Skip to content
Cryptocurrency

Top Analyst Says XRP Retest Is In Progress. Here’s the Target

Analyst EGRAG CRYPTO reports that XRP has completed its breakout and is undergoing a retest on the macro weekly chart, outlining price targets ranging from $1.64 to $8.22 based on Fibonacci levels.

Top Analyst Says XRP Retest Is In Progress. Here’s the Target

Trading around $1.50 on the weekly timeframe, XRP is positioned at a crucial juncture, according to prominent analyst EGRAG CRYPTO (@egragcrypto). In a macro chart shared with followers, he outlines price objectives ranging from $1.64 to $8.22, noting that the breakout has concluded and a retest is currently taking place.

A Four-Step Method

EGRAG CRYPTO relies on a four-part strategy consisting of cycle, breakout, structure, and retest. By applying this framework to a weekly chart, he demonstrates to the community that the initial breakout is finished and the retest phase is active.

He accounts for multiple potential paths moving forward, suggesting XRP could drop to another low, establish a higher low, or consolidate horizontally to form a bull pennant. Regardless of the scenario, he maintains that he can “follow the DIRECTION” through any of them.

Details Behind the Call

Spanning from 2017 to 2028, the chart features a rising yellow support line positioned underneath the asset’s price. EGRAG CRYPTO highlights this line with four distinct arrows for the years 2020, 2021, 2023, and 2024, each indicating a retest of the support level that prompted a market reversal.

Price action from 2025 into 2026 is contained within a descending channel. The most recent weekly candle opened at $1.5167, peaked at a high of $1.5599, dropped to a low of $1.4663, and ultimately closed at $1.4978, marking a 1.23% decline.

Additionally, the chart displays a cyan 100 EMA alongside a green 333 W MA. Near the right edge of the chart, the 333 W MA hovers close to $1.00, while the 100 EMA tracks near the current trading price. An upward green arrow extends from the retest area toward the $8 region.

Fibonacci Levels Above the Price

Key price thresholds identified by EGRAG CRYPTO include $1.64, $1.92, $2.23, and $2.49, which align with the Fibonacci retracement levels on his chart. Specifically, the 0.382 level is marked at $1.6428, the 0.5 level at $1.9159, the 0.618 level at $2.2343, and the 0.702 level at $2.4927.

XRP currently fluctuates between the 0.236 level at $1.3582 and the 0.382 level, with the retracement anchored by the 0 level at $0.9986.

The Confirmation He Seeks

The analyst points to $1.92—corresponding to the 0.5 Fibonacci retracement—as the crucial test he is watching, noting that a decisive weekly reclaim of this threshold “would be BIG confirmation for me.” Securing this confirmation, he explains, will unlock the broader macro roadmap.

Subsequent targets are outlined at $3.68, $5.00, $6.30, and $8.22, which correspond to the 1, 1.236, 1.414, and 1.618 Fibonacci extensions on the chart, evaluated at $3.6755, $4.9988, $6.3036, and $8.2230, respectively.

Leave a Reply

Your email address will not be published. Required fields are marked *