XRP’s long-term price action was recently examined by crypto analyst EGRAG CRYPTO, who shared a technical framework that shows the cryptocurrency on a macro move to $200. In his post, the analyst outlined a channel-based structure that tracks XRP’s behavior across multiple cycles and highlights how its price has always followed the same diagonal paths over time. Based on where the altcoin currently sits within that structure, the analysis outlines a range of possible outcomes, including triple-digit price levels under specific scenarios.
Logic Behind Monthly Channel Structure
XRP has been subjected to multiple analyses projecting prices far above the $100 level. Notably, the technical analysis in question is built around multiple diagonal channels that act as long-term support and resistance. These diagonal channels encompass XRP’s price action on the monthly candlestick timeframe chart and go as far back as 2014.
According to the analyst, this framework behaves similarly to a logarithmic regression channel, meaning price expansion and contraction follow geometric symmetry rather than linear movement. XRP has respected these channels for over a decade, moving from lower bounds during accumulation phases to upper bounds during rallies and expansions.
The reference point is in late 2017 / early 2018, when XRP’s price rally tagged the upper boundary of this channel before extending well beyond it. That move, measured at roughly a 677% overshoot from the channel ceiling, is used as the template for projecting future extensions.
XRP’s Price Targets And The $200 Scenario
According to the analyst, current cycle levels on the monthly candlesticks align perfectly with the 2017 geometry. The most debated part of the analysis is the projection toward $200, which EGRAG CRYPTO categorizes as a black swan tail scenario.
This outcome relies on XRP replicating the full macro extension seen in 2017, where the price didn’t just reach the upper channel but dramatically exceeded it. When that same percentage extension is applied to the current structure, the projection lands near the $200 mark.
XRP Price Chart. Source: @egragcrypto on X
However, the extreme $200 price target is not the base case. The analysis positions the $200 level as an extreme endpoint within a much broader and more detailed technical roadmap with intermediate price targets where XRP might face resistance.
Using the channel geometry, the analysis breaks XRP’s potential path into layered scenarios. The first zone is around $4.5, corresponding to a clean interaction with the upper channel boundary. EGRAG CRYPTO describes this level as a high-conviction structural area with the highest probability outcome of 80% to 90%.
The next channel projection is a move to $10. This level depends on continued expansion within the same geometric framework and XRP has only a 60% to 75% chance of reaching this level. Further up, the analyst projected $27 as the cycle peak scenario, which is situated around the peak of the channel structure. The probability of reaching this price target is between 50% and 55%.
Featured image created with Dall.E, chart from Tradingview.com
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