XRP sits at a technical crossroads, and one analyst says the next move could determine whether a fresh rally takes hold or the correction continues.
Crypto analyst Egrag Crypto’s chart highlights the 200-week exponential moving average (EMA) — a widely watched measure of long-term momentum — as the pivot point. XRP is currently trying to push above that EMA while also testing horizontal resistance around $1.55. Egrag frames a weekly close above both the 200-week EMA and $1.55 as the first meaningful sign that buyers are regaining control and that upside momentum is building.
But the bullish case has broader hurdles. XRP remains inside a descending channel that has defined its recent price action; as long as it stays in that channel, the larger structure looks corrective rather than decisively bullish. In other words, cracking $1.55 would be an early sign of strength, but a full trend reversal would likely require a break above the channel’s upper boundary.
Egrag points to a higher confirmation level near $2.20: a weekly close above that mark would clear key resistance within the channel and could usher in a more aggressive advance. His projection ties such a breakout to Fibonacci extension levels that extend toward roughly $8.50 over the longer term.
On the flip side, failure at $1.55 could reopen the downside. The analyst identifies $1.26 as the next likely target for a pullback, with a deeper slide possible into the $0.95–$0.85 zone — a broader support area where XRP might stabilize before any renewed attempt to climb.
Bottom line: XRP’s immediate fate hinges on how it interacts with the 200-week EMA and the $1.55 resistance. A weekly close above those levels would favor a short-term bullish shift; staying inside the descending channel would keep the corrective outlook intact.
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