In a post on X, cryptocurrency analyst Egrag Crypto released an update on the technical analysis for XRP, noting that the asset has reached a significant resistance level identified as the "Large Supply Zone."
The accompanying chart illustrates the breakout from a prolonged consolidation phase within a clearly defined range, bounded by the "Range Support" and "Range Resistance" zones. This breakout occurred after XRP held above the $2.08 mark, which Egrag had previously identified as a crucial support level.
This breakout signals a change in price structure, indicating that bullish momentum is increasing after several months of sideways volatility. The chart highlights key areas that have shaped the price trajectory of XRP in recent months, such as the Large Demand Zone between $1.60 and $2.08, the Range Support Zone just above this area, and the Range Resistance Zone marked in yellow, which has now been broken around $2.35.
XRP Support Formation and Continued Warning
According to the analyst, the main focus in the coming period will be to determine where new support levels will form. Egrag emphasizes that "the higher the support level, the better," highlighting the importance of maintaining the newly achieved price level above the previous resistance threshold. This would indicate market strength and the potential for continued growth.
The tweet warns that while there has been a breakout above the Heavy Supply Zone, it is important to remain cautious. Egrag notes that the possibility of a "throwback" - retesting the previous resistance to confirm it as support - may still occur in the coming days. This would be a natural technical step to determine whether the breakout is sustainable.
XRP Targets the Valhalla Stage
The most optimistic scenario described by Egrag is a continued bullish rally surpassing the "Heavy Supply Zone" marked in green, reaching a peak he calls the "Valhalla Stage." On the chart, this area lies above $3.30, a price range not seen since the major peaks of XRP. If the price continues to break through this resistance zone, it could indicate the beginning of a longer-term bullish phase for the asset.
The use of the term "Valhalla Stage" signifies the pinnacle of bullish sentiment, as the price breaks free from supply constraints and enters a price discovery phase. However, Egrag cautions that the journey into this stage depends on maintaining the current price level and further confirmation through price behavior at the beginning of next week.
At the time of the update, XRP is trading around $2.78, marking a significant increase for the day. This move has pushed the price above a long-standing resistance level that has kept XRP below critical levels since early 2025. Breaking through the $2.35 zone is considered an important step in shifting the medium-term trend from neutral to bullish.
A few subsequent trading sessions will play a key role in determining whether this bullish momentum can be sustained, with close monitoring of support levels and the possibility of retesting.