XRP Price Prediction Targets $42 as Technical and Legal Catalysts Align

Popular chartist Egrag Crypto has sparked renewed bullish sentiment with a tweet outlining these price levels, tied to what he […]

The post XRP Price Prediction Targets $42 as Technical and Legal Catalysts Align appeared first on Coindoo.

Popular chartist Egrag Crypto has sparked renewed bullish sentiment with a tweet outlining these price levels, tied to what he describes as the “White Circle” pattern—known in his analysis as a historical breakout signal.

Legal and ETF Momentum Fuel Long-Term Potential

Regulatory clarity continues to improve for XRP. A joint request by Ripple and the SEC aims to lift institutional sales restrictions by August 15, a decision that could open the floodgates for renewed institutional involvement.

Meanwhile, odds of U.S. approval for a spot XRP ETF are pegged at 90%, adding to investor optimism. These developments support the idea that XRP is inching closer to mainstream financial integration.

   

 

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Key Support Holding as Bulls Defend $2.16

Despite modest 24-hour gains of just 0.6%, XRP is showing resilience. Price has rebounded multiple times from its $2.16 pivot level, with the MACD histogram turning less bearish and RSI staying neutral. If buyers can defend the $2.06 swing low, XRP could form a bullish “higher low” structure that supports a breakout attempt. This technical base aligns with Egrag’s view that a surge toward double-digit territory remains possible.

Crowd Speculation: Can $42 Become Reality?

Egrag’s tweet challenges followers to justify targets of $11.50, $27, and $42 using technical logic.

While some call these numbers bold, his community is already drawing parallels to past market cycles that saw XRP multiply exponentially. With more than 75% of supply locked by long-term holders and fresh withdrawals from exchanges reducing circulating float, XRP appears to be setting the stage for volatility.

Whether XRP follows through on this forecast remains uncertain—but the ingredients for a major move are clearly in place.

The post XRP Price Prediction Targets $42 as Technical and Legal Catalysts Align appeared first on Coindoo.

 

Source: https://coindoo.com/xrp-price-prediction-targets-42-as-technical-and-legal-catalysts-align/

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