EGRAG CRYPTO Says XRP Retest Could Put $6.40 and $30 Targets in Focus
Key Takeaways
- •EGRAG CRYPTO identified the $0.85–$0.88 range as XRP’s most important support area in the current setup.
- •A decisive move back through $1.23–$1.65 would signal that bullish momentum may be returning, according to the analyst.
- •The analyst’s roadmap points to $6.40 as a potential initial target if XRP clears key technical levels.
- •A longer-term move toward $30 is presented as conditional on XRP maintaining its broader technical structure and surpassing prior highs.
- •The report cited reduced whale selling, more than 1.4 million XRPL AI agent transactions, and about $5.66 million in XRP purchases by Franklin Templeton ETF clients.
Market analyst EGRAG CRYPTO says XRP has reached a pivotal technical stage after breaking out of a multi-year symmetrical triangle and moving into what he describes as a macro breakout retest. In technical analysis, such retests are closely watched because they can show whether a former resistance structure is beginning to act as support. In his view, that retest could help determine whether the asset resumes its longer-term bull cycle.
EGRAG’s analysis was referenced alongside an X post at https://x.com/egragcrypto/status/2080187887815979418. XRP was trading at $1.10, according to CoinCodex, at the time cited in the report. The analyst said XRP must defend important support and reclaim key resistance levels before the token can make a sustained move toward $6.40, with a longer-term measured target of $30 if the broader structure remains intact.
The most important support area, according to EGRAG CRYPTO, is between $0.85 and $0.88. He identified the zone as a high-confluence technical area because it aligns with the lower boundary of the former symmetrical triangle, the White Bridge support, the monthly 111 Exponential Moving Average (EMA), and the projected breakout retest.
EGRAG CRYPTO said a short-lived move below that range would not necessarily invalidate the bullish setup. However, he said sustained monthly closes below the area would materially weaken XRP’s long-term technical outlook.
The analyst also pointed to the monthly 21 EMA as the next major confirmation level. A decisive reclaim of the $1.23 to $1.65 range, he said, would indicate that the recent correction has likely ended and that bullish momentum is returning.
Key Levels in EGRAG CRYPTO’s XRP Roadmap
EGRAG’s roadmap centers on a sequence of technical milestones: XRP must defend the $0.85–$0.88 support zone, reclaim $1.23, move above $1.65, and then challenge the $3.00–$3.50 resistance area.
If those levels are cleared, EGRAG said the setup could allow an initial advance toward $6.40. He added that sustained acceptance above XRP’s previous all-time highs would strengthen the case for a longer-term move toward $30. These targets are conditional chart levels in the analyst’s framework, not guaranteed outcomes.
The report also cited improving market-related conditions around XRP. Whale selling has largely faded, reducing one source of downside pressure, while the XRP Ledger (XRPL) has surpassed 1.4 million AI agent transactions. The milestone was presented as evidence of growing use in automated payments and machine-to-machine finance, an area where blockchain networks are being tested for automated settlement and programmatic transfers.
Institutional activity was also cited as part of the broader backdrop. Recent reports said clients of Franklin Templeton’s ETF products acquired roughly $5.66 million worth of XRP, indicating continued accumulation by larger investors despite wider market uncertainty.
EGRAG’s stated targets depend on XRP validating each technical step in the roadmap. For now, the $0.85–$0.88 support area and the $1.23–$1.65 resistance band remain the central levels in his analysis for determining whether XRP can extend its next major move.