XRP continues to attract bullish outlooks from analysts despite macro headwinds. Market expert EGRAG recently identified a key ascending resistance trendline, dubbed “The Chasm,” that has historically limited XRP’s rallies.
In past cycles, a breakout from this level triggered explosive gains. If XRP merely “touches” the Chasm line, projections place it around $11. Meanwhile, a full breakout similar to its 2017 move could push it as high as $37, according to EGRAG.
Supporting this outlook, other technical analysts point to XRP’s recent breakout from a bull flag formation. Chart Nerd, a prominent analyst, highlights XRP’s $2.60 support zone and sets near-term targets at $8 and $15.
He emphasized whale accumulation and renewed social momentum as key drivers during this dip. These developments make XRP one of the best altcoin to buy during this dip.
