- XRP nears breakout as EGRAG CRYPTO forecasts bullish October momentum.
- Analyst targets $3.44 resistance; XRP traders anticipate strong upside move.
- Ascending triangle pattern signals potential 80% breakout window approaching.
The XRP community is optimistic after a new projection from popular analyst EGRAG CRYPTO indicated that the digital asset could be on the verge of a significant breakout. His latest analysis suggests that XRP’s price action inside an ascending triangle may soon reach a decisive point that could trigger a bullish move.
According to EGRAG CRYPTO, XRP has been consolidating within a 362-day ascending triangle pattern that often precedes a strong breakout. This setup, he explained, follows a historical tendency for price movements to occur once the formation reaches between 70% and 90% of its total structure.
The analyst calculated that the 70% mark of the triangle’s duration would have pointed to around September 22, while 80% aligned with late October. By 90%, the formation would reach early December, which he believes could still mark a potential macro breakout zone.
He emphasized that ascending triangles, especially on higher timeframes, tend to break out closer to the 80% point. Based on this calculation, the upcoming weeks are viewed as a crucial period for XRP to confirm its next direction.
Analyst Highlights XRP’s Key Price Targets
EGRAG’s chart identifies a vital resistance line near $3.44, which stands as the breakout confirmation level. A decisive close above this zone could validate the bullish setup and open room for a possible surge beyond $4.00. On the downside, he marked $2.70 and $2.40 as critical support levels, maintaining the pattern’s strength.
Also Read: India steps up push for digital rupee, says Union Minister
Besides timing, his analysis also underlines that XRP has continued to make higher lows, a sign of growing buying pressure. This consistent support, combined with volume expansion near the apex, often signals that the market is preparing for a directional move.
Additionally, EGRAG noted that about 70% of such patterns historically resolve upward when buyers dominate the structure.
He described October as a promising window for this potential move but also reminded traders that markets often require patience before confirming major shifts.
The broader community remains cautiously optimistic, drawing confidence from EGRAG CRYPTO’s data-driven outlook. With the pattern nearing completion and the breakout window approaching, XRP’s next few months could determine its trajectory for the coming market cycle.
Also Read: 7 Ways XRP Is Already Integrated Into the SWIFT Network
