XRP Bulls Eye $60 as Crypto Analyst Maps Parabolic Arc

Crypto analyst Egrag Crypto recently shared an in-depth technical analysis of XRP’s price action, outlining short-term resistance levels and long-term upside potential. His analysis, accompanied by a detailed chart, highlights key Fibonacci retracement levels, a parabolic arc formation, and critical breakout points that could define XRP’s trajectory in the coming months and years.

Short-Term Analysis: Key Resistance and Breakout Levels

According to Egrag Crypto, XRP trades at approximately $2.67, demonstrating strong bullish momentum. However, it faces immediate resistance in the $2.75–$3.00 range, with the red horizontal resistance line at $3.00 being a significant psychological and technical barrier. A monthly close above $3.00 is crucial for confirming a breakout. If XRP successfully holds above this level, the next price targets are defined by the Fibonacci extension levels: Fib 1.414 at $4.30 and Fib 1.618 at $6.40. These levels represent the next major resistance zones where price action could consolidate before continuing higher. Egrag Crypto emphasizes that volume and momentum will be critical factors in determining whether XRP can sustain its bullish trajectory beyond these levels.

Long-Term Outlook: Parabolic Arc Formation and High Price Targets

The long-term projection presented in the chart suggests that XRP is forming a parabolic arc, a pattern that consists of three distinct phases marked by yellow, green, and blue curves. This formation historically indicates exponential growth if key resistance levels are breached. Egrag Crypto projects long-term price targets for XRP based on Fibonacci extensions and channel projections. In a full bullish scenario, the expected price range falls between $33.00 and $60.00. Intermediate targets include $8.00, $13.00, and $27.00, with a peak Fibonacci level of $67.50. A confirmed breakout above Fib 1.618 ($6.40) would further validate the possibility of XRP reaching these higher levels.

Potential Risks: Bearish Scenarios and Market Uncertainty

Despite the strong bullish outlook, Egrag Crypto acknowledges potential bearish risks. If XRP fails to close above $3.0