The monthly XRP chart has entered one in every of 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 easy outcomes.
The chart accompanying his evaluation exhibits XRP buying and selling across the $2.20 area, sitting simply above an vital Fib assist stage however nonetheless wrestling with momentum, with the month-to-month candle about to shut.
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XRP Should Shut Above $2.60 To Hold 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 an in depth above this area as bullish however the asset wouldn’t but be absolutely away from hazard. The chart exhibits XRP repeatedly testing this worth stage within the first half of the 12 months earlier than breaking above it in July. Nonetheless, 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 remaining retracement zones.
In response to him, an in depth 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 good compression beneath this higher 0.888 Fib cluster, and {that a} decisive breakout may result in a speedy transfer into new all-time excessive costs if there’s sufficient shopping for stress.
XRP Price Chart. Source: @egragcrypto On X
A Shut Under 21 EMA Would Break Bullish Construction
The draw back situation in Egrag’s breakdown is equally easy. He warned {that a} shut under the 21-month EMA would imply a extreme failure of the bullish pattern construction. His wording was deliberately harsh, noting that such a breakdown would imply “we’re f**ked, no sugar-coating it.”
The chart exhibits the 21 EMA at the moment sitting across the $1.83-$1.90 worth zone, forming the ultimate main assist on the month-to-month timeframe. Dropping this stage would drag XRP again right into a deeper corrective zone and eventually undo a lot of the worth development made this 12 months.
A significant development confirmed up in direction of the tip of the week that aligns with the bullish continuation Egrag outlined. 21Shares confirmed that its US Spot XRP ETF, which is listed underneath the ticker TOXR, has obtained SEC approval and can formally launch on Monday.
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The upcoming launch provides a perspective that institutional participation in XRP is only beginning. If inflows observe the early energy 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
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