XRP Price Outlook Tracks EGRAG’s Macro Compression Setup
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Analyst EGRAG Crypto says XRP’s two-month macro compression shows the token sitting above a long-rising support with Fibonacci targets near $9, $17 and $26 for the current cycle. The view cautions that moves may not be straight-line given historical deep corrections, while replies highlight potential upside from institutional adoption and XRPL utility work involving DTCC and Chainlink, underscoring implications for crypto adoption and token utility in DeFi and broader markets.
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- Analyst EGRAG Crypto said XRP’s two-month chart shows a large macro compression structure.
- The analyst placed key Fibonacci target areas near $9, $17, and $26 for the current cycle.
- A reply linked the XRP utility debate to institutional adoption, noting that DTCC and Chainlink were expanding their blockchain work.
XRP returned to focus after EGRAG Crypto shared a two-month macro chart showing a large compression structure. The analyst said the current setup does not support straight-line price expectations, as XRP has historically moved through deep corrections before larger expansions.
The chart placed XRP above a long-rising support structure, while higher Fibonacci levels marked possible targets near $9, $17, and $26. Meanwhile, a reply to the post shifted attention toward utility, arguing that institutional use of XRPL could change how technical charts are re…
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