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XRP remains within a defined bullish technical structure outlined by the updated “Color Code” analysis, which continues to signal potential long-term price targets in the $8 to $13 range, with extended projections reaching up to $27, according to Egrag Crypto’s latest assessment [1]. The model identifies multiple wave patterns, with a confirmed close in the green bullish zone expected to trigger a larger upward move, potentially peaking in late September [2]. Despite this, the immediate price of
faces bearish pressure, trading at $2.91, a 2.89% decline on the day, amid a broader weak market environment [3].The updated chart shows the Blue Supply Zone continuing to act as a key resistance zone, while the yellow accumulation zone remains intact, supporting the long-term bullish case [1]. Short-term technical indicators confirm this bearish bias, with the RSI at 45.76 and the MACD line below the signal line, indicating a critical test at the $2.90 level to validate the bullish structure [3]. Traders are closely watching whether XRP can stabilize above this threshold to maintain the integrity of the larger Wave 3 of 3 projection [2].
Analysts have noted that the current market battle is evident in the elevated trading volume of $7.1 billion in the last 24 hours, which reflects intense activity between buyers and sellers at key price levels [3]. While XRP’s price remains below its long-term bullish targets, the model still suggests the larger upward trajectory could remain intact if the defined wave patterns complete as forecast [1].
Separately, the correlation between XRP and
has become a focal point for some analysts, with one group projecting a potential short-term rally toward $3.6–$4.0, contingent on Bitcoin’s performance [4]. However, this projection should not be conflated with the broader long-term targets outlined in the Color Code model [2].As of the latest update, Egrag Crypto has confirmed the bullish trajectory is still “on track,” with the only notable adjustment being a shift in the projected timeline. The analysis continues to emphasize the importance of validating key support and resistance levels to confirm the ongoing bullish case [1].
Source:
[1] Times Tabloid https://timestabloid.com/xrp-color-code-updated-xrp-still-on-track-for-these-bullish-targets/
[2] CryptoRank https://cryptorank.io/news/feed/c84f6-why-are-traders-watching-xrps-color-code-for-a-september-peak
[3] Coin Edition https://coinedition.com/why-are-traders-watching-xrps-color-code-for-a-september-peak/
[4] Coinspeaker https://www.coinspeaker.com/xrp-price-correlated-bitcoin-what-next/

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