XRP Reaches Historically Attractive Zone, Analyst Sees Potential Upside to $8

XRP's price has slipped to $1.11, resulting in a 16.39% loss for June. Despite this weakness, EGRAG Crypto believes XRP may have reached an important technical level.

EGRAG's analysis shows that XRP has retested the lower boundary of the Gaussian Channel on the 2-week chart. This area has historically provided attractive buying opportunities before major price rallies.

The analyst sees this zone as one of the best risk-to-reward zones for investors, with two potential price targets for XRP during the next major move higher: $8 and $5.7.