I have been following the analysis of one of the best chartists in the crypto space, egrag, and he has a very interesting perspective on XRP that deserves attention.

Basically, people are very focused on daily news and short-term volatility, but egrag argues that this is exactly what you should not do. According to him, what really matters is the long-term price structure.

Looking at the technical roadmap he mapped out, there are some very critical levels to watch. First, there's the issue of confirming a breakout above the $1.40 region – and here’s the interesting detail, because XRP is already trading around $1.44 now, so it has technically already passed this level. Then comes the invalidation of the downtrend, which would occur above $2.20. And if all this is confirmed, the cycle could point to a much more ambitious target, around $27.

The point that egrag raises is that most traders get caught up in short-term noise and lose sight of the bigger picture. If you can ignore the daily headlines and focus on the structure, you can see that a relevant technical setup is forming. It’s worth monitoring how XRP behaves at these key levels in the coming periods.