XRP Macro Wick 2 Target $50 as Analyst Says XRP Still in a Bullish Phase
EGRAG Crypto, a prominent XRP community analyst, believes XRP is still in a strong accumulation zone despite recent market corrections that saw XRP’s price drop 13.16% to $2.2. He remains bullish on XRP's long-term outlook, suggesting that if a recovery occurs, the initial price target could reach $10 (a 326% increase), with higher targets potentially reaching $14 to $25 or even $50 under favorable conditions. EGRAG references past price movements and suggests potential rebounds based on market trends and historical wicks, while maintaining confidence even amid widespread market uncertainties.
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EGRAG's Analysis of XRP in the Accumulation Zone
EGRAG Crypto, a well-regarded XRP community analyst, has affirmed that XRP remains within a powerful accumulation zone. His bullish outlook stands firm even as the crypto market, including XRP, faces widespread uncertainties. Between November 3 and 4, the total crypto market cap plummeted by $350 billion, and XRP suffered a 13.16% drop, reaching the $2.2 price level. Despite this, EGRAG maintains confidence in XRP's long-term value proposition.
XRP Maintains a Bullish Position Amid Market Volatility
Although XRP underwent a significant pullback, EGRAG emphasized its potential for long-term growth. Referring to his analysis, EGRAG expressed confidence, stating he presented it with 'zero fear' despite the recent downturn in the market. His chart reveals that XRP continues to trade within a range established after its drop from $3.4 in January 2025. During the October 10 crash, XRP tested the lower trendline of this range, but support held, prompting the price to rebound back into the range.
Price Projections: Micro Wick and Macro Wick Targets
EGRAG remains optimistic as XRP trades near the lower trendline of its range. He projected an initial upward breakout target—termed 'Micro Wick 1'—located at $10, which represents a 326% increase from the current price of $2.34. Additionally, EGRAG mentioned a scenario where the ongoing correction represents 'Macro Wave 2'. In such a case, the following Macro Wave 3 recovery phase may propel XRP’s price 1.618x higher than the previous wave, placing the target between $14 and $25.
Macro Wick 2 and the Potential for a $50 Target
Beyond the Micro Wick, EGRAG also discussed a potential 'Macro Wick 2.' He noted certain analysts' claims that XRP could revisit its October 10 crash low of $0.77 on Binance. However, EGRAG argued that should the market fill this downward wick, it is equally likely to move to the $50 upward wick seen on Gemini. For context, shortly after Gemini listed XRP in August 2023, a low liquidity event caused a massive price spike to $50. According to EGRAG, based on the principle of price filling wicks, $50 represents a potential blowoff target for XRP.