I just reviewed something interesting about XRP that several analysts are debating right now. It turns out that the technical formation many saw as an ascending triangle could be completely different depending on how you interpret it.

Egrag Crypto (@egragcrypto), a widely followed analyst in the community, proposed a perspective that changed my view of this consolidation. Basically, if you flip the chart, what appeared to be a bearish ascending triangle transforms into a bullish descending triangle. It's one of those technical details that can completely reshape the scenario.

XRP continues to compress within converging lines, still below the 100-period moving average. Volatility has calmed down quite a bit, and the price is currently around $1.38, maintaining resistance at the $1.8 zone. Every time it hits that level and bounces, it reinforces its importance. The interesting part is that it recently touched the 222-week moving average, which aligned with patterns from the previous cycle.

The descending wedge formed after that 500% move at the end of 2024 and early 2025 typically indicates accumulation and a possible breakout. But here’s the key point: this is a decision zone, not a confirmed trend yet. XRP has not yet defined its next major move.

According to Egrag Crypto’s analysis, if there’s a clear breakout above $1.8, things could accelerate. He estimates a 40-45% probability for that scenario. If confirmed, we could see a move toward $3.2 first, and then potentially toward $11.5 if the wedge structure extends fully. That would require XRP to hold resistance and recover the 100-day moving average to confirm momentum.

But of course, there’s the opposite scenario. Egrag Crypto assigns a 35-40% chance to a drop toward $0.90 before any breakout. That level could be a liquidity sweep that precedes a reversal, and it coincides with previous consolidation zones plus the 222-week moving average.

The reality is that as long as XRP stays within the boundaries of this wedge, the pattern remains valid. We are at a point where any movement will expand the current price range. The truth is, the market has not decided yet, but when it does, it will probably be important to stay alert.