In the dynamic and often unpredictable world of cryptocurrency, accuracy in technical analysis is a rare and highly valued trait. Once again, renowned crypto analyst EGRAG Crypto has showcased his exceptional charting skills by accurately predicting XRP’s recent market trend. Just six days before XRP’s price surged to $2.28, EGRAG laid out a clear and well-structured forecast, pinpointing key levels of support and resistance, trend formations, and Fibonacci zones—all of which have since played out exactly as predicted. The Technical Blueprint That Called It Right EGRAG Crypto’s analysis was rooted in a multi-SMA (Simple Moving Average) framework. Specifically, he referenced the 21, 33, 55, and 111 SMAs within the 2-week timeframe to construct a roadmap for XRP’s possible movements. His chart showcased XRP consolidating below the $2.50 resistance zone, a critical psychological and technical barrier. This level had been identified as the primary checkpoint for bullish confirmation. #XRP – I Was Right Again and Again: Read and you decide. The below post was shared 6 days ago before anything happened. Enjoy pic.twitter.com/uURH3HOg2V — EGRAG CRYPTO (@egragcrypto) June 8, 2025 Crucially, EGRAG emphasized that XRP was trading just above the $1.91 zone—an area he identified as a must-hold threshold to preserve bullish structure. According to his analysis, a breakdown below this price could have initiated a severe bearish descent toward the 0.618 Fibonacci retracement level, posing a threat to short-term optimism. However, the bulls managed to maintain control. The Importance of the Blue Trend Line and Fibonacci Structure A centerpiece of EGRAG’s chart is the “Blue Trend Line,” which represents a long-term upward trajectory serving as dynamic support. XRP’s ability to stay above this trend line was integral to sustaining bullish momentum. EGRAG warned that a clean break below the blue trend line would hand control to the bears, with potential downside targets aligning with the 0.618 Fibonacci level. He also spotlighted the significance of the $2.2795 level, corresponding closely with the 0.702 Fibonacci retracement. XRP’s recent rally, which pushed it to $2.28, marked a successful defense and bounce from this Fibonacci zone, a textbook confirmation of EGRAG’s prediction. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Sentiment and the $2.50 Target In the analysis, EGRAG made it clear that the $2.50 price point remained the most critical resistance level for XRP to break. He referred to it as a psychological wall that, if cleared, would trigger further bullish extension. His commentary included a crucial statement: “I will only entertain the bearish scenario if XRP fails to hold $1.9100”, a scenario that ultimately never occurred. Instead, XRP’s price action respected the support zones and trended upward in line with EGRAG’s expectations. His confidence in the $2.2795 Fibonacci level acting as a springboard was validated, further solidifying his reputation for being “ right again and again.” What Comes Next for XRP? With XRP currently trading at $2.28 and knocking on the door of the pivotal $2.50 resistance, all eyes are now on whether the bulls can sustain momentum and break higher. If XRP successfully closes above this barrier in the coming weeks, it could ignite the next major leg up in the bull cycle. However, traders are advised to remain cautious. As EGRAG pointed out, a retracement to $1.9100 remains a possibility if the $2.50 resistance proves too strong. The current price action hovers within a crucial decision zone that will likely define XRP’s medium-term trend. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post This Analyst Was Right Again About XRP. Here’s What Happened appeared first on Times Tabloid .
