XRP Price At A Critical Turning Point: Analyst | Crypto News
The month-to-month XRP chart has entered one of its most decisive phases in years, and one of the asset’s most vocal analysts is laying out a blunt roadmap. Egrag Crypto, identified for his long-standing bullish stance on XRP, launched a new technical update that breaks down the future outlook for the cryptocurrency into three easy outcomes.
The chart accompanying his analysis exhibits XRP trading around the $2.20 area, sitting just above an important Fib assist degree but still wrestling with momentum, with the month-to-month candle about to close.
XRP Must Close Above $2.60 To Keep Bullish Momentum Intact
Egrag’s first decisive degree is at $2.60, which matches with the 0.5 Fibonacci retracement degree on the month-to-month chart. The analyst described a close above this area as bullish but the asset wouldn’t yet be absolutely clear of hazard. The chart exhibits XRP repeatedly testing this price degree in the first half of the 12 months before breaking above it in July. However, the most current breakdown in Q2 2025 has now put the price degree in focus again.
The analysis turns into more aggressive once price motion breaks above $3.40. EGRAG recognized this as the 0.888 Fibonacci degree, one of the ultimate retracement zones.
According to him, a close above this degree confirms a super-bullish macro breakout, which he summarized with the phrase “we are so back.” The chart reinforces this thought by displaying a tight compression beneath this higher 0.888 Fib cluster, and that a decisive breakout could lead on to a fast transfer into new all-time high costs if there’s enough shopping for strain.
XRP Price Chart. Source: @egragcrypto On X
A Close Below 21 EMA Would Break Bullish Structure
The draw back state of affairs in Egrag’s breakdown is equally easy. He warned that a close below 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 are f**ked, no sugar-coating it.”
The chart exhibits the 21 EMA presently sitting around the $1.83-$1.90 price zone, forming the ultimate major assist on the month-to-month timeframe. Losing this degree would drag XRP back into a deeper corrective zone and finally undo most of the price development made this 12 months.
A important development confirmed up in the direction of the end of the week that aligns with the bullish continuation Egrag outlined. 21Shares confirmed that its US Spot XRP ETF, which is listed under the ticker TOXR, has acquired SEC approval and will formally launch on Monday.
The upcoming launch provides a perspective that institutional participation in XRP is only starting. If inflows observe the early strength seen from other issuers, the ETFs might reinforce the bullish case Egrag mapped on the chart, particularly if the XRP price is in a position to cross above $2.60 in December.
Featured image from Pixabay, chart from TradingView
Stay up to date with the latest trending crypto news! Visit our web site daily for the freshest Crypto news and content, rigorously curated to keep you informed.
