As market participants focus on these short-term struggles, analyst EGRAG Crypto has pointed out that both XRP and Ethereum may share the same long-term destination.
From this range, Fibonacci extensions line up major levels: $623 at the 0.702 ratio, $1,413 at the 1.0 ratio, $4,405 at the 1.414 ratio, and $7,700 to $8,000 at the 1.618 extension. EGRAG calls this extension the critical long-term target.
He also pointed out an inverse head-and-shoulders structure that has formed since 2021. The left shoulder formed between May and November 2021, the head formed from November 2021 to March 2024, and the right shoulder has taken shape since March 2024. A breakout targets the Fib. 1.618 level of around $8,000.
Interestingly, XRP’s chart follows the same timeline. Specifically, XRP reached its peak of $3.31 in January 2018, dropped to a low of $0.1140 in March 2020, and spent years consolidating until the breakout in November 2024.
From this high-to-low move, Fibonacci extensions set up $3.52 at the 1.0 ratio, $15.23 at the 1.414 ratio, and $31.34 at the 1.618 extension. EGRAG places XRP’s target between $27 and $31, in line with this projection.
Meanwhile, instead of a head-and-shoulders setup, XRP’s chart shows a massive contracting triangle stretching from 2018 into 2025. Its price action squeezed inside the triangle for years until breaking out recently.
EGRAG measured the height of that triangle and used it to project the next move. Remarkably, the projection aligns with the same $31 zone marked by the Fibonacci extension.
Essentially, data from the ETH and XRP charts shows interesting similarities. Notably, Ethereum and XRP topped out in early 2018, bottomed in March 2020, and are now climbing toward Fibonacci extensions drawn from those exact points. The method gives Ethereum a target of around $8,000 and XRP a target near $31.
Highlighting this, EGRAG questioned why many traders believe Ethereum will hit its extension target while dismissing XRP’s chances. He noted that some analysts even expect Ethereum to reach as high as $15,000 to $20,000 in just a few months, yet show no confidence in XRP following the same math.
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