Crypto analyst EGRAG Crypto has identified $589 as XRP’s highest potential target within a long-term ascending structure. According to EGRAG Crypto, the projection identifies potential price coordinates rather than predicting when XRP could reach its highest target. His monthly Bitstamp chart places XRP inside an ascending channel extending from 2014, alongside a diamond formation created by intersecting consolidation trendlines. The analyst identifies $5, $11.50, $25, $60, $135, $300, and $589 as milestones, although XRP must first satisfy three technical conditions.