XRP is currently trading within an extensive ascending triangle pattern that has played out over several years, according to chart analysis by EGRAG CRYPTO, a well-known crypto analyst. He described the current conditions as a critical turning point for the digital asset, with a “macro launch base” forming at a key support level.
The macro launch base theory
EGRAG CRYPTO explained that XRP’s fifth macro launch base has taken shape on the long-term chart, as the price compressed into a narrowing range. He argued that each previous formation of this kind preceded a significant price movement for XRP, suggesting the latest base could signal a new trend.
He emphasized the gradual nature of market reversals, stating that market bottoms are built over time rather than forming instantly. “Bottoms are not built in one candle,” he wrote. “They are built through duration.” EGRAG CRYPTO suggested that macro bottoms typically develop between six and ten months and often precede substantial moves that attract attention from long-term holders.
Each previous macro launch base marked a transition point for XRP, with the pattern’s duration and structure offering signals for potential moves ahead. According to EGRAG CRYPTO, patience is essential, as these setups are drawn out and can take months to complete.
EGRAG CRYPTO’s posts and chart analyses have gained popularity among traders tracking XRP’s long-term movements.
Mini dictionary: Ascending triangle, a technical analysis pattern formed by a horizontal resistance level and an upward sloping support line, often viewed as a bullish continuation signal.
XRP price targets and chart structure
In a recent video, the analyst Moon Lambo discussed EGRAG CRYPTO’s charting, which shows XRP moving within the bounds of this ascending triangle. He highlighted that the current formation aligns with where previous upward “launches” began in the past.
Moon Lambo identified a near-term target of $9.50 for XRP, with a possible extension to $13, should the price successfully break above the triangle’s top boundary. These levels represent significant upside from current prices, reflecting the historical pattern depicted on EGRAG CRYPTO’s chart.
| Target Level | Description |
|---|---|
| $9.50 | First major upside target if resistance breaks |
| $13 | Secondary potential target following breakout |
Patience, long-term holding, and investment strategy
Moon Lambo, who has discussed holding strategies since 2017, pointed out the importance of patience. He described his personal approach, saying he invests and waits for a significant price move, only selling if the assets reach new highs or his thesis changes. Otherwise, he accepts the risk that prices could decline to zero.
He shared his personal experience holding Zcash through years of minimal price action before it surged from $47 to nearly $1,300, underscoring that persistence and a willingness to wait can be crucial in volatile markets.
Moon Lambo stated, “The people that cannot or will not wait are just not going to make it.”
Speculative targets and the future for XRP
The chart reviewed by both EGRAG CRYPTO and Moon Lambo also showed a speculative longer-term figure of $100 for XRP. While Moon Lambo did not make a concrete prediction or assign a timeline, he referenced the potential for cryptocurrencies as an asset class to reach above $100 trillion in value. He believes XRP could claim a share of this expansion given its intended role in global finance.
He commented that speculating about $100 XRP is not unreasonable, although he described it as a long-term scenario rather than a short-term target.
