Crypto analyst EGRAG CRYPTO has identified a critical technical setup for XRP, pointing to a significant compression zone that could determine the asset’s upcoming price direction.
XRP Trades Between 33 EMA and 111 SMA
EGRAG CRYPTO, a widely followed market analyst specializing in technical charts, shared fresh analysis of XRP’s 3-week chart. The analysis emphasizes that XRP’s price is currently “trapped” between two long-term moving averages—the 33-period exponential moving average (EMA) above and the 111-period simple moving average (SMA) below.
He described this area as a “compression zone,” marking it as a region where major accumulation and consolidation has historically taken place ahead of sharp price advances.
EGRAG CRYPTO stated that, “On the 3-week chart, XRP is trapped between two critical macro indicators: 33 EMA and 111 SMA. Historically, this zone has acted as a major compression and accumulation structure.”
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AAPLOn the 3-week chart, XRP is trapped between two critical macro indicators: 33 EMA and 111 SMA. Historically, this zone has acted as a major compression and accumulation structure.
The technical focus on the 33 EMA and 111 SMA is intended to filter out short-term volatility and provide insight into larger market trends.
Mini dictionary: 33 EMA and 111 SMA, commonly used moving averages in technical analysis, help identify long-term price support and resistance zones.
XRP’s Historical Corrections are Shrinking
EGRAG CRYPTO compared the scale of corrections across several previous market cycles for XRP. The chart’s first major pullback showed a drop of 46%, the second fell 32%, and the current phase has so far marked a decline of around 21%.
| Market Cycle | Correction (%) |
|---|---|
| First | -46% |
| Second | -32% |
| Current | -21% (ongoing) |
The analyst suggested this pattern indicates weakening selling pressure, as the depth of each new correction becomes smaller. XRP has managed to hold above a multi-year rising trendline through the latest downturn.
Key Technical Levels and Resistance Zones
EGRAG CRYPTO highlighted several technical milestones he considers critical for any major breakout. He underscored the importance of holding support at the 111 SMA, reclaiming the 33 EMA overhead, and then breaking above a resistance area spanning $1.60 to $2. Previous attempts to clear this zone have not resulted in a lasting rally. He suggested that a sustained move above this area would confirm a completed consolidation and set the stage for a potential strong uptrend.
The analysis suggests XRP needs to hold the 111 SMA, reclaim the 33 EMA, then decisively cross the $1.60-$2 range. Only then could the asset attempt a major breakout.
The horizontal resistance zone near $1.60 to $2 has proven to be a major supply area. According to the chart, only a decisive move above this range could trigger larger upside moves for the asset.
Potential Price Targets After Breakout
If XRP manages to confirm a breakout above the resistance, the analysis sets post-breakout price targets at $17, $27, $35, and a “Perfect Measured Move” at $42. These targets are based on technical projections and historic long-term consolidation periods, which, according to the analyst, have preceded sizable advances in past cycles.
Rather than depending on short-term fluctuations, this outlook prioritizes repeating technical patterns that have emerged across multiple market cycles in $XRP.
