Prime Analyst: $1.10 May Be XRP Launchpad for a 2,257% Surge to $13

• Analyst EGRAG identifies $1.10 as a important assist degree for XRP’s highly effective worth surge.
• If XRP holds above $1.10, it might set off an explosive uptrend with targets at $6.4 and $13.
• The evaluation makes use of each logarithmic and non-logarithmic worth projections for potential positive aspects.

Based on analyst EGRAG, XRP is eyeing the $1.10 worth degree as a important assist zone for an explosive worth surge. The analyst suggests a confirmed weekly shut above $1.10 might set the stage for much more important positive aspects.

The Vital Position of $1.10 for XRP

In a current publish on X, EGRAG described the $1.10 degree as an “ignition stage”—a possible launchpad for future positive aspects if XRP closes above it on the weekly chart. “As soon as we affirm $1.10 as sturdy assist, we will bid farewell to the $1 mark for good,” he commented.

Utilizing each logarithmic and non-logarithmic strategies, EGRAG units potential targets for XRP at $13 and $6.40. The $13 goal relies on exponential development patterns sometimes seen in risky belongings, whereas the $6.40 goal is derived from conventional, non-logarithmic calculations.

The accompanying chart exhibits a “cup-and-handle” formation, a bullish setup signaling a rounded backside adopted by consolidation. If validated by worth motion, this sample suggests XRP might proceed its upward motion.

Present Value Motion and Resistance Ranges

At press time, XRP is buying and selling round $0.5514, having seen a modest 0.6% rise within the final 24 hours. To succeed in its fast resistance of $1.10, XRP would wish to greater than double in worth. Nevertheless, a sustained transfer above this degree might set the stage for extra substantial positive aspects.

In the meantime, the formidable worth targets of $6.40 and $13 would require substantial worth surges of 1,060% and a couple of,257%, respectively.

Provided that XRP has not demonstrated the flexibility to stage such important rallies in current instances, EGRAG urges the XRP neighborhood to “keep regular and powerful” whereas sustaining optimism.

XRP’s Response to Trump’s Election Victory

Notably, the broader crypto market has rallied following President-elect Donald Trump’s victory, with Bitcoin reaching new all-time highs above $77,200. Nevertheless, XRP’s response has been extra subdued, with the token at present priced at $0.55—simply 2% above its month-to-month excessive. This has led to hypothesis that exterior components could also be holding XRP again.

Throughout his marketing campaign, Trump pledged to switch SEC Chair Gary Gensler, a promise welcomed by crypto advocates annoyed by regulatory uncertainty. XRP fans consider that if Trump follows by way of, elevated shopping for stress might drive XRP to new heights.