XRP eyes $6.80, $16.17, $31.64 targets in new cycle, EGRAG CRYPTO says

EGRAG CRYPTO, a technical analyst widely followed in the digital asset community, has published a detailed monthly chart analysis of XRP, outlining a repeating macro structure that has emerged across three market cycles spanning from 2014 to today. According to EGRAG CRYPTO, the historical chart—analyzed using a logarithmic scale to display XRP’s full price history—identifies three clear market cycles, each characterized by distinct descending trendlines. The first trendline covered the period from 2018 to 2020, the second defined price action from 2021 to 2023, and the current descending line is being tested right now in the latest cycle.