XRP targets $17 as momentum builds from a long accumulation phase.
Key resistance lies at $1 and $3.5 levels, shaping future moves.
A bear market could see XRP retrace to $3.5, forming a foundation zone.
According to analyst Egrag Crypto, Ripple's XRP might be gearing up for a big move. For nearly 950 days, XRP has been stuck in what traders call an "accumulation zone," where it’s been quietly gathering momentum since April 2022.
But as XRP approaches key price levels, signs are emerging that this steady buildup could fuel a substantial rally. The path forward shows $17 as a potential peak—but first, XRP must break through some critical barriers.
Updated Targets and Rising Curvature
https://twitter.com/egragcrypto/status/1852284168668860825
As Egrag Crypto highlights in the above post, rising curvature suggests XRP’s momentum is growing, pointing to a new top target of $17. Before reaching this high, however, XRP faces the $1 level—a key structural and psychological resistance. Breaking past $1 could release the momentum built up over XRP's lengthy accumulation period. This level serves as the gatekeeper, and surpassing it could spark a strong price rally.
Potential Bear Market and Foundation Zone
In a best-case scenario, XRP may soar to $17. But an 80% retracement—a common drop in crypto bear markets—could then pull XRP back to around $3.5. While this correction might seem severe, $3.5 serves as a vital level. Closing above $3.5 could create a new foundation for XRP, where further accumulation and stability could form.
This $3.5 level marks a structural pivot point, potentially shaping future support for XRP. If a strong foundation forms here, XRP could re-enter a growth cycle and explore even higher highs once the market regains bullish momentum.
In the end, this macro view of XRP shows how a long accumulation zone, combined with growing curvature, positions XRP for a major breakout. The $1 and $3.5 levels hold critical roles in XRP's next phase, setting the stage for its path forward. With momentum building, traders will be watching closely, as XRP’s next move could be historic.
The post Expert’s Macro View of XRP: Accumulation, Curvature, and a Potential $17 Peak appeared first on Crypto News Land.
