Egrag Crypto: XRP Chart Screams $20, But People Aren’t Listening

XRP is currently in a phase of deceptive calm, with underlying structural forces aligning. While short-term volatility may distract traders, historical market behavior suggests this period often precedes significant price expansion. Analysts focusing on market structure, rather than sentiment, are paying close attention to XRP's current setup.

Crypto analyst Egrag Crypto has highlighted this overlooked dynamic, asserting that XRP's chart demonstrates repetition, not weakness. Their assessment is based on high-timeframe structure and wave behavior, indicating that the market is following a historically reliable pattern.

Price Structure Shows Controlled Consolidation

Recent pullbacks in XRP have consistently found support around the 21-period exponential moving average on higher timeframes. These retracements have occurred with decreasing momentum, suggesting a cooling of selling pressure rather than active distribution. Buyers have entered earlier with each corrective move, leading to the formation of higher lows and reinforcing a bullish market structure.

This pattern is reminiscent of previous XRP cycles, where extended consolidations above key moving averages preceded significant upside continuation. The chart referenced in Egrag Crypto's analysis visually supports this observation, demonstrating how past pauses resolved to the upside once momentum returned.

Elliott Wave Structure Remains Bullish

From an Elliott Wave perspective, XRP appears to have concluded its initial impulsive phase, comprising Waves (1), (2), and (3). The market has since entered Wave (4), a corrective phase that has remained technically sound. Critically, this correction has respected macro structure and has not invalidated the broader impulsive sequence.

Elliott Wave theory posits that Wave (5) is characterized by expanding momentum and increased participation. As long as XRP maintains its structural integrity, the technical framework continues to support another impulsive move upward.

Why Analysts Are Watching the $15–$22 Zone

The projected target range of $15–$22 stems from structural confluence rather than mere speculation. This zone is supported by measured move projections, Fibonacci extensions, and cycle symmetry. XRP's historical performance further strengthens this outlook, as past cycles exhibited extended fifth-wave expansions following prolonged consolidation periods.

These projections are rooted in structural mathematics and align with established technical analysis frameworks, lending them considerable credibility.

Invalidation Levels Define Risk Clearly

The bullish outlook remains conditional and requires disciplined risk management. A decisive break below macro structural support would invalidate the current wave count and negate the potential for an upside scenario. Currently, price action is respecting structure, volatility is contained, and buyers are maintaining control at key levels.

As Egrag Crypto has emphasized, markets tend to reward those who understand structure over those who react emotionally. For XRP, the chart continues to offer clear signals to those who are attentive.