XRP News Today: XRP Aims for Double-Digit Surge as Key Resistance Level Approaches

XRP is approaching a pivotal price level that could determine the next phase of its long-term bull cycle. According to prominent crypto analyst Egrag Crypto, the $3.65 level is not just a resistance point but the “Valhalla Gate Key” that could unlock a surge toward double-digit prices ranging between $12 and $23. This analysis is based on a comprehensive macro cycle analysis supported by monthly technical signals that indicate a highly bullish outlook for XRP’s next major move.

Egrag’s analysis divides XRP’s price history into three distinct macro cycles, each marked by clear patterns of cycle bottoms, mid-cycle tops, and final cycle peaks. In the first cycle, which unfolded in 2013, XRP experienced a strong rally followed by a retracement that formed a mid-cycle top. The second cycle introduced what Egrag refers to as the most structurally bullish formation to date, with XRP touching the “blue ribbon” before accelerating to its cycle high. Currently, XRP is within its third cycle. Egrag believes that the price action observed in 2021, although substantial, only represents a mid-cycle top rather than the peak of a new cycle. This is evidenced by the price reaching the upper green ribbon, an indicator on his macro chart, and forming a textbook bullish pennant. This formation is a continuation pattern that often precedes explosive upward movements.

Zooming into the monthly chart, XRP has recently demonstrated strength by bouncing off the 9-period Simple Moving Average (SMA), a key trendline that often acts as dynamic support. XRP’s price has broken out of a bullish pennant pattern, strengthening the case for a continued upward trend. According to Egrag, this breakout, combined with other signals, indicates that XRP is gaining momentum for a substantial price surge. However, the analyst emphasizes that the $3.65 level remains the most critical resistance point. This price represents the mid-cycle top from the current structure, and a confirmed monthly close above it would mark a significant technical and psychological breakthrough. In Egrag’s words, a successful breakout at this level would “open the Bifrost bridge to Valhalla,” indicating the start of XRP’s long-awaited push into double-digit territory.

If XRP does close above $3.65 with strong confirmation, Egrag lays out two potential paths. The more aggressive scenario, based on a full measured move from the bullish pennant, targets a high of $23. A slightly more conservative projection places the upside near $15. In a more restrained setup, even conservative measurements suggest that XRP could still reach between $12 and $16. These targets are rooted in the measured-move technique, which calculates the potential upside by projecting the height of the pennant’s pole onto the breakout area. Importantly, all scenarios depend on whether XRP can sustain a breakout above the $3.65 resistance level.

As of the report time, XRP is trading at $2.94, showing signs of strength but still beneath the key breakout threshold. Broader market sentiment remains cautiously optimistic, with institutional interest in XRP growing amid expanding regulatory clarity in the U.S. and other major jurisdictions. While other analysts have proposed similar double-digit targets using Fibonacci extensions and Elliott Wave theory, Egrag’s macro-cycle model offers a uniquely structured and historically grounded perspective. His framework provides not just potential price levels but also a deeper narrative rooted in XRP’s past cycles and technical evolution.