XRP is currently priced at $1.2482, caught between two pivotal moving averages that crypto analyst EGRAG CRYPTO has identified as key to the asset’s macro structure. The 33-period moving average serves as dynamic resistance above the price, while the 77-period moving average underpins as macro support below.
Key resistance at $1.65
EGRAG CRYPTO highlighted $1.65 as the crucial level for XRP, referring to it as a “macro gate.” A decisive monthly close above this threshold could, in his assessment, signal the start of a major rally. He considers this resistance area to be the turning point that separates a period of consolidation from a possible expansion phase.
Recent technical charts illustrate a horizontal resistance band near $1.61 that has limited price advances through various cycles. While previous upward trendlines have faded in importance, EGRAG CRYPTO’s focus remains on the $1.61 to $1.65 zone as the region where a significant move could originate.
EGRAG CRYPTO reiterated that, “We could continue ranging between these two [moving averages] until the big breakout,” emphasizing the significance of the monthly chart and the “magic number” at $1.65.
Macro targets: $8, $13, $30
Once XRP achieves a confirmed close above $1.65, the analyst projects sequential targets at $8, $13, and $30. From the current price, these represent respective potential gains of about 541%, 942%, and 2,304%. These milestones are plotted on the monthly chart, which extends to 2033, but the analyst does not assign specific timeframes to each target.
The resistance band at $1.61 remains a significant barrier, but EGRAG CRYPTO maintains that breaching $1.65 could trigger a sustained upward movement over time.
Focus on long-term structure
EGRAG CRYPTO urges investors to concentrate on positioning instead of reacting to short-term price swings, warning against attempts to capitalize on brief volatility. He presents the current trading range—flanked by the 33 MA and 77 MA—as an opportunity for strategic accumulation, rather than a sign of market weakness.
He advises that tracking anticipated generational upside is a matter of proper positioning during the consolidation phase and not about following short-term price actions.
XRP’s price action and technical setup
XRP entered October at $1.4887, shortly after peaking at $1.65 in late September. It has since corrected to $1.2482, holding above the 77 MA—now serving as macro support—but still pinned below the major resistance at $1.61. According to EGRAG CRYPTO, this compression zone represents groundwork ahead of a potential breakout, rather than a downturn.
For market participants following the critical $1.61-$1.65 zone and tracking real-time movements around these levels, CryptoAppsy provides customizable price alerts that signal key resistance or support breaches as they happen. Its live charting interface allows users to monitor price action and macroeconomic data in tandem, offering an efficient way to follow shifts in XRP’s technical structure as outlined by EGRAG CRYPTO.
