Crypto analyst Egrag Crypto has shared a fresh outlook on XRP, applying a linear regression model on a logarithmic scale and what he calls a āBent Forkā zoomed-in view. His analysis breaks down both the short-term defenses and the long-term bullish framework for XRP.
š Key Levels in Focus
In his zoomed-in chart, Egrag highlights $3.65 as a decisive breakout point. A confirmed close above this levelāpaired with a move past the green arch boundaryācould trigger price discovery and open the door to significant upside.
For support, he identifies $2.90 as the midpoint of the log channel. Holding above this zone is critical to maintain XRPās bullish trajectory.
š”ļø Defense Lines and Risk Zones
Egrag outlines a series of defensive levels traders should watch:
$2.65 ā First line of defense (price wicks may dip here, but daily closes below would be a red flag).
$2.33 ā The ālast line of defense,ā aligned with the 21 EMA on the 2-week chart. Losing this level could derail chances of new all-time highs.
$1.90 ā Bear market threshold. A close below this would signal entry into bearish territory.
$1.62 ā Final confirmation of a bearish trend if price closes below the middle arch structure.
š Macro Cycles and Long-Term Outlook
Looking at the big picture, Egrag compares XRPās structure across cycles: 2013, 2018, and a projected peak in 2025. He argues the current setup mirrors past cycles, suggesting another major rally could be on the horizon.
The upper blue boundary of the regression channel lines up with the projected āwhite archāāhis long-term target zone. This alignment reinforces the bullish case if XRP can defend its higher support levels in the months ahead.
ā Bottom Line
Egragās framework paints a structured path for XRP:
Bullish confirmation above $3.65
Critical support at $2.90
Defensive strongholds at $2.65, $2.33, and $1.90
In short, the battle for XRPās next major move will be decided by whether it can hold these crucial levelsāor risk slipping back into bearish territory.