Well-known market analyst EGRAG has used a linear regression framework to predict bullish price milestones for XRP in 2025.
Interestingly, XRP recently closed an annual candle It crossed the $2 mark for the first time in its history, reinforcing the bullish sentiment. EGRAGs analysiswhich he backed up with a monthly XRP chart, discusses the altcoin’s possible path from here towards $6.4, $8.5, $13.7 or even $27.5.
The XRP linear regression channel
In particular, he used a linear regression channel on a logarithmic scale. For context, the tool helps identify trends and potential reversal points within XRP’s price movement by considering 68% of price movements within its upper and lower bands.
Specifically, the upper band represents overbought levels at which price corrections may occur, while the lower band suggests oversold conditions signal possible bullish reversals.
According to EGRAG, the centerline within the channel is important for identification XRP price Reversal pattern. Notably, prices often fluctuate around this mean, which contributes to this identify Market sentiment and directional dynamics.
In its forecast, EGRAG noted that XRP will is likely to approach the upper band of the channel in 2025, in line with the Fibonacci retracement levels that would define its key price objectives.
Timetable for XRP to achieve its goals
EGRAG predicted that XRP could reach $6.4 by March 2025, a level that coincides with the 1.618 Fibonacci retracement. For comparison, this price point marks the upper boundary of the regression channel and represents an important resistance zone for XRP.
Meanwhile, a breakout above this level and the regression channel could…
