Egrag Crypto Presents XRP’s Key Battlefield: Long-term Triangle Targets $13
XRP may be approaching one of the most important stages in its current market cycle, according to crypto analyst EGRAG CRYPTO (@egragcrypto).
In a recent analysis of XRP’s 2-month chart, the analyst highlighted a long-term ascending triangle structure that appears to be nearing a decisive moment.
The chart focuses on an A-B-C-D-E formation that has developed over several years. According to the analyst, the first four stages have already formed, leaving the market focused on the final segment.
“E Is The Battlefield,” he wrote, describing the current phase as the area that could determine XRP’s next major move.
#XRP – 2-Month Chart: E Is The Battlefield ⚔️:
This chart is not about noise. This is the 2-Month Time Frame, and it is showing a massive macro structure.
👉The pattern is clear: Ascending Triangle + A-B-C-D-E structure
We already have:
A ✅
B ✅
C ✅
D ✅👉Now the question…
— EGRAG CRYPTO (@egragcrypto) June 19, 2026
Ascending Triangle Remains Intact
The chart shows XRP trading within a large ascending triangle that dates back several years. A rising support line continues to hold the overall structure together, while horizontal resistance remains the key barrier for a larger breakout.
EGRAG’s analysis suggests that the current “E” phase may represent the final macro bottom within the pattern. The chart also highlights a recurring historical rhythm in which major bottoms developed after roughly 425 days, equivalent to seven 2-month candles.
That cycle appears to be approaching another critical period. XRP recently declined, and the analyst noted that the next 2-month candle could represent a possible bottoming window before a larger expansion phase begins.
Key Resistance Sits Above Current Price
The chart identifies a major resistance zone between $2 and $2.10. EGRAG CRYPTO described this area as the “breakout gate” that XRP must reclaim before higher targets become active.
Several conditions still need to be developed before the larger projections come into focus. The analyst said XRP must hold macro support, recover the 7-week moving average, and the 11-week exponential moving average. It must also secure a confirmed breakout above the key resistance area.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
The chart also shows XRP currently trading below those moving averages after recent weakness. However, the broader triangle structure remains visible, keeping attention on whether the current pullback completes the pattern’s final stage.
Potential XRP Targets
If XRP survives the battlefield at E and confirms a breakout, the chart projects several Fibonacci-based targets. The first major target zone is between $9.50 and $17.23, with $13 identified as the primary objective.
The chart places the 1.618 Fibonacci extension near $9.52, while the 2.0 extension sits around $17.24. Beyond that, the 2.272 extension reaches approximately $26.30. The analyst described $13 as the “Main focus” following a confirmed breakout.
The chart also includes an extreme cycle projection toward $100. The analyst referred to that level as a “face-melting scenario,” placing it as the most aggressive target on the chart.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends
Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%
For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.
Crypto prices
More
