In a recent post on X, respected crypto chartist Egrag Crypto reaffirmed that XRP’s macro bullish structure remains firmly intact, with clearly defined upside targets. However, the next key step lies in micro confirmation: XRP needs a daily close above $3.12 to signal that the recent low is firmly in place. Until that happens, a pullback to $2.65 is still on the table.
Egrag emphasized that holding $2.65 as support within the current rigid formation could reignite momentum toward a new all-time high (ATH). But if XRP breaks below that level on the mid-time frame (MTF), the bullish setup could unravel. “Break it on MTF,” he warned, “and we are Fooked.”
Current Price Action: XRP at a Crossroads
As of report time, XRP is trading around $2.94, with intraday movement between $2.91 and $3.05. Despite recent bullish attempts, XRP has yet to post a confirmed daily close above $3.12, leaving the outlook at a critical juncture.
#XRP – Macro View with Micro close:
The macro view and formation is still intact and the potential targets are super clear.
Now the micro closure is needed above $3.12 on daily time frame to confirm the low was in. Other than that $2.65 is still in the cards. Holding it as… pic.twitter.com/N8K0cqggz5
— EGRAG CRYPTO (@egragcrypto) August 2, 2025
Following a strong rally from $2.23 in early July to a local high of $3.55 on July 22, XRP has pulled back and is now hovering just below the key micro-confirmation level. This makes the $3.12 threshold the immediate technical battleground, while $2.65 remains the critical downside marker.
Structural Outlook: Macro Strength, Micro Uncertainty
According to Egrag’s analysis, XRP continues to form a macro bullish pattern, possibly a symmetrical triangle or a rising wedge, stretching back several months. The upper breakout level lies in the $3.12–$3.20 range, and a daily close above this zone would confirm that the recent dip was a higher low, setting the stage for another leg upward.
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If XRP achieves that breakout, it could quickly revisit the $3.60–$3.65 region, with a real possibility of pushing into new ATH territory. However, should the price falter and fall below $2.65 on the mid-time frame, the bullish thesis would be invalidated, opening the door to deeper consolidation or correction.
What’s Next for XRP?
The next few daily closes are critical. A confirmed close above $3.12 would validate Egrag’s bullish outlook and signal that the market is ready to advance toward new highs. Until then, traders and investors should monitor $2.65 closely. This level now serves as the line in the sand for maintaining macro integrity.
Egrag’s message to the XRP community is both technical and motivational:
“XRPFamily, stay steady and strong. Together we rise, and soon we shall fly so high.”
For now, the structure holds. But as always in crypto, confirmation is everything.
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.
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