XRP News Today: XRP Surges 15% to $2.78, Analyst Warns of Potential Retest

Crypto analyst Egrag Crypto has issued a critical warning to XRP holders, highlighting key price zones that have significantly influenced the cryptocurrency's trajectory over recent months. The analysis focuses on the Heavy Demand Zone, which ranges between $1.60 and $2.08, and the Range Support, both of which are pivotal in understanding XRP's price movements.

The strategist's chart marks these zones as crucial for XRP holders to monitor, as they have historically defined the cryptocurrency's price trajectory. The Heavy Demand Zone, in particular, has been a reliable indicator of where buying pressure is likely to intensify, potentially driving the price upwards. Conversely, the Range Support acts as a floor, preventing the price from falling below a certain level.

Egrag Crypto's analysis underscores the importance of these zones for XRP holders, advising them to be vigilant and prepared for potential price movements. The strategist's warning comes at a time when the cryptocurrency market is experiencing heightened volatility, making it essential for investors to stay informed and make strategic decisions.

According to the analyst, the primary focus going forward will be identifying where new support levels will form. Egrag emphasized that “the higher the support, the better,” underscoring the importance of maintaining newly gained price levels above previous resistance. This would indicate market strength and potential for continued upward movement.

The tweet warns that while a breakout above the Heavy Supply Zone has occurred, it is important to remain cautious. Egrag notes that a “throwback”—a retest of previous resistance to confirm it as support—remains a possibility in the coming days. This would be a natural technical step in determining whether the breakout is sustainable.

The most optimistic scenario described by Egrag is a continued surge beyond the green “Heavy Supply Zone,” culminating in what he termed the “Valhalla Phase.” On the chart, this zone lies above the $3.30 level, a price range not seen since XRP’s major peaks. If price action continues beyond this resistance area, it could indicate entry into a longer-term bullish phase for the asset.

The use of the term “Valhalla Phase” represents a culmination of bullish sentiment, where the price breaks free from supply constraints and moves into price discovery. However, Egrag was careful to note that the journey into this phase is contingent upon current levels holding and further confirmation through price behavior early next week.

At the time of the update, XRP was trading around $2.78, having posted significant intraday gains. The move took price above the long-standing resistance line that had kept XRP below key levels since the beginning of 2025. The move above the $2.35 zone is considered an important step in shifting the medium-term trend from neutral to bullish.

The next few trading sessions will be pivotal in determining whether this upward move can be sustained, with a close watch on support levels and potential for a retest.