Coin WorldThursday, Jul 3, 2025 9:05 am ET
2min read
EGRAG CRYPTO, a prominent analyst in the cryptocurrency space, has shared an updated XRP/BTC chart that reinforces a long-term bullish outlook for XRP. The analysis is grounded in precise technical levels, particularly focusing on the significance of XRP closing above a designated “Area of Confirmation” to validate the projected wave structure. This area was initially defined within a horizontal range, with price targets outlined in BTC pairings. The digital asset had completed the first two waves of the Elliott Wave pattern and was poised to start Wave 3 with a target of 0.00013582 BTC. Wave 5, the final bullish wave, was projected to see the asset rise to 0.00027101 BTC, placing XRP between $7.5 and $13, assuming Bitcoin remains within the range of $28,000 to $48,000.
The updated analysis, dated July 2, 2025, introduces a refined technical narrative with a greater emphasis on Fibonacci levels and a broader market structure. A key visual update is the breakout from a long-standing descending channel, followed by a sharp upward movement. The new Area of Confirmation is highlighted above the descending resistance zone, aligning around the 0.00003982 BTC level ($4.26 at current prices). This level is marked as a critical barrier that must be penetrated, underlining its role as a technical threshold. The analysis highlights key Fibonacci levels: 0.5 at 0.00003982 BTC ($4.26), 0.618 at 0.00006135 BTC ($6.71), and 1.0 at 0.00025 BTC ($27.34), with a target zone between 0.786–1.0, approximately 0.00011225 BTC ($12.28) to 0.00025 BTC ($27.34), representing the culmination of the projected move.
EGRAG CRYPTO expects XRP to fall between $22 and $27 for this cycle. The analyst has consistently repeated the $27 target and shown confidence that the digital asset can hit this lofty target. Notably, a crypto expert recently highlighted multiple bullish factors that could help XRP reach $25 this month, and EGRAG CRYPTO’s analysis has joined the list of bullish factors that could contribute to XRP’s momentum. The analyst’s forecast is based on technical analysis and market trends, suggesting that XRP is poised for significant growth. The confirmation zone, a specific price range where the asset’s price is expected to stabilize before making a substantial move, is seen as a crucial indicator of the asset’s future performance. According to the analyst’s forecast, once XRP enters this zone, it could experience a bullish trend, driving its price towards the upper end of the predicted range.
Despite recent legal setbacks in the Ripple vs. SEC case, XRP has shown resilience and continues to garner bullish sentiment. This optimism is evident in social media discussions and community forums, where enthusiasts and investors alike are expressing their confidence in the asset’s potential. The legal challenges, while significant, have not dampened the overall positive outlook for XRP, as many believe that the asset’s decentralized nature and utility will ultimately prevail. The analyst’s prediction aligns with the broader market sentiment, which has been increasingly bullish on XRP. The asset’s price has been experiencing an unusual surge in bullish sentiment, reflecting the community’s belief in its long-term prospects. This optimism is further bolstered by the asset’s technical indicators, which suggest that XRP is on the cusp of a breakout.
In conclusion, the analyst’s forecast of XRP reaching $22-$27 is based on a combination of technical analysis and market trends. While the asset faces legal challenges, the overall sentiment remains positive, with many investors and enthusiasts expressing confidence in its potential. As XRP navigates through the confirmation zone, it will be crucial to monitor its price movements and market reactions to gauge its future performance. 
