What to know:
- EGRAG says XRP completed a projected diamond support retest, validating long-term technical structure.
- The monthly chart highlights recurring consolidation cycles and potential breakout above descending resistance.
- He noted that the long-term roadmap remains intact while the future direction depends on holding critical support.
Crypto analyst EGRAG Crypto has reaffirmed his long-term XRP outlook, saying the recent price decline confirmed a diamond pattern he identified weeks earlier. According to EGRAG Crypto, the latest monthly chart reflects the same projection he shared on May 1.
At the time, he published an inverted two-week timeframe chart with an arrow pointing toward the lower edge of the diamond structure. He argued that XRP still had “unfinished business” at that level before any larger trend could begin.
EGRAG Says XRP Completed Expected Move Within Diamond Pattern
The updated monthly chart spans more than a decade of XRP price history. It also highlights a long-term descending channel that has shaped several major market cycles. According to EGRAG, previous cycles followed a similar sequence of consolidation, breakout, correction, and renewed accumulation.
Moreover, the chart includes several yellow consolidation ranges that resemble earlier market phases. The analyst believes the current cycle mirrors those historical formations. As a result, he views the latest pullback as another structural phase instead of a change in the long-term trend.
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EGRAG also stressed that the diamond pattern remains the chart’s most important feature. He explained that the lower boundary represented a technical destination before XRP could attempt a broader move. The latest price reaction occurred within that projected zone, which he considers confirmation of the original analysis.
Long-Term Price Targets Depend on Key Resistance Break
Besides highlighting the completed move, EGRAG shared several long-term projection levels extending into future market cycles. The chart outlines potential upside targets beginning around $5 and gradually rising beyond $100. However, those levels remain technical projections based on the chart structure rather than guaranteed price outcomes.
Additionally, the chart shows XRP trading inside the broader descending channel. According to the analyst, a sustained move above the upper boundary would strengthen the bullish outlook. However, a decisive break below the diamond support could invalidate the setup and extend the current consolidation period.
Analyst Says Roadmap Remains Intact
In his latest X post, EGRAG reiterated that the broader outlook has not changed despite the recent decline. According to the analyst, the diamond continued giving the signal, while the arrow published in May accurately identified the zone where XRP eventually reacted.
He also stated that “the chart speaks before the crowd understands,” adding that the latest market movement reflected chart structure rather than changing market sentiment. In his view, the market has now confirmed the roadmap outlined months earlier, keeping attention on XRP’s ability to hold support before attempting a move toward the upper boundary of the long-term formation.
EGRAG Crypto has remained firm on the long-term diamond setup despite XRP’s recent weakness. His latest chart update suggests the projected move to the lower boundary has now been completed, leaving the next phase dependent on whether XRP can defend support and eventually break above the long-standing resistance structure.
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