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Analyst sets first major target for XRP price

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As XRP price retests a monthly support level, pseudonymous cryptocurrency analyst Egrag Crypto has set his first major target for the next bull market.

The crypto expert has set $6.40 as the first major target for XRP during the next bull rally, in an X post analyzed by Finbold on July 28. With XRP price trading at $1.06 on Tuesday, Egrag Crypto suggests a potential 503.77% upside.

This analyst highlighted that XRP price has finally retested a breakout from its multi-year symmetrical triangle. However, the analysis shows a potential XRP price drop below $1 to its support level around $0.88, which coincides with the 111 monthly EMA (Exponential Moving Average), if the upper border of the multi-year symmetrical triangle fails to hold.

Egrag Crypto sets key liquidity levels for XRP price

Egrag Crypto also identified key resistances to consider before the $1.40 target is hit. Among them is a clear reclaim of the liquidity zone near $1.23 as support, since it would trigger a rally to $1.65.

For the altcoin to hit the major target, a clear surge above $1.65 must be confirmed. Moreover, such a move would signal a rally towards the resistance level around $3.00 and $3.50, which is the token’s all-time high.

Ultimately, a bull rally towards $6.40 would be affirmed with the 21-month EMA as a support level and XRP price consistently above its ATH. In such a scenario, the expert highlighted that a rise towards $6.40 would gain momentum, with a target of $30 in case of a strong parabolic gain.

Token’s analysis

So far in 2026, XRP price has dropped nearly 43%. At the time of publication, the token had a reported 24-hour trading volume of approximately $1.33 billion and a market capitalization of $66.06 billion.