Egrag Crypto, a widely followed cryptocurrency analyst, has drawn attention to XRP’s monthly price chart, identifying a multi-year technical formation that he calls the “White Bridge.” His analysis highlights key price levels at $1.70, $6.40, and $30, suggesting these marks may be pivotal in XRP’s long-term price trajectory.
Analyst identifies recurring pattern on monthly chart
According to Egrag Crypto, the XRP monthly chart displays two major trendlines converging over several years to form a large triangular pattern. He refers to this structure as the “White Bridge” and emphasizes that his analysis is based purely on technical factors rather than short-term market events or news developments.
Egrag Crypto urges traders to set aside XRP’s reputation, use case, and recent announcements when examining the chart. He states that similar price behavior could be observed on any other asset presenting this structure, focusing on how the price repeatedly tests the boundaries of the triangle. The pattern, he notes, typically shows a sequence of “touch and bounce” followed by “retest and expansion.”
The monthly chart reveals a massive multi-year triangle, which I refer to as the ‘White Bridge.’ Traders should concentrate only on this structure, ignoring external factors, as it signals recurring patterns and significant technical setups.
Mini dictionary: Egrag Crypto is a pseudonymous market analyst known within the crypto community for technical analysis, particularly focusing on price chart formations and multi-year trends.
Egrag Crypto outlines technical price targets
Egrag Crypto has established a technical roadmap, with $1.70 as the first major resistance level. XRP currently trades near $1.49, positioning $1.70 as the next target for the market. The analyst labels $6.40 as the “GREEN target,” locating it above the current price range and at the upper part of the formation.
The most ambitious marker in his chart is the $30 “WHITE macro target,” projected towards the upper edge of the triangle pattern in the coming years. Egrag Crypto clarifies that these levels stem from technical patterns, not predictions tied to fundamental events or short-term news.
| Key Level | Description | Status Relative to Current Price |
|---|---|---|
| $1.70 | First major resistance | Upcoming challenge |
| $6.40 | Upper structure “GREEN target” | Above current range |
| $30 | Macro “WHITE target” | Long-term projection |
He emphasizes that the integrity of the monthly macro structure forms the basis for his outlook. In his view, the chart’s repeated contact with the “White Bridge” triangle supports the idea that long-term technical forces are taking shape.
His approach separates fundamentals from chart analysis first, then considers long-term network and ecosystem developments alongside technical signals to give traders a broader set of factors to weigh.
Long-term outlook outweighs short-term events
While Egrag Crypto initially detaches his thesis from fundamentals and real-world developments, he later reintegrates these factors into his broader market perspective. He points to consistent ecosystem growth and technical enhancements made around XRP, encouraging traders to consider both the technical roadmap and project fundamentals.
Despite highlighting the three technical price levels, Egrag Crypto acknowledges that future price movements are not guaranteed. The roadmap he presents acts as a reference for potential market behavior rather than a concrete price forecast.
As XRP approaches the $1.70 resistance zone once again, Egrag Crypto’s analysis provides traders and analysts with a long-term framework for evaluating future price action.
