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Egrag Crypto: XRP Chart Screams $20, But People Aren’t Listening

XRP continues to trade at a moment where price action appears deceptively calm while deeper structural forces quietly align. Short-term volatility has kept many traders distracted, yet historical market behavior shows that this phase often precedes expansion rather than decline. For analysts who prioritize structure over sentiment, the current XRP setup demands attention.

Crypto analyst Egrag Crypto recently drew focus to this overlooked dynamic, emphasizing that XRP’s chart reflects repetition, not weakness. His assessment centers on high-timeframe structure and wave behavior, suggesting that the market is following a familiar and historically reliable path.

Price Structure Shows Controlled Consolidation

XRP’s recent pullbacks have consistently respected rising dynamic support, particularly around the 21-period exponential moving average on higher timeframes. Price retracements into this zone have occurred with declining momentum, signaling cooling pressure rather than distribution. Buyers have stepped in earlier with each corrective move, allowing higher lows to form and reinforcing bullish market structure.

This pattern mirrors previous XRP cycles, where extended consolidations above key moving averages laid the groundwork for powerful upside continuation. The chart image referenced in Egrag Crypto’s analysis visually reinforces this repetition, highlighting how similar pauses in the past resolved to the upside once momentum returned.

Elliott Wave Structure Remains Bullish

From an Elliott Wave perspective, XRP appears to have completed its initial impulsive phase, encompassing Waves (1), (2), and (3). The market has since transitioned into Wave (4), a corrective phase that has remained technically healthy. Crucially, this correction has respected macro structure and has not invalidated the broader impulsive sequence.

Elliott Wave theory consistently identifies Wave (5) as the phase where momentum expands and participation increases. As long as XRP holds its structural foundation, the technical framework continues to favor another impulsive leg higher.

Why Analysts Are Watching the $15–$22 Zone

The projected $15–$22 target range reflects structural confluence rather than speculative optimism. Measured move projections, Fibonacci extensions, and cycle symmetry all converge within this zone. XRP’s historical behavior further strengthens the case, as previous cycles produced extended fifth-wave expansions following prolonged consolidations.

Importantly, these projections align with structural mathematics rather than short-term narratives, reinforcing their credibility within technical analysis frameworks.

Invalidation Levels Define Risk Clearly

The bullish thesis remains conditional and disciplined. A decisive breakdown below macro structural support would invalidate the current wave count and negate the upside scenario. At present, price continues to respect structure, volatility remains contained, and buyers maintain control at key levels.

As Egrag Crypto emphasized, markets reward those who understand structure rather than those who react emotionally. For XRP, the chart continues to communicate clarity to those willing to listen.

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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Zaccheaus Ogunjobi
Zaccheaus Ogunjobi
I am a passionate and experienced writer with a strong focus on cryptocurrency and the financial landscape. With a keen eye for market trends and emerging financial technologies, I strive to deliver insightful, well-researched content that educates and informs. Whether breaking down complex financial concepts or analyzing the latest market movements, my goal is to make finance accessible and engaging for a wide audience.
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