Egrag Crypto Spots $11.5 XRP Price Setup

XRP is moving through a tightening structure that could define its next major move.

Crypto analyst EGRAG CRYPTO (@egragcrypto) analyzed a critical shift in how traders should read the current formation. He challenges the interpretation of a rising wedge and instead urges a different perspective.

A closer look at a chart shared by Egrag Crypto reveals that it is upside down, and this turns what appears to be a bearish rising wedge into a bullish falling wedge. This shift reframes the setup and places focus on upside potential rather than breakdown risk.

XRP’s Recent Movement

Price action supports this view. XRP continues to compress within converging trendlines while trading below the 100 EMA. Volatility has tightened, and its price remains locked beneath the $1.8 resistance level.

Each rejection at this level reinforces its importance. The chart also shows XRP recently touching the 222-week moving average, a level that aligned with previous cycle behavior.

Falling Wedge Structure Signals Potential Upside

A falling wedge typically signals accumulation and a potential breakout once resistance breaks. “This is a decision zone, not a trend yet,” he stated, emphasizing that XRP has not confirmed direction.

The wedge’s bottom began forming after XRP’s 500% surge in late 2024 and early 2025. The top began when the asset hit its all-time high in July 2025. The 100 EMA continues to act as dynamic resistance, keeping XRP contained for now.

Break Above $1.8 Opens Path to $11.5

The bullish case depends on a clean break above $1.8. EGRAG CRYPTO assigns a 40-45% probability to this outcome. A confirmed breakout would likely lead to a move toward $3.2, followed by a larger measured move targeting $11.5.

This projection comes directly from the full extension of the falling wedge structure. A breakout would signal a shift in momentum and establish a new trend. XRP would need to hold above the resistance and reclaim the 100 EMA to confirm strength.

Support Near $0.9 Remains Key

The alternative scenario focuses on a move lower before any breakout. The analyst assigns a 35-40% probability to a drop toward $0.9. This level could be a liquidity sweep before a reversal takes place. The chart shows this support aligning with previous consolidation zones. It also sits near the 222-week moving average, which adds technical significance.

XRP has not chosen a direction, but a move into this area would extend the current range and keep the broader structure intact. The falling wedge would remain valid as long as the asset holds within its boundaries.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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