XRP is nearing a critical technical zone as traders look for signals confirming either a bullish breakout or a resumption of its corrective trend. Technical analyst Egrag Crypto stated that $1.65 is the key level to watch in the short term, with the outcome at this price set to shape XRP’s direction for the foreseeable future.
Egrag Crypto highlights $1.65 as decisive price level
Egrag Crypto, a digital asset analyst known for sharing chart-based insights, emphasized in a recent analysis that a sustained close above $1.65 on the weekly chart could trigger a bullish breakout for XRP. At the time of his comments, the cryptocurrency was trading around $1.45, maintaining a tight range just below this critical resistance.
According to the analyst, only a weekly full-body close above $1.65 will confirm a reversal of the prevailing structure and reinforce a more optimistic scenario for XRP. Otherwise, the risk of another corrective phase remains.
If XRP achieves a weekly full-body close above $1.65, the bullish breakout structure will be validated. Failing to do so could send the token into a consolidation period or lower support retest.
Egrag Crypto’s published chart revealed an ambitious roadmap extending through 2028, identifying $8.30 as a potential long-term target. However, he reiterated that the immediate test is whether XRP can remain above $1.65 in the coming sessions.
Downside risks: Macro support and moving averages
Should XRP fail to break the $1.65 barrier, Egrag Crypto forecasts a likely decline toward the 333-day exponential moving average (EMA). In this scenario, he expects the token could revisit the $1.05 to $0.85 zone, which he views as a significant macro support region rather than a single price floor.
This support range, spanning $1.05, $0.95, and $0.85, may provide XRP with an opportunity to form a stronger base before any renewed bullish movement. The analyst believes a reversal in this area would set the stage for XRP to resume its upward trajectory after establishing a higher low.
| Key level | Scenario if broken | Target/Support |
|---|---|---|
| $1.65 | Bullish breakout | $8.30 (long-term) |
| Below $1.65 | Consolidation or correction | $1.05 – $0.85 |
EMA convergence underpins technical structure
A central part of Egrag Crypto’s technical perspective involves tracking the relationship between XRP’s 50 EMA and 333 EMA. While the 50 EMA has started moving lower, the 333 EMA continues to trend upward, creating a converging setup that could serve as a major inflection point for price action.
Egrag Crypto suggested that any decisive push above the upper band, supported by volume and a strong weekly close, would signal a material shift in the current technical landscape. Alternatively, repeated rejections may anchor the token’s price within a declining structure for a more extended period.
For now, the analyst maintains that the $1.65 level remains the critical zone for XRP. A firm break above would challenge his primary scenario and provide technical validation for the bullish roadmap extending toward $8.30.
Mini dictionary: EMA (Exponential Moving Average), a technical indicator used in trading that gives more weight to recent price data, making it responsive to new market trends. The 50 EMA and 333 EMA are used to capture both medium-term and long-term trends.
The convergence of XRP’s 50 EMA and 333 EMA could create a decisive turning point, determining whether the token breaks out or continues consolidating within its current pattern.
