Egrag Crypto has published a fresh technical evaluation of XRP, combining detailed chart analysis with notable words of caution.
His recent X post scrutinizes a traditional falling-wedge pattern, providing a straightforward guide: key confirmation levels, aspirational price targets, and the ongoing possibility of a sudden downturn.
Technical Picture Nearing Resolution
At the center of Egrag’s analysis is a falling-wedge pattern, long regarded by market technicians as a potential bullish reversal signal once the price breaks through the upper boundary. XRP is pressing against that resistance as of report time, trading at $2.98, just below the three-dollar mark.
Egrag highlights an initial breakout zone between $3.03 and $3.13, describing it as the first level that must be reclaimed to validate the wedge’s measured move.
#XRP – The Falling Wedge Measured Move (Update):
Before:
After: pic.twitter.com/KBkBzgIuwD— EGRAG CRYPTO (@egragcrypto) September 15, 2025
The Crucial Confirmation Level
Beyond this first hurdle, Egrag raised the bar with an explicit requirement: “We need a solid close above $3.33.” He stresses that only a daily or multi-day close at or above $3.33, supported by rising volume, would confirm a true breakout. Anything less, he warns, leaves the pattern vulnerable to failure and renders higher projections speculative.
A Clear Warning of a Major Throwback
Egrag cautions that traders should prepare for a significant retracement if XRP cannot meet that $3.33 close. His chart identifies an immediate defensive zone near $2.90, with deeper structural supports below. Without the decisive breakout, a swift retreat toward those levels remains a realistic possibility.
Targets for a Successful Breakout
Should confirmation arrive, the wedge formation yields two distinct price objectives. The primary measured move points toward the low-three-dollar range, roughly $3.04 to $3.13, reflecting the vertical height of the pattern.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Yet Egrag’s commentary goes further, outlining an extended target near $4.00 if momentum continues after the confirmed breakout. That higher goal depends entirely on a strong close above $3.33 and sustained buying pressure.
Market Context and Trading Implications
With XRP hovering close to the wedge’s apex, the next few trading sessions carry added weight. Egrag urges market participants to watch for a convincing multi-day close above $3.33 with robust volume before acting on either target.
A simple intraday spike, he explains, is not enough; without clear confirmation, the risk of a false breakout—and the major throwback he warns about—remains elevated.
In summary, Egrag Crypto’s latest update offers optimism and discipline. A breakout above $3.03 to $3.13, followed by the critical solid close above $3.33, would activate the falling-wedge measured move and open a path toward an extended advance to $4.00.
Until that confirmation is secured, however, the warning of a major throwback cannot be ignored. For traders and investors alike, patience, strict risk management, and careful attention to volume will determine whether this textbook setup fulfills its bullish promise or reverts to consolidation.
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 urged to do in-depth 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.
Follow us on Twitter, Facebook, Telegram, and Google News
