Following a recent price dip, many in the crypto community have questioned if the Ripple (XRP) bull run has come to an end. However, a prominent market analyst, EGRAG Crypto, suggests the current dip is merely a “plot twist” and not the final act.

In this video, Nick breaks down the three key technical reasons behind this optimistic outlook and explores what could be next for XRP’s price.

1. The Monthly Chart Structure Remains Intact

Despite the short-term volatility, a deep dive into the long-term XRP chart reveals a solid foundation. According to the analysis, the significant “fat green candles” that drove the recent price surge have not been invalidated. This indicates that the long-term market structure is still bullish, and the fundamental upward momentum remains strong. This view is supported by other technical analyses that suggest XRP is in a new consolidation phase after breaking out from a long-term range that lasted from mid-2022 to late 2024.

2. Key Fibonacci Levels Are Holding Strong

A crucial sign for bulls is that XRP’s price held above a key support level around $1.99. This level, identified through Fibonacci analysis, has acted as a strong floor. The fact that the price did not break below this support suggests that the correction is a healthy pullback, rather than a reversal of the trend. Holding above these key levels is essential for maintaining investor confidence and setting the stage for the next leg up.

3. The 21-Month EMA Is a Bullish ‘Pulse Check’

Another significant indicator is the 21-month Exponential Moving Average (EMA). The price of XRP has remained above this critical line, which analysts refer to as a “pulse check” for long-term momentum. Staying above the 21-month EMA suggests that the market is merely taking a pause to “catch its breath” before continuing its upward trajectory. This confirms that the long-term momentum is still alive and well.

Future Price Targets: The Road to a New All-Time High

Based on this technical analysis, the future looks promising for XRP. Nick suggests potential price targets that could lead to new all-time highs. The first target is a push toward $3.90, which would surpass the previous all-time high. A more ambitious long-term target of $9.22 has also been mentioned, building on the possibility of a major breakout.

This is a view shared by other analysts who have pointed to targets as high as $7 and even $27, citing institutional interest and a potential XRP ETF as major catalysts for a significant surge.

A Final Note on Rational Investing

Nick emphasizes the importance of making rational, not emotional, decisions. In a volatile market, it’s easy to be driven by fear and frustration during a dip. However, sticking to a well-researched plan and trusting long-term technical signals can help investors navigate these challenging periods.

Disclaimer: This video and summary is for informational purposes only and is not financial advice. Cryptocurrency markets are highly volatile, and you should always conduct your own research before making any investment decisions.