XRP has reached a pivotal stage in its long-term market structure, according to crypto analyst Egrag Crypto, who, in a tweet, expressed his belief that the digital asset is now undergoing wha
XRP has reached a pivotal stage in its long-term market structure, according to crypto analyst Egrag Crypto, who, in a tweet, expressed his belief that the digital asset is now undergoing what he describes as a macro breakout retest following a breakout from a multi-year symmetrical triangle.
The analyst maintains that this phase could determine whether XRP resumes its broader uptrend, with potential price targets of $6.40 in the medium term and $30 over the longer term if key technical conditions are met.
Egrag pointed to an article published by crypto media outlet CoinPaper, which outlined his latest technical outlook for XRP. The report explained that the analyst sees the current market structure as one of the most significant developments for XRP in years, provided the asset continues to defend important support levels and regain critical resistance zones.
According to the report, Egrag identified the $0.85 to $0.88 region as XRP’s most important support zone. He explained that this area combines several technical indicators, including the lower boundary of the former symmetrical triangle, the White Bridge support, the monthly 111 Exponential Moving Average (EMA), and the projected breakout retest. The convergence of these indicators makes the zone particularly significant from a technical standpoint.
The analyst noted that a temporary move below this range would not necessarily invalidate the bullish outlook. However, he indicated that sustained monthly closes beneath the support area would weaken XRP’s long-term structure and reduce the probability of a continued advance.
Beyond support, Egrag identified the monthly 21 EMA as the next major level that bulls need to reclaim. He believes XRP must recover $1.23 to $1.65 before the market can confirm that the recent correction has ended and bullish momentum has returned.
The report explained that Egrag’s outlook follows a clear technical progression. XRP would first need to maintain support above $0.85 to $0.88 before reclaiming $1.23 and breaking through $1.65. After that, the analyst expects the next major challenge to come within the $3.00 to $3.50 resistance area.
Successfully moving through those milestones, the report noted, could create the conditions for an advance toward $6.40. If XRP later establishes acceptance above its previous all-time highs, Egrag believes the broader chart structure could eventually support a long-term target of $30.
Alongside the technical outlook, the CoinPaper report highlighted several developments that could strengthen XRP’s overall market position. One factor is the apparent decline in whale selling activity, which has reduced a notable source of selling pressure compared to previous periods.
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The report also pointed to growing activity on the XRP Ledger, noting that AI agent transactions have surpassed 1.4 million. This increase reflects expanding use of the network for automated payment systems and machine-to-machine financial applications.
Institutional participation also featured in the report. It cited recent data indicating that clients using Franklin Templeton’s ETF products accumulated approximately $5.66 million worth of XRP, suggesting continued interest from larger investors despite ongoing market uncertainty.
While Egrag’s bullish targets remain dependent on XRP confirming each technical milestone, the report concluded that the combination of resilient support, improving on-chain activity, reduced whale selling, and continued institutional accumulation presents a constructive outlook. For now, the $0.85 to $0.88 support zone and the $1.23 to $1.65 resistance range remain the most important price levels to monitor as XRP attempts to validate its next major move.
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