XRP Big Yellow Triangle Reveals Probability Path t
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$XRP showed signs of strength earlier this week when it climbed to $1.29. However, the asset could not push above that level, recently dropping to $1.18, down 11% so far this month.
While $XRP continues to struggle, popular market analyst EGRAG Crypto called attention to a large yellow triangle on the 2-week chart and suggested that it could eventually send the price to levels ranging from $6.5 to $60 if history repeats.
In his analysis, EGRAG highlighted three major historical reference points around this yellow triangle, which has acted as a reliable guide toward higher targets.
Specifically, the first $XRP market cycle produced a gain of around 8,000%. Meanwhile, the following cycle recorded a rise of roughly 1,900%. For the current cycle, the analyst presented a more conservative projection of about 909%.
Considering the historical context, EGRAG Crypto presented an important question: what if $XRP follows the same triangle pattern once again?
He noted that whenever $XRP respected the lower boundary of this large triangle and entered an expansion phase, the asset delivered massive gains. Those past performances now act as the basis for his current projections.
The highest target in EGRAG’s analysis comes from $XRP’s earliest major rally within the larger triangle structure.
During that period, the asset surged approximately 8,000%. If $XRP repeats a similar move from the lower end of the current triangle, the price could reach about $60.
However, EGRAG clarified that this is not his main expectation. He noted that, while he does not rule out the possibility, it actually represents the most aggressive outcome and one with the lowest probability among the projected targets.
The second scenario comes from $XRP’s performance during the previous market cycle. At that time, the asset recorded a gain of roughly 1,900% after
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