Analyst Predicts XRP Kangaroo Bounce if it Stays Above this Critical Level

XRP’s recent performance on the weekly chart has placed the asset at a decisive point, according to EGRAG CRYPTO (@egragcrypto), a well-followed analyst on X. Drawing on multiple technical indicators, including the Gaussian Channel and Elliott Wave theory, the analyst outlined a scenario in which XRP remains in bullish territory so long as certain price levels continue to hold. EGRAG CRYPTO repeatedly referenced the “kangaroo” as a symbol for XRP bouncing decisively off critical support. The kangaroo appears on his chart at two points in XRP’s price history, both marking large upward movements. Notably, these points coincide with bear traps recently highlighted by another analyst. According to EGRAG CRYPTO, as long as XRP stays above the top of the Gaussian Channel near $1.75, the kangaroo structure remains valid. A dip into the channel, he noted, “can feel like quicksand,” potentially ending this bullish cycle. However, he still expects “one more leg to the upside,” especially if July confirms a breakout. #XRP – Kangaroo + Gaussian Channel + EMA = Valhalla Gaussian Channel Analysis : On the Weekly timeframe, #XRP is currently well beyond the upper boundary of the Gaussian Channel. The top edge is around $1.75. Dipping inside the channel can feel like quicksand, it… https://t.co/LHScQKuZu7 pic.twitter.com/cKxkIyDV8l — EGRAG CRYPTO (@egragcrypto) June 22, 2025 EMA Analysis and Critical Resistance Levels EGRAG CRYPTO previously predicted that XRP would hit its cycle peak on July 21 , and he has highlighted the 21-week Exponential Moving Average (EMA) as another key factor to watch. He warns that a close below the EMA would be bearish, but consolidation near it remains healthy. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Resistance stands at $2.33, and a break above $2.65 would confirm a macro bullish “GO/GO signal.” The main support is at $1.75, aligning with the Gaussian Channel’s top. Another analyst recently shared a short-term bearish outlook , and EGRAG CRYPTO says a dip to this level is acceptable as long as XRP holds above it. Price Projection and Potential Bullish Continuation The final chart with the Elliott Wave analysis suggests XRP is entering Wave 5, the final impulse wave. Using Fibonacci extensions and gains of 71% and 702% from prior waves, he estimates a 477% rally from Wave 4’s base. This projects a price between $7 and $10, with $7.62 as the midpoint. XRP must hold its current structure through July to continue mirroring the 2017 pattern. A drop below key support could trigger a prolonged sideways phase. However, EGRAG CRYPTO is confident that a massive surge is coming in July , and staying above the Gaussian Channel and critical EMAs will keep the bullish scenario intact. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Predicts XRP Kangaroo Bounce if it Stays Above this Critical Level appeared first on Times Tabloid .

Source: TimesTabloid