XRP has been taking a beating lately, down over 34% since August last year and still struggling in December. Right now it's hovering around $1.33, which honestly feels a lot lower than where people thought it'd be by now. But there's an interesting perspective from EGRAG Crypto that's worth considering if you're looking at the bigger picture.

EGRAG Crypto argues that despite all the short-term pain, the weekly chart structure actually still looks constructive. The key argument is that XRP has been consolidating between $2 and $3 throughout 2025, which EGRAG views as an accumulation phase rather than a peak. The critical support level to watch is around $2 - as long as price holds above that on weekly closes, the long-term trend supposedly stays intact.

What makes EGRAG Crypto's case interesting is the fractal he's been tracking. He points to a similar consolidation period from late 2023 to late 2024 when XRP ranged between $0.40 and $0.60 before eventually breaking out and rallying above $2. EGRAG believes we're seeing a repeat of that pattern right now, just at higher levels. If the fractal plays out similarly, he suggests potential targets around $7, $12, and $15 could be in play - though that would require gains of 239% to 628%.

That said, EGRAG himself acknowledges fractal analysis isn't foolproof. He notes that market cycles don't replicate exact patterns, liquidity conditions shift between cycles, and macro conditions can throw off timing. So while the setup might look bullish on paper, there's definitely risk here. The real question for traders is whether XRP can actually reclaim and hold that $2 support level to keep the longer-term thesis alive.