The price of XRP has been stuck below $1.38 SAR for an extended period, raising questions about its future trajectory. An ascending triangle on EGRAG Crypto's monthly chart suggests a potential target of $225, but the daily trend remains uncertain.
According to EGRAG Crypto's monthly chart, which dates back to 2018, XRP is currently within a base-building phase that precedes a significant move. The non-log measured move targets a range of $4 to $7, while the logarithmic measured move points to a much higher target of $225.
XRP spot ETFs have seen significant inflows in recent days, with $9.09M flowing into the market on April 10. However, this has not yet translated into a bullish trend for XRP, which remains stuck below key resistance levels.