Egrag Crypto to XRP Investors: Choose Your Targets Wisely. Here’s why

Crypto market analyst Egrag Crypto has released a detailed chart analysis emphasizing a pivotal moment for XRP’s price structure. His latest projection, based on long-term technical patterns, outlines potential price targets ranging from conservative to highly optimistic levels, while identifying $2.08 as a key threshold that could determine the next market direction.

Focus on Price Action and Market Structure

Egrag’s analysis, presented through a “W-pattern” framework, underscores the idea that price movement itself is the most reliable signal in technical analysis. He argues that as long as XRP’s price does not close below $2.08, broader market indicators or oscillators should not dictate sentiment.

According to the chart, this price acts as the compression point within the asset’s multi-year structure, suggesting it could serve as a technical foundation for the next potential rally.

The visual shows a long-term formation resembling a double-bottom or “W10” pattern, with XRP consolidating around its neckline.

From this base, Egrag outlines three potential scenarios: a conservative target near $13, an average projection around $22, and an optimistic scenario extending to approximately $35.21. These projections appear to derive from measured moves calculated from historical trend symmetry and structural breakout potential.

Community Reactions and Broader Implications

Following the release of Egrag’s post, several community members offered their views on the outlined structure and its implications. One market participant, Rene David, stated that his targets have remained between $17 and $34 for an extended period and that he sees no reason to revise them.

Another user, Jeremy Merrell Williams, interpreted the $2.08 level as a compression zone between retail speculation and institutional migration. He linked the technical to developments such as Hidden Road, RLUSD, and XLS-66 lending, suggesting these elements could form the infrastructure for multi-trillion-dollar settlement volumes on the XRP Ledger.

Egrag Crypto’s latest chart places renewed focus on XRP’s price structure and the significance of its $2.08 threshold. The analysis integrates traditional technical patterns with the current market context, emphasizing the primacy of price action as a validation tool.

Whether XRP sustains its level above that mark could determine if the asset transitions into the next phase of structural expansion or remains in consolidation. For analysts and traders observing the market, the $2.08 level now stands as a critical reference point in the evolving technical outlook for XRP.