XRP Surges Past $3, Bulls Eye Double-Digit Territory

XRP, the native cryptocurrency of the Ripple network, has been making waves in the crypto market, holding steady at $3 despite broader market uncertainties. This resilience has fueled optimism among analysts, with market expert EGRAG Crypto predicting a major rally that could propel XRP into double-digit territory.

EGRAG's latest analysis highlights a crucial technical breakthrough—XRP closing a six-month candle above the Bull Market Support Band (BMSB)—which could set the stage for substantial price appreciation. XRP surged past the $3 mark on January 15, 2025, for the first time in seven years, a major milestone for bullish sentiment. Over the past two weeks, the digital asset has consistently bounced back whenever it dipped into the upper $2 range, reaffirming strong market support.

At the time of writing, XRP is trading at $3.08, reflecting a 1.26% decline in early trading. However, it has managed to maintain support at $3 despite market volatility, suggesting investor confidence and growing momentum. A key reason for XRP's bullish outlook is its first-ever attempt to close a six-month candle above the Bull Market Support Band (BMSB). The BMSB is a critical indicator that distinguishes bullish and bearish trends. If XRP closes above this level, it would signal the asset's strongest long-term bullish positioning.

EGRAG Crypto notes that XRP began the current six-month candle in January 2025 at $2.07, already above the BMSB. As XRP surged to $3 and maintained this level, it reinforced the likelihood of a bullish continuation. According to EGRAG, the lower boundary of the BMSB is at $2, and he believes XRP is unlikely to fall below this level. However, he does acknowledge that major global events, such as cyberattacks, wars, or financial crises, could trigger a market-wide correction. Barring such disruptions, XRP appears poised for significant growth in the coming months.

With XRP's impressive strength, EGRAG Crypto has outlined two potential price trajectories based on long-term technical patterns. The conservative target considers the midpoint of the symmetrical triangle pattern on the six-month chart, suggesting XRP could rise to at least $8 and potentially as high as $13. Achieving this target would require a