EGRAG CRYSTPTO sets $6.40 and $30 targets for XRP in macro retest

Two major target prices for XRP

Cryptocurrency analyst EGRAG CRYSTPTO pointed out that as the digital asset XRP is undergoing key macro backtesting, its two main target prices are US$6.40 and US$30 respectively. This latest technical analysis attracted more attention after being forwarded by well-known commentator Digital Perspectives, focusing on potential bullish scenarios for Ripple's native tokens after breakthroughs in key chart forms.

The two goals of the XRP

EGRAG CRYSTPTO's views are based on possible breakthroughs in the symmetrical triangle formed in the XRP long-term chart. Analysis shows that XRP prices are currently testing this breakthrough area, with key support ranges between US$0.85 and US$0.88. This level coincides with the lower boundary of the triangle, the important technical level known as the "white bridge", the monthly 111 exponential moving average, and the expected breakthrough backtest area.

Analysts marked US$6.40 as the first major upside target after the breakthrough scenario was established and called it an initial measured moving level derived from chart pattern. The second target of $30 represents a full macro-measure move, but this higher level will only become meaningful after XRP shows strong price acceptance above previous highs.

A brief break in the US$0.85 to US$0.88 range will not immediately negate the bullish structure, but a monthly close below this range will severely weaken the technical form. Recovering momentum above $1.23 to $1.65 remains the next step for bulls.

Support and Resistance

$0.85-$0.88: Key Support Range, Triangle Boundary, White Bridge, 111 EMA
$1.23-$1.65: Momentum Recovery Range
$6.40: First Measurement after Breakthrough Moving Target
$30: Full macro target, requiring price confirmation above previous highs

In the analysis,$6.40 is considered the first primary target for XRP, while $30 is considered the final macro target, provided that a breakout above previous market highs is confirmed. [TAG

Potential impact of regulatory clarity

Social media commentator Digital Perspectives, known for his crypto market insights, highlighted one factor he believes limits XRP prices in discussing the analysis: the lack of clear regulation. Historically, he argues, markets have been waiting for clarity at the legislative level, and once that happens, it could release large inflows.

He specifically mentioned the United States 'CLARITY Act, a legislative proposal that aims to provide clear regulatory status for digital assets, including XRP, and sees it as a potential catalyst. The bill is currently on hold in the U.S. Senate, drawing attention from market participants who believe its passage could create the conditions for significant growth.

Digital Perspectives also pointed out that the total size of the digital asset market currently exceeds US$2 trillion, and raised the question: If the total market value expands to US$8 to US$10 trillion in the next few years, how will XRP perform?

CLARITY Act-a U.S. legislative proposal aimed at providing regulatory clarity for digital assets, seeks to establish clear guidelines for the classification and handling of cryptocurrencies such as XRP. Both analysts believe that legislative clarity is the main driving force that could attract trillions of dollars into the crypto space, especially given the progress of the CLARITY Act.

The larger picture

EGRAG CRYSTPTO's call for macro backtesting reflects a long-term technical perspective based on historical chart patterns and the convergence of key support levels. The existence of symmetrical triangles and clear two-level targets provide a framework for bullish price movements, provided that the necessary confirmation signals appear.

Digital Perspectives 'comments emphasized that unless the regulatory environment changes and investor confidence is restored through legislative changes, these technological forms may remain unachievable. Both analysts see the current moment as a critical stage for XRP, and its next move is likely to depend on both technical confirmation and the progress of external supervision.