XRP Price At A Critical Turning Point: Analyst Maps Out Simple Rules For Breakout
The monthly XRP chart has entered one among its most decisive phases in years, and one of many asset’s most vocal analysts is laying out a blunt roadmap. Egrag Crypto, identified for his long-standing bullish stance on XRP, launched a brand new technical replace that breaks down the future outlook for the cryptocurrency into three simple outcomes.
The chart accompanying his evaluation reveals XRP buying and selling across the $2.20 area, sitting simply above an vital Fib help stage however nonetheless wrestling with momentum, with the month-to-month candle about to shut.
XRP Must Close Above $2.60 To Keep Bullish Momentum Intact
Egrag’s first decisive level is at $2.60, which matches with the 0.5 Fibonacci retracement stage on the month-to-month chart. The analyst described a detailed above this area as bullish however the asset wouldn’t but be absolutely away from hazard. The chart reveals XRP repeatedly testing this worth stage within the first half of the yr earlier than breaking above it in July. However, the latest breakdown in Q2 2025 has now put the price level in focus again.
The evaluation turns into extra aggressive as soon as worth motion breaks above $3.40. EGRAG recognized this because the 0.888 Fibonacci stage, one of many closing retracement zones.
According to him, a detailed above this stage confirms a super-bullish macro breakout, which he summarized with the phrase “we’re so again.” The chart reinforces this concept by displaying a decent compression beneath this higher 0.888 Fib cluster, and {that a} decisive breakout may result in a speedy transfer into new all-time high costs if there’s sufficient shopping for strain.
XRP Price Chart. Source: @egragcrypto On X
A Close Below 21 EMA Would Break Bullish Structure
The draw back situation in Egrag’s breakdown is equally simple. He warned {that a} shut beneath the 21-month EMA would imply a extreme failure of the bullish development construction. His wording was deliberately harsh, noting that such a breakdown would imply “we’re f**ked, no sugar-coating it.”
The chart reveals the 21 EMA at present sitting across the $1.83-$1.90 worth zone, forming the ultimate main help on the month-to-month timeframe. Losing this stage would drag XRP again right into a deeper corrective zone and at last undo many of the worth development made this yr.
A significant development confirmed up in the direction of the top of the week that aligns with the bullish continuation Egrag outlined. 21Shares confirmed that its US Spot XRP ETF, which is listed beneath the ticker TOXR, has acquired SEC approval and can formally launch on Monday.
The upcoming launch provides a perspective that institutional participation in XRP is only beginning. If inflows comply with the early power seen from different issuers, the ETFs may reinforce the bullish case Egrag mapped on the chart, particularly if the XRP worth is ready to cross above $2.60 in December.
Featured picture from Pixabay, chart from TradingView