XRP is approaching a key technical level on the monthly chart shared by crypto analyst EGRAG CRYPTO (@egragceypto). The chart shows a Diamond Pattern nearing a decision point, while the 33 EM
XRP is approaching a key technical level on the monthly chart shared by crypto analyst EGRAG CRYPTO (@egragceypto). The chart shows a Diamond Pattern nearing a decision point, while the 33 EMA and 50 SMA are converging in the same area. The combination has placed the next major XRP move firmly in focus.
The analyst describes the setup as a potential turning point for the current cycle, with a confirmed breakout that could trigger significantly higher prices. The chart uses an inverted orientation, so the projected move appears visually downward even though the marked price levels represent upside targets.
The Diamond Is Closing
The latest XRP structure has developed over a lengthy period and now sits close to completion. XRP formed this Diamond pattern from trendlines within a long-term ascending channel and a smaller descending channel. The chart shows XRP heading toward a key decision point after an extended period of red candles.
The analyst wrote, “The Diamond is closing… and so is the window for this cycle’s biggest move.” The monthly timeframe also gives the setup significance. Rather than focusing on short-term price movements, the chart tracks XRP through several major market cycles.
33 EMA and 50 SMA Converge
The moving averages provide another key part of EGRAG’s analysis. The 33 EMA and 50 SMA are interacting with current price levels within the Diamond structure.
The chart compares this configuration with previous cycle bottoms. Those historical examples show bullish reactions after similar interactions between the moving averages during earlier major XRP structures.
The most recent of these was XRP’s 500% surge in late 2024. Their current convergence gives traders another major bullish technical reference alongside the Diamond itself.
Higher XRP Targets Come Into Focus
EGRAG CRYPTO states that “A confirmed breakout could ignite the next macro expansion.” The chart marks a series of higher XRP price levels, beginning with $1.50 and $2.20. It then extends toward $5, $11.50, $24.50, $60, $135, and a final target of $300.
They are not presented as guaranteed outcomes. Instead, they represent the successive price areas highlighted on his chart if the structure resolves with the anticipated expansion.
If XRP clears the Diamond structure, the higher projected levels become increasingly relevant. The convergence of the 33 EMA and 50 SMA adds another technical element to monitor. The analyst told investors to focus on structure rather than noise as the market awaits a decision.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post Analyst to XRP Traders: Window for This Cycle’s Biggest Move Is Closing. What’s Next? appeared first on Times Tabloid.