XRP has moved from $1 to around $1.60 since Egrag Crypto (@egragcrypto) spotted a bullish divergence. His latest chart shows the asset recovering from the divergence zone while the RSI holds a pattern of higher lows.
The analyst suggests that the bullish divergence will precede a momentum shift and then a price expansion. The latest price action now gives that sequence greater weight as XRP approaches its next major resistance levels. The chart places XRP near $1.34, with the immediate technical focus shifting toward $1.58 to $1.60.
The Next Test for XRP
The $1.58 to $1.60 region represents the next important resistance area on the chart. XRP needs to move through this zone to continue the recovery that began near $1. EGRAG CRYPTO’s analysis places $1.96 above this resistance as the next major level. A move above $1.96 would strengthen his Wave 3 thesis.
The Elliott Wave structure on the chart labels the recent low as Wave 2. The projected path then shows Wave 3 advancing toward substantially higher levels.
#XRP – Bullish Divergence Is Playing Out 👀:
A few days ago, the chart was showing the setup:
▫️ Price was grinding lower
▫️ RSI was building higher lows
▫️ Sellers were losing momentum underneath⚡️That was the early signal.
Now #XRP has reacted from the divergence zone and… https://t.co/OdnHBawNXc pic.twitter.com/vDnZ2lzzcK— EGRAG CRYPTO (@egragcrypto) August 21, 2026
Important Levels to Watch
The $3 to $3.60 area represents another key milestone. The chart places this region around the previous Wave 1 high. A move above $3.60 would mark a significant development in the structure the analyst has outlined, and place XRP just below its all-time high of $3.65.
His chart also displays higher Fibonacci extension levels at $6.42, $13.38, $22.55, $29.63, and $43.83. These targets form part of the larger Elliott Wave projection. The analyst also referenced a potential 20x macro thesis once XRP moves above $3.60. That makes the area especially important within his long-term outlook.
RSI Leads While Price Follows
The RSI remains central to the current setup. EGRAG CRYPTO highlighted that “RSI gave the signal first,” while XRP has since advanced from the divergence zone. The next stages now depend on price progression through the levels shown on the chart.
A move toward $1.58 to $1.60 would bring the first major test. A break above $1.96 would strengthen the Wave 3 structure. XRP clearing $3 to $3.60 would open the path toward the higher Fibonacci targets displayed on the chart.
The sequence has already begun with the bullish divergence, the momentum shift and the price surge. XRP’s response around the next resistance levels will determine how the projected Wave 3 structure develops.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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