Headline: Analyst: XRP Could Slide to $0.83 Before a Potential Rally Toward $8.30
A prominent crypto analyst says a prolonged technical pattern in XRP’s chart could set the stage for a dramatic move — but only after one more leg down.
What’s happening
- Egrag Crypto has identified a falling wedge in XRP’s price that stretches nearly nine months. The token is trading around $1.30 after a long decline.
- That structure, typically a bullish reversal pattern if it holds, suggests XRP may drop into the wedge’s floor before making a large upside attempt. The analyst’s scenario maps a move down to about $0.83, followed by a rebound, a retest near $0.91, and then a potential breakout that could eventually target $8.30.
Context and key levels
- XRP has posted six consecutive months of losses — its worst streak since 2014. April opened weak (down roughly 1.8% in early trading), and if the month closes negative it would mark seven straight losing months — a first in the token’s history.
- The token peaked at $3.60 in July 2025 and since then has been squeezed between two downward-sloping trendlines that form the falling wedge. Every time price hits those lines, it has tended to reverse, reinforcing the wedge pattern.
- The upper boundary sits near $1.80. Egrag points out that a monthly close above $1.80 would invalidate the falling wedge setup and cancel this specific bullish thesis.
- The projected lower target — roughly $0.83 — coincides with where the wedge’s support meets a longer-term rising trendline Egrag calls the “Atlas Line,” which he views as the structural floor for this pattern.
Recent price action
- The wedge has absorbed several large swings: on Oct. 10, 2025, XRP plunged from $2.80 to $1.36 and found support at the lower trendline; in early February 2026 it dipped to $1.11 before bouncing again. Earlier recovery attempts have been rejected at resistance, most recently when XRP hit $2.41 in January 2026 and pulled back.
Risks and invalidation
- The trade scenario is binary: a decisive close above $1.80 would break the wedge and negate the setup. Conversely, a move below the $0.83–$0.91 support zone would signal deeper weakness and open the door to further downside beyond this pattern’s current projection.
Bottom line
Egrag’s read frames the current pullback as a possible “last low” before a sizable reversal — but it depends on price respecting the wedge boundaries. As always, technical patterns suggest probabilities, not certainties; traders should use risk management and consider other market drivers (news, macro flows, on-chain metrics) before positioning.
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