A crypto analyst has boldly forecasted a significant breakout for XRP, predicting a target price of $7.5 despite its current trading value below $1. If achieved, this would mark new all-time highs and end XRP’s prolonged downward trend.

XRP’s Path to the $7.5 Target

On June 10, an analyst named ‘Egrag Crypto’ shared bullish projections on X (formerly Twitter), anticipating XRP could reach $7.5 before 2025. He believes XRP will break the “White Triangle” pattern, initiating a rise to $1.5 and triggering a short but strong upward momentum. Using a price chart from 2020 to 2026, Egrag Crypto highlighted a critical Fibonacci 1.618 zone, between $6.5 and $7.5, as a significant resistance area and prime profit-taking opportunity.

Despite XRP's current low price, Egrag Crypto’s projection offers hope to supporters, suggesting XRP might surge following the pump of other major cryptocurrencies. He urged patience, predicting rotational profits would flow into XRP, which he believes is a "BLACKHORSE" in the market.

Further, Egrag Crypto projected XRP could hit mid-double digits if it closes above the Fibonacci 1.618 level weekly, targeting the Fibonacci 2.414 and 2.618 levels, indicating a potential rise to $25-$45.

XRP Price Performance Update

Despite Egrag Crypto’s optimism, XRP’s price continues to decline, dropping 2.15% in the last 24 hours and currently trading around $0.48, a 6.61% decline over the past week. However, XRP’s trading volume has surged by 80.02% in 24 hours, indicating sustained interest among traders and investors.