Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $2.40 soon. He made this prediction based on the altcoin’s breakout above a descending channel and revealed what needs to happen next for it to reach this $2.40 target.  XRP Price Eyes $2.40 With Breakout Above Descending Channel In an X post, Egrag Crypto stated that the XRP price has broken above the descending channel at $2.2. He further remarked that the altcoin now needs to break another descending channel at $2.2962. Once that happens, the analyst declared that the target will be for the token to close above $2.40.  His accompanying chart showed that a successful close above $2.40 would put higher targets, such as $2.55, $2.71, and $2.88, within sight for the altcoin. This could pave the way for the altcoin to reclaim the psychological $3 level and aim for a new all-time high (ATH). The analyst also recently highlighted a ‘W’ pattern, which confirmed that a new ATH was in sight.  Egrag Crypto stated that the price targets with this bullish pattern are $15, $22, and $40, which represent the conservative, average, and optimistic targets, respectively. However, he urged market participants to take their initial capital at lower targets, starting around $6 to $7. He added that they should also secure profits along the way.  XRP Needs To Hold Its Current Level To Stay Bullish In an X post, crypto analyst CasiTrades declared that the XRP price needs to hold above $2.16 to stay bullish. She noted that after reaching the $2.30 resistance, the price wasn’t able to hold the $2.25 support level. Instead, the altcoin is now pulling back to retest the top of the consolidation between $2.18 and $2.16.  CasiTrades affirmed that this isn’t a breakdown, at least not yet, but that this test matters. The analyst explained that this is a critical zone and that holding above it keeps momentum intact. It also confirms that the XRP price is still in a breakout move, not just backfilling a structure. She added that this price action is very common, with a breakout, rejection, quick retest, and then launch. However, for that to happen again, she again stated that $2.16 needs to hold.  If the XRP price fails to hold above $2.16, the crypto analyst warned that it risks a deeper downside and a broader trend reset. This then opens the door for token to drop to the $1.90 support. On the other hand, she claimed that XRP simply needs to flip $2.25 to support, and then the altcoin is set for “$2.69, $3.04, and beyond.” At the time of writing, the XRP price is trading at around $2.19, down in the last 24 hours, according to data from CoinMarketCap.

In line with the broader crypto market, Aptos (APT) experienced a remarkable price upswing in the past week culminating in a market gain of 12.53%. However, the prominent altcoin remains in a corrective phase with a price loss of 8.75% on its monthly chart. Aptos has famously underperformed in the crypto bullish resurgence that kicked off in April reaching a local peak of $6.14 while the present market cycle top lies around $17.90. However, popular market analyst with X username PlanD has tipped the altcoin to maintain its most recent uptrend as indicated by a bullish chart pattern. Aptos Ready For Major Bullish Price Reversal – Analyst In a recent X post on June 27, PlanD provides an insightful technical analysis on the APT market hinting at a major price surge ahead . Firstly, the renowned analyst explains APT has shown consistent price movement within a descending channel over the past two and half years. However, APT price action in the past three months have twice retested the lower boundary of this channel, thereby forming a double bottom pattern – a bullish reversal pattern formed when price forms two similar lows separated by a rebound as seen between April till date on the chart below.   The peak of the intervening price rebound serves as the pattern’s neckline, and a breakout above this level confirms the market’s intent for a bullish reversal. Therefore, if APT bulls can secure a decisive daily close above $6.00, it would likely trigger a broader market rebound, with price targets set around $9.92, representing an estimated 100% gain on present market prices. Beyond $9.92, a sustained buying pressure could force APT to return to its cycle top at $17.90 which currently aligns with the upper boundary of the descending price channel. According to PlanD’s analysis, a successful breakout above this long-standing channel exposes investors to lofty price targets as high as $55 and $79. On the cautionary note, APT bulls must avoid a price rejection at the $6.00 region, which represents the market’s next major resistance. The occurrence of such a scenario would suggest a delay of the purported or invalidation in the case of price fall below the present support line at the lower boundary of the descending channel. Aptos Price Overview At the time of writing, APT trades at $4.88 reflecting a 2.41% decline in the past day. Meanwhile, the altcoin’s daily trading volume is soaring by 67.08% and valued at $430.09 million. With a market cap of $3.41 billion , Aptos ranks as the 31st largest cryptocurrency in the market.