XRP's long-term chart structure is drawing attention, with analyst EGRAG CRYPTO identifying what is described as a "macro-sized trade." This analysis suggests that XRP is positioned for a considerably larger price move than many short-term traders might anticipate. The current situation highlights both the potential downside risk and the substantial magnitude of the potential upside as XRP continues to consolidate within a long-standing ascending channel.
The analysis posits a straightforward scenario: the worst-case scenario involves a return to the $1.00 region, while the upside potential is significantly greater, described as having "no limits." EGRAG advises long-term XRP holders to consider whether sacrificing a multi-year opportunity for a potential short-term dip is a worthwhile trade-off.
The analyst states that he is not selling any of his XRP holdings and is prepared to increase his position if market conditions present an opportunity. He views this not as a short-term trade, but as a long-duration macro position built upon a structural trend that has influenced XRP since its early price history.
Price Structure Adhering to Long-Term Channel
The technical outlook for XRP remains centered on its macro channel, which EGRAG refers to as "The Line 1." Current price action is consolidating within a classic bull flag pattern, following a typical sequence: Breakout → Retest → Continuation.
Based on this structure, EGRAG has outlined several long-term price targets:
- •Bull Flag Target: Approximately $20
- •Top of "Line 1": Approximately $35
- •Top of "Line 2": Near $200
The monthly chart currently shows XRP trading above the 21 Exponential Moving Average (EMA), which the analyst describes as maintaining XRP in the "most possible position for expansion."
As EGRAG notes, "Compression leads to expansion," indicating that the tightening price structure is creating the conditions for a larger macro move.
Critical Level: Maintaining the $1 Mark
The analysis emphasizes one crucial risk level on the monthly timeframe: XRP's macro bullish outlook remains intact as long as the $1.00 level is defended.
A monthly close below this threshold would signify a shift in the broader market narrative and necessitate a comprehensive reassessment of the long-term setup. However, if the price remains above this level, the structure is considered intact, and the bullish scenario is viewed as the most probable outcome.
At the time of this analysis, XRP was trading near the $2 mark, holding above both the key macro support region and the 21 EMA.
Conclusion: Macro Setup Remains Active
EGRAG concludes by reminding traders that bull flags are rarely resolved without significant price action, stressing that the long-term structure continues to favor expansion over a breakdown. For long-term investors, the core message is clear: the macro chart remains consistent with previous analysis, the projected upside targets are still in play, and the $1.00 level is the key determinant for the continuation of the broader trend.