Real XRP Wake Line to Drive XRP to $7.5: Top Analyst

Market analyst EGRAG Crypto has once again presented a bullish outlook for XRP, depending on its ability to break the so-called Genuine Wake-Up Line (GWUL).

According to his latest analysis, XRP is on the verge of a defining moment that could send its price skyrocketing beyond $1.5 short term. The focus of the analysis is the “Genuine Wake-Up Line”. This line has long guided XRP’s price movements.

Resistance at the real wake line

EGRAG first launched the GWUL in May 2024 after XRP broke the Final Wake-Up Line last July. An accompanying table for the latest status update shows several lines, including the GWUL, which he sees as a major obstacle to XRP.

This line served as strong resistance as it formed after the April 2021 high of $1.96. The GWUL has restricted itself XRP’s bullish moves since. However, according to EGRAG, the coin is now close to breaking through resistance.

If XRP manages to break this line and maintain its position above it, it would mark a change in market sentiment. The analyst believes that a confirmed breakout could lead to an immediate rebound towards $1.50, with medium-term targets between $5.50 and $7.50.

EGRAG noted that the key to this uptrend is not only to break above GWUL, but also to stay above it for at least three days to confirm the breakout.

XRP forms a yellow triangle

The EGRAG map also shows yellow trianglewith the GWUL serving as the upper boundary and the Atlas line serving as support. Interestingly, XRP has also formed a smaller white triangle inside the yellow triangle. According to EGRAG, this pattern connecting the 2021 highs shows the ongoing battle between bulls and bears.

As XRP approaches the convergence point of this triangle, the battle will intensify. If the bulls manage to push XRP above this triangle, EGRAG believes that a big upward wave could follow. A break above the triangle would also mean a break of the GWUL.

Within this triangle, the first target is $1.50. According to EGRAG, this level is important because it signals the completion of Wave 1 within a larger Elliott Wave pattern.

A breakout above this threshold would trigger a correction wave 2, which could see prices fall back to $0.75 before a more significant recovery. In particular, this significant rally could lead to that the final goal is $7.50 in the coming months. This goal could be realized in the later phases of a macrowave 3.

However, to reach these heights, XRP needs to maintain its position above $0.62. EGRAG notes that XRP has a good chance of a bullish breakout as long as the price does not fall below this support. At the time of reporting, XRP has fallen below the support level and is now trading at $0.60002.