XRP trades near $1.50 as top analyst signals key retest, targets up to $8.22

The four-step approach

EGRAG CRYPTO described his method as a four-stage process: cycle, breakout, structure, and retest. He applied this sequence to the XRP weekly chart, communicating to his followers that the breakout phase has ended and the retest is currently underway. According to him, various scenarios are possible in the coming weeks—XRP could experience another low, form a higher low, or enter a period of price consolidation within a bull pennant formation. Throughout any of these outcomes, he said he intends to continue tracking the prevailing trend direction.

Every analyst has a unique method, and mine follows the sequence: cycle, breakout, structure, then retest. On the macro chart, the breakout has already occurred. Now, we are in the retesting stage. XRP could revisit lower levels or set a higher low, and I will follow the direction through each phase.

Analysis of current price structure

The shared macro chart spans from 2017 to 2028, showing a prominent support line underneath XRP’s price action. Four arrows along this support—highlighted at the years 2020, 2021, 2023, and 2024—indicate past retests that resulted in reversals. The most recent weekly candle opened at $1.5167, peaked at $1.5599, dropped to a low of $1.4663, and closed at $1.4978, marking a decrease of 1.23% for the week.

EGRAG CRYPTO also referenced a descending channel spanning late 2025 through 2026 and pointed out technical indicators including the 100-week exponential moving average (EMA) and the 333-week simple moving average (SMA). The 333 W MA is positioned near $1.00, while the 100 EMA aligns with current trading levels. A green arrow from the current price zone was drawn toward the $8 region, indicating a potential upward trajectory if key confirmations occur.

Fibonacci retracement and key price levels

The analyst identified several key price points for XRP based on Fibonacci retracement levels: $1.64 (0.382), $1.92 (0.5), $2.23 (0.618), and $2.49 (0.702). The latest trading action placed XRP between the 0.236 level at $1.3582 and the 0.382 level at $1.6428, with the lowest reference Fibonacci level at $0.9986.

According to EGRAG CRYPTO, reclaiming the $1.92 level on a weekly closing basis would serve as strong confirmation for the wider bullish move. He mapped out potential upward price targets at $3.68, $5.00, $6.30, and $8.22, which correspond with the 1, 1.236, 1.414, and 1.618 Fibonacci extension points.

A firm weekly close above $1.92 would be significant confirmation, unlocking a macro roadmap for XRP with extension targets up to $8.22.