- •XRP is testing the $3.13 Fibonacci (0.5) resistance, which could determine its next major move.
- •A close above $3.13 opens targets at $4.40, with longer-term potential toward $7.00.
- •Rejection could send XRP down to $2.65 or even $2.40, marking critical danger zones.
Well-known crypto market analyst Egrag Crypto has issued a new update on XRP, suggesting that the asset is nearing a critical decision point. His analysis highlights a key Fibonacci level that could determine whether XRP surges to fresh highs or falls back to lower support.
“This is a simple post, but I think it’s very effective!” Egrag wrote. “If we close above $3.13 (Fib 0.5 level), we could reach a minimum of $4.40. However, if we get rejected at that level, we might drop down to $2.65 or even $2.40.”
Key Levels on the Chart
The chart shared by Egrag shows XRP trading around $2.98, pressing against the resistance zone marked by the 0.5 Fibonacci retracement level at $3.13. A close above this level would confirm strength in the trend and could open the door toward higher Fib extensions, with $4.40 standing out as the next major upside target.
On the other hand, if XRP fails to clear resistance and faces rejection, the price could retrace back to the $2.65 support level, or in a deeper case, $2.40.
#XRP – Ready to Move… But Where? 🤔
This is a simple post, but I think it’s very effective!
If we close above $3.13 (the Fib 0.5 level), we could reach a minimum of $4.40. 📈 However, if we get rejected at that level, we might drop down to $2.65 or even $2.40. 📉
It’s up to… pic.twitter.com/0JpWdeqyqN
— EGRAG CRYPTO (@egragcrypto) October 2, 2025
The chart also outlines a broader Elliott Wave structure, with XRP positioned at the critical wave 4–5 decision point. If momentum continues in favor of bulls, the upside projection includes a possible run to $7.00 over time.
Technical Indicators Point to Confluence
Egrag’s analysis highlights that the $3.13 zone is not only a Fibonacci resistance but also a decisive psychological threshold. XRP has been holding a long-term rising channel, suggesting broader bullish momentum remains intact.
However, failure to hold above the channel floor could see XRP tumble back toward the $2.65–$2.40 region, areas Egrag identifies as critical danger zones.
Market Sentiment: Anticipation Builds
Egrag concluded his analysis with a note of caution, leaving the choice to traders: “It’s up to you to decide what to do!” With XRP hovering just below the crucial $3.13 breakout level, the market is closely watching for a decisive move.
A breakout could re‑ignite bullish momentum, while rejection would validate the risk of a deeper pullback. Ultimately, XRP is at a major inflection point, and the $3.13 Fib level is the line in the sand that could determine whether the next move is a surge toward $4.40 or a drop to $2.40.