- EGRAG outlines $15, $22, and $40 price targets for XRP.
- Ripple’s SEC case closure removes a significant hurdle for XRP growth.
XRP is showing renewed bullish momentum as technical indicators and legal clarity align to support upward movement. EGRAG Crypto has highlighted a bullish “W” pattern forming on XRP’s chart, referring to it as pattern number 10 in a larger technical series.
EGRAG outlined three price targets: $15 for the conservative scenario, $22 as the mid-range goal, and $40 under optimal conditions. The breakout zone is located near $0.80, with EGRAG recommending that investors begin taking profits between $6 and $7 to manage risk.
The strategy stresses disciplined accumulation during dips and selling into strong rallies. EGRAG warned that trying to time market tops or bottoms is rarely successful and called the process a “Game of Selling between the Bottom and Top.” He advised the XRP community to stay patient and focused through market swings.
Meanwhile, XRP is currently trading at $2.17 after breaking out of a descending wedge pattern. This breakout suggests a possible 16.79% move toward resistance at $2.48.
The upward trendline, which has held since May 2025, remains intact and supports current price action. A sustained move above $2.20, backed by volume, could confirm further bullish continuation and open the door to new short-term highs.
Ripple Ends SEC Case, Clears Regulatory Uncertainty
Ripple has withdrawn its cross-appeal in the legal case against the U.S. Securities and Exchange Commission (SEC), and the SEC is expected to do the same. This move marks the conclusion of a multi-year legal dispute and removes a major source of regulatory uncertainty for XRP. CoinCryptoNewz reported that the case resolution could boost institutional confidence and improve the asset’s long-term outlook.
Ripple CEO Brad Garlinghouse confirmed the decision and said the company would now shift its focus to growing the XRP Ledger and advancing the Internet of Value. With the legal overhang resolved, market analysts believe investors may now prioritize fundamentals and chart signals in evaluating XRP’s future direction.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
