XRP has returned to a technical level that EGRAG CRYPTO (@egragcrypto) believes deserves close attention. The analyst shared a weekly chart highlighting a long-term structure that could shape the asset’s next major move. The chart focuses on major trendlines, moving averages, and a key support zone that he believes traders should watch closely.
Red Trendline Remains the Key Level
The chart places strong emphasis on a descending red trendline labelled “The Red Line.” XRP has traded beneath this resistance since it hit its all-time high in July 2025. Repeated tests have kept the level in focus.
The analyst also marks the 50-week EMA in blue and the 222-week moving average in green. XRP now trades close to both averages as its price compresses near the intersection of the rising support trendline and the long-term resistance. The chart also highlights the $1.60 level near the descending resistance, showing it as an important area to reclaim.
#XRP – The RED CHART (Weekly Breakout Watch):
This is the Chart, Can you see What I See…..
Men Lie. Women Lie. Structure Doesn't Lie pic.twitter.com/L2u8SW7eEb
— EGRAG CRYPTO (@egragcrypto) July 25, 2026
Watching the Support Zone
A white circle highlights the current trading region around the rising support line, which the analyst labeled the “Atlas Line.” According to the chart, XRP continues to hold above that ascending trendline, and has remained that way since before 2019. It has also remained close to the long-term moving average.
The structure also traces back to a large symmetrical triangle that developed between 2021 and late 2024. The breakout from this triangle pushed XRP up by over 500% in late 2024. XRP is now forming a similar compression pattern within the descending trendline and the rising Atlas Line.
XRP’s Next Target
EGRAG CRYPTO includes a projected path that extends from the current support zone toward the upper end of the chart. A vertical projection labels $8.30 as the potential upside target if XRP confirms the breakout above the red resistance line.
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The projected move first carries XRP through the resistance area around $1.60 before accelerating upward. The analyst does not provide a timeline, but the chart presents the move as the next stage following a successful breakout from the current structure.
The post centres on technical structure rather than short-term price action. The analyst stated, “Men Lie. Women Lie. Structure Doesn’t Lie.” The coming price action around the red resistance line will determine whether the chart follows the projected path toward the $8.30 target.
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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