Egrag Crypto Releases XRP Weekly Structure Breakdown and Price Targets

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Crypto analyst EGRAG CRYPTO has presented a detailed weekly structure analysis of XRP, emphasizing that the asset remains confined within a white descending channel on the higher timeframe.

According to his assessment, the current price behavior reflects corrective momentum rather than impulsive strength. He maintains that as long as XRP continues trading inside this channel, the prevailing structure should be interpreted as distribution rather than a confirmed breakout.

The chart accompanying his commentary illustrates a well-defined downward-sloping channel, with price repeatedly respecting both upper and lower boundaries.

The structure suggests that any upward movements within the channel should be viewed cautiously unless specific resistance levels are reclaimed on a weekly closing basis. His analysis centers on clearly defined bullish flip levels and bearish continuation scenarios that could determine the next multi-month move.

Bullish Flip Levels and Invalidation Points

EGRAG identifies $1.55 as the first critical trigger level. A reclaim of this zone, particularly on a strong weekly close, would weaken what he describes as the “red trajectory,” referring to a projected bearish path drawn on his chart. However, he stresses that a more decisive level is at $2.20.

A weekly close above $2.20 would, in his setup, invalidate the descending structure entirely. He states that such a move would break the bearish thesis and activate bullish continuation. Above $2.20, he projects a pathway toward the $2.70 to $3.60 range, which he associates with the potential for a new all-time high. This level is described as the macro line in the sand separating expansion from continued correction.

He underscores that structure, not emotion, should guide interpretation, indicating that confirmation through price action is essential before adopting a bullish stance.

Bearish Scenario and Deeper Sweep Probabilities

On the downside, EGRAG outlines a scenario in which XRP faces rejection below $1.55. In that case, he anticipates a relief bounce followed by a lower high, leading to a gradual drift toward $1.26. Beyond that level, he highlights the possibility of a sweep into the $0.95 to $0.85 macro support zone.

Importantly, he characterizes such a move not as a collapse but as a controlled higher-timeframe reset. Nevertheless, he warns that a breakdown below $0.85 would significantly weaken the broader structure, even though he also labels $0.85 as a macro cycle bottom target.

In terms of probability, he assigns a 55–65% likelihood to a deeper sweep scenario, compared to a 35–45% chance of an early breakout reclaim. He concludes that the next decisive breakout, either upward or downward, will determine XRP’s direction for the coming months.

For now, EGRAG’s analysis places clear emphasis on the $1.55 and $2.20 thresholds above, and the $0.85 macro support below, as the defining boundaries for XRP’s next structural phase.

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