XRP could be approaching an important stage in its long-term market structure, according to crypto analyst Egrag Crypto.
In a new three-day chart analysis posted on X, Egrag highlighted a bullish divergence between XRP’s price and its Relative Strength Index (RSI), suggesting that downside momentum may be weakening despite continued pressure on the asset.
However, Egrag stressed that the setup does not yet confirm a major breakout. His analysis identifies several resistance levels that XRP must reclaim before the projected Wave 3 move becomes more firmly established.
#XRP 3-Day Analysis – Wave 3 Setup Is Developing:
🟣The chart is showing a potentially important bullish divergence:
▫️Price is forming a lower low
▫️RSI is forming a higher low🟣That suggests downside momentum is weakening, even while price remains under pressure.
🟣From an… pic.twitter.com/2qSWTfPzDD
— EGRAG CRYPTO (@egragcrypto) August 5, 2026
XRP Shows Bullish RSI Divergence
Egrag’s analysis focuses on the relationship between XRP’s price and its RSI. According to the analyst, XRP is forming a lower low while the RSI is producing a higher low.
This pattern is commonly referred to as bullish divergence because it can indicate that selling momentum is weakening even when price continues to decline. Egrag therefore views the current structure as an early signal that XRP could be approaching a bottoming phase.
The analyst connected this development to Elliott Wave analysis, suggesting that XRP may be completing Wave 2 of a larger upward structure. He emphasized, however, that Wave 3 would only become confirmed after XRP breaks out of its current corrective structure and reclaims major resistance levels.
Key XRP Support and Resistance Levels
Egrag’s chart identifies several areas that could become important as XRP develops its next move. The analyst highlighted the $1.00-$0.95 region as a major support area, while $0.75 represents another level that could become relevant if selling pressure continues.
The chart also identifies $0.60-$0.52 as deeper structural support. A sustained decline through these areas would therefore affect the bullish structure Egrag is monitoring.
On the upside, the analyst is watching several resistance zones. XRP would need sustained closes above $1.30-$1.60, followed by $1.96 and then the $3.00-$3.60 region, to strengthen the bullish case. A move above the previous Wave 1 high would provide what Egrag described as the clearest confirmation that Wave 3 has started.
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Egrag Projects Potential 20x Move
The most significant part of Egrag’s analysis concerns the potential size of Wave 3. He noted that the previous Wave 1 produced an advance of approximately 1,200%. Since Wave 3 is often considered the strongest impulsive phase in an Elliott Wave structure, his chart projects an advance of approximately 1,900% to 2,000% from the anticipated bottoming region.
That projection would represent a move of close to 20 times the starting price. The chart consequently places potential macro targets at $6.42, $13.37, $22.55, $29.63 and $43.83.
Egrag nevertheless made clear that these targets remain conditional on XRP confirming the technical structure. He described the RSI divergence as an early bullish signal rather than definitive evidence of a reversal.
For now, his analysis centers on confirmation. XRP must break its corrective structure, reclaim key resistance levels, and eventually surpass the Wave 1 high before the larger Wave 3 thesis becomes materially stronger.
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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