The digital asset XRP, currently valued at $0.5228, has re-entered the bullish zone, according to a recent report by the renowned analyst EGRAG. This shift in position could potentially pave the way for the asset to reach its $1.4 target, following a 7.24% increase over the past week.

EGRAG's "color code roadmap" indicates that XRP spent most of its time since September in the Ranging zone. However, a rally on Wednesday, October 19th, propelled it into the Bullish zone. This change has fueled optimism about the asset's potential to reach the $1.4 target if it can maintain a full-bodied bullish weekly close above its current price.

Before reaching this goal, XRP must first overcome several resistance levels. These are located at $0.5738, $0.6432, $0.7409, and ultimately $0.93 - the Fibonacci level of 0 which previously halted XRP's attempt to reclaim the $1 price point back in July.

EGRAG maintains that once these resistances are broken, it will be smooth sailing for XRP toward the $1.4 price point. Nevertheless, this outlook remains speculative and depends on various market factors and conditions.

https://www.investing.com/news/cryptocurrency-news/xrp-reenters-bullish-zone-targets-14-price-point-93CH-3205468