A renowned market technician and long-time XRP permabull has identified what he considers the final “go-go” signal that could lead to a price explosion.
This analysis comes from EGRAG Crypto, a well-known market commentator in the community. His latest review arrives as XRP remains in a bearish zone amid broader market uncertainty. The asset has once again fallen below the $2.20 level and is currently trading at $2.16.
Despite this downward trend, EGRAG remains optimistic. In his analysis, he confirmed that XRP still holds a strong position and identified what needs to happen for the asset to break out bullishly.
XRP Slides into a Mega Falling Wedge
The analyst noted that on the 4-hour chart, XRP has entered what he calls a “mega falling wedge.” Specifically, this pattern has been forming since the surge in November 2024, when XRP rapidly reclaimed the psychological levels of $1, $2, and $3 over the course of three consecutive months.
However, after reaching a 7-year high of $3.40 in mid-January 2025, XRP began a correction and swiftly fell back below $3. As the asset recorded lower highs during the following consolidation, the falling wedge pattern began to take shape.
Since then, XRP has remained trapped within this wedge, unable to gain enough momentum for a breakout. It has made several attempts to escape the pattern, but each time it faced resistance at the upper trendline.
For example, the March rally to $3.02 met with resistance at the trendline, leading to another pullback into the wedge. Another attempt came last month, when XRP surged to $2.65. While the asset did manage to briefly break out, the move lacked strength. As a result, repeated retesting of the trendline led to another drop back into the wedge.
EGRAG Identifies Five Price Targets, Including His “Go-Go” Signal
Now that XRP is trading below $2.20 and inside the wedge, EGRAG pointed out five price levels that must be surpassed to flip the trend bullish, with one of them marked as his “go-go” signal.
🔹 The first target is $2.30, a level XRP has not reached since May 29.
🔹 The second is $2.35, which EGRAG considers a critical threshold for continuing the bullish structure.
🔹 The third level is $2.36, which, if reclaimed, could finally signal a breakout from the mega falling wedge pattern.
🔹 The fourth target is $2.45, representing a two-week high.
🔹 Most importantly, the fifth level is $2.65, which the analyst labeled as the “go-go breakout signal.” According to EGRAG, if XRP manages to reach and hold above this level – which it hasn’t seen in nearly a month – it would confirm a decisive breakout from the current bearish trend.
Long-Term Target: $27 Still in Sight
Although EGRAG did not present a specific price target in this latest analysis, he has in the past forecasted significantly higher values. Most notably, his long-term price goal of $27 remains unchanged. He believes that XRP has the potential to hit this target during the ongoing bull cycle.
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