XRP Entering Grinding Phase After Boredom. Here’s the Significance

Crypto market analyst Egrag Crypto has shared a new technical outlook for XRP, indicating that the asset has transitioned from what he previously described as the “boredom phase” into a new phase he calls the “grinding phase.”

In a tweet accompanied by a detailed chart, Egrag emphasized that the next movements for XRP may be slow and difficult in the short term, but he reaffirmed confidence in a longer-term breakout scenario, provided a critical support level holds.

Support Line Becomes the Crucial Technical Marker

The chart posted by Egrag outlines a falling wedge formation, typically considered a bullish reversal pattern when occurring in a downtrend. The chart shows XRP trading just above a yellow descending support trendline.

This trendline appears to be acting as the lower boundary of the wedge pattern, and Egrag underscores its importance with the statement: “Lose this support line, we’re fooked.” This line currently sits just under the $1.80 region.

Short-Term Movements Unclear, Structural Completion Preferred

According to the analysis, Egrag sees two possible short-term trajectories within the wedge. The chart displays a yellow and a blue path, each illustrating a prolonged consolidation within the formation before a potential breakout.

The blue path appears to track a more volatile grind within the formation, while the yellow suggests a lower low might form before a reversal occurs. Egrag suggests he would prefer this lower low form, as it would better complete the wedge pattern structurally and potentially set up for a stronger upside move.

Despite the short-term uncertainty, he maintains that XRP is positioned for a significant breakout. He identifies the primary resistance zone at approximately $2.73 and sets a measured move target at $4.00, aligning with the height of the wedge projected from the breakout point. While not specifying a timeline for this potential surge, the chart projection shows a steep move upward taking place sometime in the third quarter of 2025.

Long-Term Outlook Remains Firm Despite Near-Term Volatility

In his commentary, the analyst downplays the significance of various short-term formations, suggesting that the focus should remain on the long-term structural setup. “Honestly, the yellow formation, blue formation, or any of the hundreds of formations don’t concern me in the short term,” he wrote, pointing to the integrity of the support line as the primary technical priority.

He concludes his tweet with encouragement directed at the XRP community, reinforcing his long-term optimism: “My long-term targets remain intact, so don’t get rattled!”

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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