XRP Measured Move Suggests $17 as Fibonacci Circle Projects XRP to Hit $6.5, $20, and Even $35

Market expert EGRAG Crypto has presented three bullish XRP Fibonacci circle targets alongside his measured move following the bull flag breakout.

EGRAG’s latest market commentary comes on the back of the market-wide upsurge that has pushed XRP price beyond its multi-month range. For context, XRP had consolidated around the $2.2 to $2.5 level since March, but a breakout happened last week, allowing the price to retest $3.60 before pulling back to the current price of $3.10.

XRP Forms Bull Flag Following January Peak

Amid this renewed bullishness, EGRAG has presented its XRP targets for when the run leads to greater heights. His chart shows that XRP formed a bull flag following the impressive 580% run from November 2024 to January 2025.

This pattern occurred during the 2017/2018 bull run. First, XRP surged over 7,100% to $0.3988 by May 2017. However, it faced resistance and then consolidated for seven months, forming a bull flag. After this, XRP broke above the flag, embarking on a second push to the all-time high of $3.8 in January 2018.

XRP Fibonacci Targets After Breakout

Interestingly, in the current cycle, XRP appears to have also broken above the bull flag this month, July. However, it will need to retest this fragile breakout to confirm it before the next leg up.

In his analysis, he suggested that upon the breakout, XRP would first need to breach the Fibonacci 1.414 during the uptrend. According to him, this would be the most important move, as the Fib. 1.414 has served as the major resistance level since December 2024.

Accordingly, once XRP pushes past this level, EGRAG presents three bullish price targets, each representing a new all-time high. Notably, the first target is the $6.5 price level, which aligns with the Fibonacci 1.618 extension. The second target hovers around Fib. 1.888, sitting at $20. Meanwhile, the last target is an ambitious $35 price at Fib. 2.0.

However, EGRAG confirmed that itsmeasured move target stands at an average of $17. The analyst advised that investors should adopt a Dollar Sell Average (DSA) approach. This would allow them to take advantage of lower targets until the top. According to him, they should not wait for one particular target.