The $50 wick from Gemini remains a symbolic long-term target if symmetry plays out.
Despite the latest market selloff, analyst EGRAG Crypto remains unfazed, arguing that XRP’s macro structure is still intact and that the recent correction offers one of the strongest accumulation opportunities in years.
In a new chart update shared on X (formerly Twitter), the trader reaffirmed his long-term price projections of $10 (Micro Wick 1) and $50 (Macro Wick 2) for XRP, citing strong technical support above $1.94 and a long-term bullish structure consistent with previous expansion waves.
According to EGRAG, as long as XRP holds the $1.94 level, the asset remains inside a “powerful accumulation zone.” The analyst describes this range as a point of maximum fear but also maximum opportunity:
“We’re sitting in one of the most powerful accumulation zones you’ll ever see. Miss this range, and you’ll regret not loading up when fear was at its peak.”
EGRAG’s chart shows XRP forming a broad ascending structure stretching from mid-2024 to late 2025, with a breakout potential extending well beyond previous highs.
On EGRAG’s chart, the current ascending channel supports the thesis that XRP is consolidating before a major breakout.
The projection assumes XRP maintains higher lows through early 2026, with a full breakout potentially unfolding once liquidity returns to altcoins.
The first major upside projection, called Micro Wick 1, points to a measured move toward $10. EGRAG notes that the current price formation resembles a broad range rather than a clean wedge, but the measured move aligns with the wave theory projection for the next impulse.
If this move confirms as Macro Wave 2, the following Wave 3 could extend 1.618× higher than Wave 1, placing additional Fibonacci targets in the $14-$25 range, levels that would represent a 544% rally from current prices.
EGRAG also revisits a long-standing theory about Gemini’s historical wick to $50, which some traders dismiss as a data error. However, he argues that market symmetry often resolves both extremes:
“Some keep saying Binance’s wick to $0.77 must get filled, but why ignore Gemini’s wick to $50? If the market loves symmetry, both can balance in time.”
If such a move materializes during the next full bull cycle, EGRAG believes XRP could tap the $50 wick in what he calls “the real blowoff top”, completing a multi-year macro expansion pattern.
