Crypto analyst Egrag Crypto recently published an updated monthly chart for XRP, encouraging followers to take a broad view of the asset’s price action over the past decade. Without offering direct predictions or commentary, Egrag Crypto invited observers to examine the chart’s structure and derive their own interpretations.
The monthly chart structure and accumulation zones
The chart covers XRP’s price history from 2014 through a projected 2029. At the time of the update, XRP was trading at $1.52. Three significant accumulation zones are highlighted in green. The first zone lasted for 912 days (30 bars) with 10.62 billion in volume. The second covers 699 days (23 bars) and registers 2.03 billion in volume. The current accumulation spans 518 days (17 bars), with 2.91 million in volume. These distinct phases mark periods of price consolidation before previous expansions.
A long-term diagonal trendline, known as the Atlas Line, stretches upward across the chart and intersects with three descending trendlines labeled Line 1, Line 2, and Line 3. These lines converge near the current price, forming a compression pattern. Technical indicators such as the 50-day and 100-day exponential moving averages (EMAs) appear on the chart, with XRP trading just above both benchmarks.
Mini dictionary: Egrag Crypto is a pseudonymous cryptocurrency analyst recognized for technical chart breakdowns and long-term projections, with a strong community following on social media platforms like X (formerly Twitter).
Sometimes the chart conveys a stronger message than words. Just zoom out, observe the structure, and form your own view.
Key price levels and Fibonacci targets
Three Fibonacci extension levels appear prominently on the right of the chart, positioned at approximately $6.81, $10.31, and $31.64. These levels reflect the 1.618 Fibonacci ratio, often cited by technical analysts as potential targets in bullish market scenarios. A large upward arrow illustrates a projected move from the current compression area near $1.51 toward these higher price points.
Horizontal support levels, marked as 0 Fibonacci levels, are drawn at $0.69, $0.29, and $0.098. These represent notable support areas that have historically played a role in XRP’s long-term cycle.
| Accumulation Zone | Duration (days) | Volume |
|---|---|---|
| First Zone | 912 | 10.62 billion |
| Second Zone | 699 | 2.03 billion |
| Current Zone | 518 | 2.91 million |
Fibonacci extension levels mark $6.81, $10.31, and $31.64 as key upside targets on the monthly XRP chart, with major support areas at $0.69, $0.29, and $0.098.
Cycle patterns and community outlook
The chart’s sequence of accumulation phases has, in past cycles, preceded periods of significant upward price movement. The current zone is situated at the intersection of the Atlas Line and the descending trendlines, at a price level near $1.40, highlighting a technical convergence area often associated with breakout potential.
Community sentiment on social media platforms has been broadly optimistic, with several participants echoing the chart’s bullish implications. One follower commented that XRP is targeting the $31 range, aligning with the mapped Fibonacci objectives.
Egrag Crypto’s decision to share the chart without explicit elaboration was designed to encourage independent analysis among viewers, emphasizing self-education and individual interpretation. XRP’s position above its major EMAs, alongside structural compression at a longstanding trendline, is generating increased attention among traders watching for possible trend shifts.
XRP operates as the native token of Ripple, a real-time gross settlement system aiming to facilitate global value transfer between financial institutions.
