Crypto analyst EGRAG Crypto has issued a fresh technical warning over XRP's weekly chart, pointing to a tightening triangle formation that could trigger a sharp directional move. The pattern is closing in on key price levels, and a breakout looks imminent.
XRP Tests the 200-Week EMA as Buyers Hold the Line
The 200-week exponential moving average (200 EMA) is serving as a critical pivot. According to EGRAG Crypto, XRP recently dipped toward this level, briefly crossing below before buyers pushed it back up. The reaction confirmed the 200 EMA as a solid long-term support zone. Historically, when XRP trades above this line, the macro bias remains bullish even during pullbacks.
Buyer defense near the 200 EMA indicates strong demand at this technical level. Similar price reactions in earlier cycles also coincided with long-term bottom formations. The current tug-of-war between bulls and bears around this moving average adds weight to the upcoming breakout signal.
Triangle Compression Signals a Decision Phase
More notably, EGRAG Crypto highlights a symmetrical triangle compression forming on the weekly timeframe. This pattern emerged after a strong impulsive move and reflects declining volatility: sellers lose momentum while buyers gradually absorb supply. Triangles rarely reach their apex before resolution; markets tend to break out earlier once pressure builds.
The analyst outlines two scenarios. The first involves a liquidity sweep below triangle support, where XRP could briefly drop to the $0.93 to $0.80 range. This area aligns with historical retracement levels and measured move targets, and such sweeps often trap short sellers. The second scenario skips the sweep altogether, with XRP holding the 200 EMA while the triangle continues tightening, followed by an upward breakout.
If the bullish breakout materializes, EGRAG Crypto targets $2.20 initially, then $3.20—both previous weekly resistance levels. With volatility compressed and the triangle nearing completion, the analyst believes a significant price move is likely in the coming weeks, regardless of which path plays out first.