- EGRAG says XRP is nearing the final stage of a multi-year ascending triangle pattern.
- XRP must break above the $2.00 to $2.10 resistance zone for bullish targets to activate.
- The analyst identified $13 as a primary target while keeping $0.85 as key support.
Crypto analyst EGRAG Crypto has identified the $2.00 to $2.10 range as XRP’s most important resistance zone, stating that a breakout above this level could trigger a major expansion phase. According to the analyst, XRP is approaching a critical stage within a long-term chart pattern that has been developing for several years.
In a recent post on X, EGRAG shared a two-month XRP chart showing a large ascending triangle combined with an A-B-C-D-E structure. The analyst noted that points A, B, C, and D have already formed, leaving the market focused on the final “E” phase. He believes this stage could represent the last major consolidation period before a larger directional move unfolds.
According to EGRAG, XRP has historically established macro bottoms within a cycle lasting around 425 days. That pattern corresponds to seven candles on the two-month timeframe. Consequently, the current market structure suggests XRP may be entering another important bottoming window.
Despite the bullish outlook, EGRAG emphasized that none of the projected targets will become active until several key conditions are met. For now, he believes the market remains in a confirmation phase.
XRP Faces Critical Test at $2 Resistance
The analyst explained that XRP must first maintain its rising macro support trendline, which has defined the ascending triangle structure. Additionally, the asset needs to reclaim the 7-week moving average and the 11-period exponential moving average before momentum can strengthen.
However, EGRAG identified the $2.00-$2.10 range as the most significant hurdle. He described this zone as the breakout gate that could determine XRP’s next long-term trend. A decisive move above that level would strengthen the bullish case and validate the broader chart structure.
Meanwhile, several support levels remain important while XRP trades below resistance. The chart highlights $1.26 and $1.12 as notable support zones. Moreover, the analyst identified $0.85 as a deeper support area if market conditions weaken further.
Fibonacci Targets Point to Major Expansion
According to EGRAG, a confirmed breakout above resistance could activate several Fibonacci extension targets. The first target zone ranges from $9.50 to $17.23, with $13 standing out as the primary objective within that range.
The chart also outlines a higher extension target near $26.30, while EGRAG included a $100 projection that he described as an extreme cycle scenario rather than a base-case expectation.
EGRAG’s latest analysis places XRP near a crucial technical threshold. While the analyst sees substantial long-term upside potential, the market must first overcome the $2.00 to $2.10 resistance zone before a major expansion phase can be confirmed.
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