• XRP Symmetrical Triangle Breakout: $30 Target on the Horizon?
• 2017 Bull Run Flashback? Analyst notes similarities to XRP’s past 2,600% price explosion.
• XRP Price Surges 10% in 24 Hours: Recent gains add fuel to the bullish outlook.

Crypto analyst Egrag Crypto recently took to X with fresh insights into XRP’s price prospects. His analysis highlights a symmetrical triangle pattern forming on XRP charts, suggesting a potential breakout could trigger a significant price rally, possibly reaching up to $30. While this might seem like a bold prediction, it’s grounded in historical context, drawing parallels to XRP’s impressive 2,600% climb during the 2017 bull run.

According to Egrag, for the $30 target to materialize, a price retracement to the triangle’s lower edge from the $1.20 mark would first be necessary.

Egrag’s analysis isn’t an isolated view; it’s supported by other market analysts observing similar trends in XRP’s price action. Just last month, Ali Martinez shared a video detailing XRP’s breakout from a long-term symmetrical triangle (formed since 2018), indicating a possible surge towards $15.

Interestingly, this isn’t the first time Egrag has presented similar analysis on XRP recently. Whether these predictions will indeed materialize remains to be seen.

In terms of XRP’s recent performance, the cryptocurrency has enjoyed a roughly 10% increase in the past 24 hours, currently trading around $1.98. Achieving the lofty $30 target, however, would require considerable bullish momentum and a supportive market environment.

XRP’s Performance

Market volatility has been amplified recently by tariff announcements and pauses, impacting the crypto space as a whole. XRP also experienced this turbulence, briefly dipping to $1.65 after maintaining levels above $2, and even reaching $2.54 in March.

Despite this volatility, reports suggest that large XRP holders, often referred to as whales, have accumulated approximately 1.1 billion XRP in the past two weeks. This adds roughly $2 billion to their holdings, signaling continued confidence amidst macroeconomic uncertainties.

In other encouraging news for the XRP ecosystem, BlocScale Launchpad has begun tokenizing real-world assets on the XRP Ledger. This initiative seeks to bridge the gap between traditional assets like real estate and commodities and the expanding world of blockchain technology.

Overall, despite the current market climate, XRP remains a cryptocurrency generating significant interest. Regarding the projected symmetrical triangle breakout, it’s worth remembering that these patterns often precede a significant price move, be it upwards or downwards, following a period of consolidation.

However, it’s also important to acknowledge the bigger picture. With ongoing market fluctuations influenced by Trump’s tariff policies, the relevance of even the most promising chart patterns and analyses can be uncertain in the face of broader economic forces.