XRP Price in Holding Pattern Before Its Next Big Move

XRP's been stuck in a boring sideways dance below the $3 mark these days. After serving as decent support through most of August, that level got smashed on the 28th, and now we're watching XRP hang around the $2.8 zone like it's waiting for an invitation to move.

Don't mistake this sideways nonsense for weakness though. Looking at the charts, I'm seeing a springboard forming before XRP takes off again. This isn't a crash - it's just catching its breath.

Stuck in a Trading Range

After XRP teased us by retesting that $3 level in late August, it's fallen back into the same damn consolidation zone it's been trapped in since early 2025. That July spike to $3.65 was such a tease - it tried breaking free but got slapped back down into this boring range again.

According to Egrag Crypto (who's got quite the following in XRP circles), what we're seeing is classic pre-breakout behavior. His 2-week chart shows XRP bouncing right near the lower boundary of what he calls the "white zone."

This zone has been the battleground where XRP keeps trying to permanently conquer its 2018 high of $3.40. Despite some brief excursions above it, XRP hasn't managed to close decisively above this level on the big timeframes. But here's the thing - it's still holding above that lower trendline at $2.8, which keeps the bullish case alive.

Ridiculous Price Targets Ahead?

Egrag's chart plots out some targets that honestly seem a bit crazy to me - $7, $11, $18, and even $27 longer-term. These projections follow trendlines dating back to 2016, so they're not just plucked from thin air, but still...

The immediate challenge is obvious - XRP needs to smash through the upper boundary of this consolidation zone and close confidently above $3.5 on the 2-week chart. Egrag's analysis suggests this could happen around September 29th, but I've seen enough "imminent breakout" predictions to take that timeline with a mountain of salt.

Right now, XRP's trading at $2.83, up a measly 0.5% in the last day. Not exactly setting the world on fire, but these periods of calm often come right before the storm.

I'm watching this one closely. If it breaks down below $2.8, things could get ugly fast. But if it holds and builds momentum above $3, we might finally see if those ambitious double-digit targets have any merit or if they're just more crypto hopium.

Chart image source: EGRAG CRYPTO on X