- XRP is forming a falling wedge between $2.60–$2.70, a classic bullish setup.
- The gap zone of $2.51–$2.73 has low liquidity — a fast move through it may fuel momentum.
- A clean daily close above $3.00 would shift resistance into support for further upside.
The XRP chart has settled into a consolidation range, with price holding around $2.86 after testing crucial support zones. Traders are watching this pause closely, because the next move will decide whether XRP’s current rebound is the start of renewed momentum or just another stall beneath resistance.
EGRAG’s XRP Analysis: The “Green Ball” Signal
Market analyst EGRAG Crypto put forward one of the most ambitious XRP price level forecasts on record. His XRP analysis highlights a repeating two-week pattern where the token retraces to the 21-EMA before entering what he calls a “green ball” phase. Historically, these zones have set the stage for large breakouts.
On his latest XRP chart, EGRAG mapped XRP’s upside breakout price levels at $17, $27, and $33, using Fibonacci extensions as confirmation.
“Math and numbers are the language of the universe,” EGRAG wrote framing the projection as less about immediate upside and more about maintaining patience as the pattern develops..
XRP Momentum Meets XRPL Fundamentals
The bullish projection runs parallel to XRP momentum on the development side. Ripple’s CTO David Schwartz emphasized that the XRP Ledger already meets 80% of financial needs through its native tools, including DEX functionality, issues assets, and escrows.
These features, he argued, already make XRPL one of the most practical platforms for financial applications, avoiding the unnecessary complexity of fully Turing-complete blockchains.
Unlike Ethereum’s expansive smart contract system, XRPL’s approach will remain lean and purpose-built, offering developers just enough flexibility without introducing security and complexity risks.
At the same time, Schwartz’s roadmap ensured that XRP is not just a speculative asset but a platform equipped to handle institutional DeFi and cross-chain interoperability.
XRP Price Levels to Watch Now
From EGRAG’s chartwork, the targets of $17, $27, and $33 remain firmly in play, provided XRP follows its established momentum from earlier this year.
As per CoinMarketCap data, XRP trades at $2.86 at the time of writing and is up almost 3% in the past 24 hours. However, the altcoin trades below the major support levels of 20-day and 50-day exponential moving averages at $2.91 and $2.92, respectively.
Related: SEC’s October Calendar Brings Six XRP ETF Verdicts in One Week
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