Prominent chart analyst EGRAG has updated his outlook on XRP, identifying a crucial price range that could determine whether the asset enters a strong bull run or faces a sharp pullback. According to his latest commentary, XRP is currently trading within what he terms a “micro noise” zone, a range that lacks a definitive trend signal.

EGRAG Defines Key Breakout and Breakdown Levels

EGRAG’s analysis focuses on the Bull Market Support Band (BMSB), a technical zone that he has used to monitor XRP’s broader trend. He emphasizes that XRP must close above $2.41 for three consecutive days to confirm a bullish breakout. Conversely, a daily close below $2.15 would signal a breakdown, potentially triggering further losses.

At the time of his commentary, XRP is trading at approximately $2.30, up over 6% on the day. While the price has shown recent strength, EGRAG believes it remains in “limbo” until it breaks above or below these key levels with conviction.

“Micro Noise” Dominates the Current Price Range

EGRAG labels all price action between $2.15 and $2.41 as “micro noise”—short-term fluctuations that don’t carry significant directional value. This range has trapped XRP in consolidation, making it difficult for traders to determine whether bulls or bears have the upper hand.

Should XRP fall below $2.15, EGRAG expects it to test $1.90, which he views as a strong support zone. This level may act as a base for renewed accumulation, giving bulls a second chance to initiate a recovery.

Long-Term Targets Remain Unchanged

Despite the short-term indecision, EGRAG remains firmly bullish on XRP’s long-term trajectory. His macro price targets remain intact, provided XRP holds critical structural levels. In previous analyses, he predicted a potential 15x rally, which would push XRP toward $27—a new all-time high.

Earlier this month, he also pointed to a six-month candle pattern reminiscent of XRP’s 2017 mega rally. He noted that since November 2024, XRP has printed five similar monthly candles, and he believes a “mega candle” could emerge next, propelling the price to $17 and beyond.

If XRP successfully breaks its macro channel at that level, EGRAG suggests it could skyrocket to $55, aligning with the community’s most bullish forecasts.

Diverging Views from Other Analysts

EGRAG’s analysis has sparked discussion among other market commentators. Another crypto analyst, Javon Marks, supports the bullish thesis, projecting substantial upside for XRP during this cycle.

However, not everyone shares this optimism. Analyst Crashius Clay presents a contrarian view, asserting that XRP is currently overvalued. He argues that the best strategy now is to short XRP, suggesting its recent rally may not be sustainable.

Conclusion: XRP at a Pivotal Crossroads

As XRP fluctuates within the narrow $2.15 to $2.41 range, the market watches closely for a decisive move. EGRAG maintains that anything inside this zone is noise, but once XRP breaches either end, the next phase of its trend could begin.

Whether XRP heads toward $1.90, $17, or even higher, one thing is clear- its next breakout or breakdown will set the tone for the remainder of this cycle. Until then, traders are advised to tread carefully and watch these critical levels with precision.