XRP Enters Grinding Phase, Analyst Sees 122% Gain to $4

Crypto market analyst Egrag Crypto has shared a new technical outlook for XRP, indicating that the asset has transitioned from what he previously described as the “boredom phase” into a new phase he calls the “grinding phase.”

In a tweet accompanied by a detailed chart, Egrag emphasized that the next movements for XRP may be slow and difficult in the short term, but he reaffirmed confidence in a longer-term breakout scenario, provided a critical support level holds.

Egrag outlined a falling wedge formation, typically considered a bullish reversal pattern when occurring in a downtrend. The chart shows XRP trading just above a yellow descending support trendline, which appears to be acting as the lower boundary of the wedge pattern. Egrag underscores its importance with the statement: “Lose this support line, we’re fooked.” This line currently sits just under the $1.80 region.

According to the analysis, Egrag sees two possible short-term trajectories within the wedge. The chart displays a yellow and a blue path, each illustrating a prolonged consolidation within the formation before a potential breakout. The blue path appears to track a more volatile grind within the formation, while the yellow suggests a lower low might form before a reversal occurs. Egrag suggests he would prefer this lower low form, as it would better complete the wedge pattern structurally and potentially set up for a stronger upside move.

Despite the short-term uncertainty, he maintains that XRP is positioned for a significant breakout. He identifies the primary resistance zone at approximately $2.73 and sets a measured move target at $4.00, aligning with the height of the wedge projected from the breakout point. While not specifying a timeline for this potential surge, the chart projection shows a steep move upward taking place sometime in the third quarter of 2025.

In his commentary, the analyst downplays the significance of various short-term formations, suggesting that the focus should remain on the long-term structural setup. “Honestly, the yellow formation, blue formation, or any of the hundreds of formations don’t concern me in the short term,” he wrote, pointing to the integrity of the support line as the primary technical priority. He concludes his tweet with encouragement directed at the XRP community, reinforcing his long-term optimism: “My long-term targets remain intact, so don’t get rattled!”

A prominent analyst has noted that XRP is transitioning from a phase of stagnation to a more dynamic "grinding" phase within its daily falling wedge pattern. This shift is significant as it indicates a potential breakout from the current price range, which could lead to a substantial price increase. The analyst has set a target price of $4 for XRP upon a successful breakout from this pattern. This development is crucial for investors and traders who have been closely monitoring the cryptocurrency market, as it suggests a potential turning point for XRP's price trajectory. The grinding phase is characterized by a period of consolidation and sideways movement, which often precedes a significant price movement. This phase allows for the accumulation of buying pressure, which can fuel a strong upward trend once the breakout occurs. The analyst's target price of $4 represents a significant increase from the current price levels, highlighting the potential for substantial gains for those who enter the market at the right time. However, it is important to note that the cryptocurrency market is highly volatile, and price movements can be unpredictable. Investors should exercise caution and conduct thorough research before making any investment decisions.