Analyst ‘EGRAG CRYPTO’, who is known for his long-term XRP bullish views, shared another chart today that got Ripple’s community thinking.
The chart shows XRP sitting at a critical moment that could determine its path for months or even years ahead. After studying the long-term price action from 2012 to 2025, EGRAG has identified a key resistance level around $3.40 to $3.50 that XRP has repeatedly failed to break through.
What makes this moment so important is the rising triangle pattern that has been forming over several years. The price has been making higher lows while constantly hitting the same ceiling around $3.40. This creates a pressure cooker situation where something has to give way soon.
EGRAG presents two very different scenarios that could play out. If XRP gets rejected at the $3.40 resistance once again, history suggests we could see a massive drop of around 85%. This would send the price crashing back down to the $0.40 to $0.50 range, following the same pattern we’ve seen in previous cycles.
But here’s where it gets interesting. If XRP finally breaks through that stubborn $3.40 ceiling, EGRAG believes we could see explosive upside. He’s not talking about a modest 20% or 30% gain. His analysis points to potential targets between $10 and $27, with $24 being his base case scenario.
The reasoning behind these ambitious targets goes beyond just technical patterns. EGRAG argues that most people are focused on macro factors like geopolitics, government deficits, and global conflicts. While these are important, he believes they’re missing the bigger picture.
The real story, according to EGRAG, is the tokenization of massive traditional markets. We’re talking about trillions of dollars worth of equities, derivatives, real estate, and art potentially moving onto blockchain networks. If XRP captures even a fraction of this market through its utility as a bridge currency, the math starts to support those high price targets.
#XRP – Cycle Top at $3.4 or $24?! 🚀
— EGRAG CRYPTO (@egragcrypto) June 14, 2025
⚪️Yes, you read that right. Today, I was having lunch with a good friend of mine from university days — let’s call him Dr. Y. He holds a PhD in computer engineering and teaches blockchain courses at an American university. He’s well-versed… pic.twitter.com/6Utf2JbtY3
His previous analysis suggested that if the total crypto market cap reaches $5.5 trillion and XRP maintains around 27% dominance, simple math gets you to approximately $27 per token. It sounds wild, but the numbers check out if you believe in the tokenization thesis.
The technical indicators are also lining up in interesting ways. EGRAG has been tracking what he calls the “EMA 21 and SMA 33 anomaly” that preceded XRP’s massive 1200% rally in the past. If this pattern repeats, it could support his $27 target. Even more conservative scenarios still point to significant upside, with 600% gains leading to $13 and 300% gains reaching $6.70.
Timing is another crucial factor in EGRAG’s analysis. His RSI pattern studies suggest we might see a cycle top somewhere between March and July 2025. This gives XRP a relatively short window to either break out or face another major correction.
The current setup reminds many traders of previous XRP cycles where the token spent months testing resistance before either breaking out dramatically or crashing hard. There’s rarely a middle ground with XRP, which is why this moment feels so critical.
What’s particularly noteworthy is how EGRAG frames the choice facing investors. On one side, you have the macro bears who focus on traditional economic headwinds. On the other side, you have the tokenization believers who see blockchain technology reshaping entire industries.
The chart pattern itself tells a clear story. The ascending triangle has been building pressure for years, with each bounce off the rising support line bringing XRP closer to that $3.40 resistance. Triangles typically resolve with explosive moves in one direction or another, rarely with sideways action.
For risk management, EGRAG emphasizes the importance of having a clear exit strategy. If XRP does break out and start climbing toward those double-digit targets, the moves could be parabolic and difficult to time. Having predetermined exit points becomes crucial to protect profits.
The bear case can’t be ignored either. An 85% drop would be devastating for XRP holders, but it wouldn’t be unprecedented. The token has experienced similar crashes in previous cycles, and the pattern could easily repeat if the breakout fails.
Read also: Can XRP Price Really Hit $27? Analyst Shares Bold Forecast Based on Market Dominance
Market sentiment around XRP remains divided. Bulls point to ongoing legal clarity, institutional adoption, and the tokenization narrative. Bears worry about regulatory overhang, competition from other cryptocurrencies, and broader market conditions.
What makes EGRAG’s analysis compelling is that it’s not based on hope or hype. He’s identified specific technical levels, price targets, and timeframes. The $3.40 level isn’t arbitrary – it’s been tested multiple times and represents genuine resistance.
The coming weeks and months will likely determine which scenario plays out. Either XRP finally breaks through its long-standing ceiling and embarks on a major bull run, or it gets rejected once again and faces another painful correction.
For now, all eyes are on that $3.40 level. It’s not just a price point – it’s the line that separates XRP’s bullish future from another extended bear market. The triangle is tightening, the pressure is building, and something has to give way soon.
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