XRP's Path to $8 Faces Major Technical Hurdle

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New data suggests that XRP's current position below the Central Line resembles previous accumulation phases before major price expansions.

Ripple (XRP) has shed almost 10% over the past week, invalidating several recovery attempts. The cryptocurrency is currently hovering near $1.11 after a 2% decline on Tuesday.

However, according to a recent market observation by crypto analyst EGRAG CRYPTO, XRP could climb to $5.70-$8 if it follows historical patterns tied to a crucial technical level.

XRP’s Next Expansion

EGRAG CRYPTO said XRP’s “Central Line” has historically separated accumulation periods from phases of strong price expansion. Previous market cycles saw the token deliver significant gains after it moved above this level, prompting the analyst to identify two potential upside targets for the current cycle.

The analyst’s chart shows that XRP is currently trading below the Central Line, which sits above the asset’s current market price and could move into the roughly $2.20-$2.60 region over time. The projected targets are derived from historical percentage gains above this level rather than from XRP’s current trading price.

EGRAG CRYPTO revealed that one cycle saw XRP rise roughly 330% above the Central Line, while another recorded gains of around 200%. Averaging those moves resulted in a projected expansion of approximately 265% above the Central Line, which the analyst said places the asset near the $8 mark.

The analyst also identified a more conservative scenario in which XRP achieves only part of the gains seen in previous cycles. If the market delivers roughly 60% of the prior cycle’s strength, the move would equate to an increase of about 120% above the Central Line, resulting in a target near $5.70.

Based on these calculations, EGRAG CRYPTO identified $5.70 as the conservative target and $8 as the average-cycle objective. The projections are based on historical price expansions above the Central Line rather than market sentiment.

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