Phobos Line failed as support, shifting focus to Hestia Line for XRP stability.
Analyst predicts XRP could reach $17 from Hestia's support.
Potential breakout to $27 remains, driven by an ascending triangle pattern.
Recently, XRP holders witnessed a significant shift when the Phobos Line, expected to act as a sturdy support, failed to hold firm. However, Crypto analyst Egrag Crypto has restored some hope with his Phobos, Hestia, and Herms “analysis."
This line now offers protection, possibly acting as a springboard for future gains. Will XRP break out from this zone and reach Egrag Crypto’s target of $27?
Hestia: A New Line of Support
Egrag Crypto explains that the Phobos Line, originally believed to support XRP’s price, didn’t hold as expected. Instead, the Line of Hestia, named after the goddess of the hearth, is now the key level to watch.
https://twitter.com/egragcrypto/status/1840344369414426674
Hestia, who symbolizes home and protection through her sacred flame, reflects the role this support line plays in stabilizing XRP's value. According to Egrag, the breakout from Hestia’s Line could give Ripple (XRP) a solid target of $17.
This level offers a more cautious approach for traders who aim to minimize risk. Hestia’s protective influence in this scenario ensures that XRP holds ground while offering room for growth.
Breaking Out to $27: A Measured Move?
Although the Line of Hestia presents a conservative target, the potential for a much larger breakout remains. Egrag Crypto notes that the measured move from an ascending triangle typically leads to a significant jump.
If XRP follows this pattern, it could break from the top edge of the triangle, known as the Breakout Point. This breakout, however, would push XRP toward an impressive target of $27.
Egrag emphasizes that while the $17 target offers a safer route, the $27 mark remains within reach if momentum picks up. For traders, balancing caution with optimism may be the key to navigating these dynamic price levels.
Phobos, Hestia, and Herms symbolize the emotional tides and strategic decisions traders must weigh. For now, Egrag Crypto’s analysis offers a roadmap for those navigating XRP’s potential rise.
The post XRP Dynamics: Navigating the $17-$27 Range with Phobos, Hestia, and Herms Lines appeared first on Crypto News Land.
