XRP continues to trade within a critical technical structure that could determine its next major move.
According to crypto analyst EGRAG CRYPTO (@egragcrypto), the token remains within a falling wedge pattern on the weekly chart, while a key moving average setup that could send it to $8-$10 in the background.
In a recent post on X, EGRAG CRYPTO stated that the “Falling Wedge Still In Play,” adding that XRP’s current price action continues to respect the projected path shown on his chart. The analysis places particular focus on the interaction between long-term support levels, moving averages, and a major resistance zone at $1.65.
#XRP – Falling Wedge Still In Play ⏯️:
The weekly structure is getting very interesting.
1️⃣ Falling Wedge Formation:
▫️#XRP is still moving inside the falling wedge structure.
▫️The compression is clear, and the chart is still respecting the projected path.2️⃣ 50 EMA + 222 W… pic.twitter.com/D0efHRnG2E
— EGRAG CRYPTO (@egragcrypto) June 24, 2026
Falling Wedge Compression Continues
The chart shows XRP trading within a falling wedge that formed after the asset reached its all-time high of $3.65 in July 2025. Since then, the asset has produced a series of lower highs while holding within a narrowing range.
EGRAG CRYPTO noted that “the compression is clear,” suggesting that the structure remains intact despite recent weakness. The wedge currently converges toward a support region between roughly $0.91 and $1.10. XRP recently tested this area and continues to trade near the pattern’s lower boundary.
The analyst’s projected path shows additional movement within the wedge before a larger breakout attempt develops. As long as XRP remains inside the structure and holds key support, the pattern remains valid.
Moving Average Setup Mirrors Previous Cycle
Another major feature on the chart is the relationship between the 50-week exponential moving average and the 222-week moving average. The blue 50 EMA currently sits above the green 222-week MA.
The analyst believes this setup deserves close attention because a similar moving-average behavior appeared during the previous market cycle. During the last cycle, the signal showed that the asset had bottomed out and eventually led to an uptrend.
His current projection supports a similar development while keeping the broader structure intact.
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Why $1.65 Remains the Key Level
The most important resistance level on the chart is $1.65. A highlighted circle marks the area where XRP previously failed to sustain a breakout attempt. According to the analyst, “a weekly close above $1.65” would confirm that XRP has exited the falling wedge and entered a new expansion phase.
Such a move would also place the price back above the descending resistance line that has capped rallies for months. The chart’s longer-term projection then follows a rising red trend path. That route ultimately extends toward the analyst’s target zone near $8.30, with the possibility of reaching the broader $8 to $10 range discussed in his post.
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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