XRP is approaching a critical technical level as its price trades near $1.45 within an increasingly compressed weekly structure. Market analyst EGRAG Crypto says XRP needs to close a full weekly candle above $1.65 to establish stronger evidence of a bullish breakout.

A brief move above $1.65 would not necessarily confirm a breakout if sellers push the price back below the level before the weekly session ends. By contrast, sustained trading above $1.65 would indicate stronger buying pressure and improve XRP’s broader technical setup. For traders following the weekly chart, the distinction matters because a close, rather than an intraday spike, is the signal being used to judge whether momentum is shifting.

The analysis examines XRP against USDT on Binance using a weekly chart to assess the cryptocurrency’s longer-term price direction. The setup includes the 50-week exponential moving average and the 333-week exponential moving average as key technical indicators.

XRP Trading Between Two Major Moving Averages

The 50-week EMA is trending lower, signaling weaker medium-term momentum in XRP’s price structure. At the same time, the 333-week EMA continues to rise and represents an important long-term support reference.

XRP is currently positioned between the two moving averages, creating a narrowing range for price movement. A decisive move out of this compressed structure could therefore determine whether buyers or sellers gain greater control over the next major phase of the market. That compression also helps explain why the $1.65 area is drawing attention: it sits near the boundary where the current weekly setup either strengthens or remains capped.

For a stronger bullish confirmation, XRP would need to reclaim the declining 50-week EMA and move decisively above $1.65. Rising weekly trading volume would further strengthen the signal by indicating broader participation from buyers.

If XRP is rejected again near $1.65, however, EGRAG Crypto’s projected downside path would remain in play. His chart indicates that XRP could move toward the rising 333-week EMA before potentially forming another bottom or higher low.

XRP Support Levels at $1.05, $0.95 and $0.85

EGRAG identifies $1.05, $0.95 and $0.85 as significant levels within a potential broader bottoming area for XRP. The levels represent a wider support zone rather than separate points that would necessarily trigger a reversal.

A move toward $1.05 would provide an initial test of buyer demand if the proposed correction develops. The rising 333-week EMA could also offer additional support should XRP enter this broader accumulation region.

If buyers fail to defend $1.05, attention could shift toward the lower levels at $0.95 and $0.85. Weekly closes that remain below $0.85 would weaken the proposed bottoming structure and could increase the risk of further downside.

Under EGRAG’s projected scenario, XRP could first approach $1.65 and face resistance before retreating toward the 333-week EMA. Buyers could then potentially establish another bottom and gradually move the cryptocurrency toward higher resistance levels.

XRP’s $1.65 Breakout Could Change the Technical Outlook

A confirmed weekly close above $1.65 would challenge the projected correction and provide support for an earlier bullish move. Traders could subsequently monitor whether XRP can turn $1.65 from resistance into support during a later retest.

The broader technical roadmap also identifies $8.30 as a potential long-term objective. From a price of $1.45, reaching $8.30 would require XRP to rise by more than 470 percent.

That level remains a projected target, as XRP would need to overcome multiple technical barriers before such a move could be validated. A sequence of higher weekly highs, stronger trading volume and successfully defended support levels would provide additional evidence for the proposed long-term advance.

XRP’s reaction around $1.65 is therefore a key factor in determining whether the cryptocurrency confirms a breakout or follows EGRAG Crypto’s projected pullback. A rejection could expose the 333-week EMA and the broader support region between $1.05 and $0.85. Conversely, a strong weekly close above $1.65 would strengthen the bullish technical structure and reduce expectations of another deeper correction.

Writer: Barland Vex Crypto Market Analyst & Onchain Writer. Barland Vex covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends. He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.

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