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Chart by an analyst uses Fibonacci arcs for XRP’s possible price path
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The “Red Lake” zone and the “Blue Ocean” zone on the chart represent market behaviour
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Technical analysis suggests that XRP could potentially reach price targets between $13 and $27
Crypto analyst EGRAGCrypto released their latest “XRP Bermuda Triangle” chart. The chart combines Fibonacci arcs with symbolic zones to project XRP’s future price movements.
The chart shows XRP’s progress through seven Fibonacci arcs. XRP is now past the first four arcs as of January 2025. This indicates a change in momentum. Price is now navigating arcs 5 and 7, with each arc acting as a potential resistance or acceleration zone. When these arcs converge in March, it indicates increased volatility.
Related: XRP’s Counter-Narrative : Challenging Bitcoin’s Institutional Dominance Towards 200K
What do the “Red Lake Zone” and “Blue Ocean Zone” Zones mean for XRP
The Bermuda Triangle structure includes symbolic zones that reflect both the psychology of XRP investors and overall market sentiment.
Related : Crypto Author Challenges CoinMarketCap’s XRP supply Calculation, Calls For Fair Accounting
After reclaiming Equilibrium near $1.12, and breaking above the Atlas Line over the long-term, XRP pushed past the Final Wake-Up Line–a downward trend that lasted several years. This breakout also led to the Red Lake, a volatile period historically marked by price rejections.
Blue Ocean Zone – XRP Price Levels are Highlighted
Having left the Red Lake, XRP now resides in what EGRAG refers to as the Blue Ocean — a larger range with less immediate opposition.
Fibonacci levels that are important in this zone include $1.97 and $2.77. Other levels include $9.71 and $18.01. These levels are combined along with Elliott Wave predictions, which suggest that Wave 3 could reach up to $13 or even $21. If Fibonacci and historical patterns hold true, Wave 5 may drive the price to $27 or higher.
Related: XRP’s Counter-Narrative : Challenging Bitcoin’s Institutional Dominance Towards 200K
The Bermuda Triangle chart, with its confluence of symbols and technical indicators, is more than a visual representation. It’s a strategic roadmap that’s meant to help those who are interested in XRP’s potential.
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