Key Takeaways:
- EGRAG Crypto identifies XRP’s macro reset, highlighting $0.85 support as the foundation preserving its long-term bullish structure toward higher targets.
- The analyst expects reclaiming the monthly 21 EMA and clearing $1.23-$1.65 to strengthen bullish momentum before challenging $3.00-$3.50 resistance.
- Measured move projections place XRP at $6.40 before a conditional long-term objective near $30 if previous highs become confirmed support.
Crypto analyst EGRAG Crypto has identified what he calls XRP’s macro reset, arguing that the cryptocurrency remains positioned for a potential move toward $30 if key technical levels hold. According to EGRAG Crypto’s latest analysis on X, XRP is retesting a multi-year breakout while preserving a bullish macro structure despite its recent pullback.
According to the analyst, XRP previously broke above a symmetrical triangle that had confined its price action for several years. Rather than signaling a failed breakout, the current decline represents a technical retest of that structure, a pattern often seen before a broader market expansion.
EGRAG identified the $0.85 to $0.88 range as the most important support zone on the monthly chart. This area combines the triangle’s lower boundary, the White Bridge trendline, the monthly 111 Exponential Moving Average, and the projected breakout retest.
Moreover, the analyst explained that a temporary wick below this region would not automatically invalidate the bullish structure. However, repeated monthly closes beneath the support zone would significantly weaken the long-term outlook and undermine the breakout thesis.
Key Technical Levels Could Unlock XRP’s Next Expansion
According to EGRAG Crypto, the White Bridge has repeatedly acted as an important macro support level throughout XRP’s trading history. Previous market cycles produced brief moves below the trendline before buyers regained control and restored the broader uptrend.
Additionally, the monthly 111 EMA reinforces the same support area, which EGRAG believes could establish the correction’s bottom if XRP maintains support above it. Meanwhile, the monthly 21 EMA remains the primary momentum indicator, with EGRAG noting that reclaiming it, particularly between $1.23 and $1.65, would indicate bearish pressure is fading while bullish momentum returns.
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Furthermore, EGRAG outlined a step-by-step roadmap for XRP’s next major move, expecting the asset to defend the $0.85 to $0.88 support zone before reclaiming $1.23 and breaking above $1.65.
Measured Move Sets $6.40 Before $30 Projection
According to EGRAG, XRP would then need to overcome resistance between $3.00 and $3.50, as establishing acceptance above that range would confirm the broader breakout and strengthen the long-term bullish structure.
The analyst projected approximately $6.40 as the first measured-move target following confirmation of the breakout, describing it as the initial expansion objective within the current macro setup.
EGRAG also outlined a longer-term projection of $30, although he emphasized that the target depends on XRP establishing sustained acceptance above its previous highs before the full macro measured move becomes technically valid.
Conclusion
EGRAG Crypto’s analysis suggests XRP’s long-term bullish structure remains intact while the asset holds above the $0.85 to $0.88 support zone. A recovery above the monthly 21 EMA, followed by breaks above $1.23, $1.65, and $3.00 to $3.50, would strengthen the technical case for the projected $6.40 and $30 measured-move targets.
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