of Monthly XRP Chart is entering its most decisive phase in years, with one of the asset’s most vocal analysts offering a frank roadmap. Egrag Crypto, known for its long-standing bullish stance on XRP, has released a new technical update that resolves the issue. Future outlook for virtual currencies It breaks down into three simple results.
The charts accompanying his analysis show XRP trading around $2.20, just above the key Fib support level, but still struggling with momentum as the monthly candlestick draws to a close.
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XRP needs to close above $2.60 to maintain bullish momentum
Mr. Eglag first decision level is $2.60, which coincides with the 0.5 Fibonacci retracement level on the monthly chart. Analysts said that while a close above the region is bullish, the asset is not yet completely out of danger. This chart shows that XRP repeatedly tested this price level in the first half of this year and broke through this price level in July. However, the latest breakdown for Q2 2025 is currently; Refocus on price levels.
The analysis becomes more positive when price action moves above $3.40. EGRAG identified this as the 0.888 Fibonacci level, one of the final retracement zones.
According to him, a closing price above this level Super bullish macro breakout, He summed it up with the words, “We’re so back.” This chart reinforces this idea by showing that there is severe compression below this upper 0.888 Fib cluster and that with enough buying pressure, a decisive breakout could lead to a rapid rally to new all-time highs.
XRP price chart. Source: @egragcrypto on X
A close below the EMA 21 could break the bullish structure.
The downside scenario for Egrag’s breakdown is similarly simple. He warned that a close below the 21-month EMA would mean a serious rupture in the bullish trend structure. His language was deliberately harsh, pointing out that such a breakdown means “we’re messed up and we’re not coming to the surface.”
The chart shows that the 21EMA is currently located near the $1.83 to $1.90 price range, forming the last major support on the monthly time frame. Losing this level will pull XRP back into a deeper correction zone, ultimately undoing most of the price gains made this year.
important development It rose towards the end of the week, consistent with the bullish continuation outlined by Eglag. 21 stocks confirmed that The company’s U.S. Spot XRP ETF, listed under the ticker TOXR, has received SEC approval and is scheduled to officially launch on Monday.
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Future releases will add the following perspectives: Institutional participation in XRP is just beginning. If inflows follow the early strength seen with other issuers, the ETF could strengthen the bullish case Egrag mapped on the chart, especially if XRP price can move above $2.60 in December.
Featured image from Pixabay, chart from TradingView
