after experiencing seven consecutive red candles, which could indicate the beginning of a recovery.
The analyst highlighted the $2.07 level as a crucial support area. If XRP establishes a solid base at this level, it could confirm a double-bottom formation, paving the way for a potential bullish reversal.
Egrag Crypto identified $2, $1.855, and $1.73 as additional support levels to watch. A bounce from any of these points could propel XRP back to its local highs and possibly set the stage for a new all-time high (ATH).
However, the potential rebound is likely to depend on Bitcoin’s price action, as XRP often follows Bitcoin’s market trend.
Contrasting Views: Analyst Ali Martinez Predicts Short-Term Drop
Not all analysts share the same optimism. Crypto analyst Ali Martinez suggested that XRP could experience a further drop before rebounding. In his X post, Martinez pointed out that XRP is breaking out of an ascending parallel channel, indicating a bearish pattern.
According to his analysis, XRP could target $1.65 before finding a bottom and staging a recovery. This perspective suggests a more cautious approach to XRP’s short-term price action.
XRP’s Path Forward: Bullish Potential vs. Short-Term Volatility
With Egrag Crypto’s bold prediction of $77 and Ali Martinez’s more cautious outlook, the XRP community is divided on the cryptocurrency’s near-term prospects. While historical indicators and technical analysis provide support for a long-term bullish trend, short-term volatility and broader market conditions pose significant risks.
Investors and traders are advised to closely monitor XRP’s support levels, market sentiment, and Bitcoin’s price movements to make informed decisions.
With the crypto market in flux, XRP remains a key altcoin to watch as it navigates this volatility and potentially heads toward a historic price milestone.
