Egrag Crypto Gives XRP 5D Chart Update, “What I Am Watching Next”

• XRP trades tightly as analysts monitor structure before confirmed breakout
• Key resistance near $2.30 continues shaping XRP short term direction
• Probability analysis favors upside while patience dominates current XRP market

XRP price action has regained attention following a technical update that outlined critical levels shaping its near-term outlook, as the market remains focused while price continues compressing within a defined structure. Recent trading activity shows XRP moving steadily inside a descending channel on the 5D chart, a formation that has limited upside progress while preventing aggressive downside expansion.

According to prominent analyst Egrag Crypto, the current structure does not suggest distribution, as he described the movement as a controlled correction following an earlier impulse phase. Price ranges have continued to tighten across recent sessions, reflecting declining volatility rather than weakening demand.

Short-Term Signals Under Observation

Egrag Crypto identified the 21 EMA as the first signal requiring confirmation. A sustained close above this level would indicate improving short-term momentum. Just as important, he highlighted the need for a successful retest after any move higher, as holding reclaimed levels would strengthen structural confidence.

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Failure to establish support above the 21 EMA would likely keep XRP trading within its existing range. As a result, recent upside moves remain technically corrective.

Resistance Levels Shape Market Direction

Beyond moving averages, the descending channel resistance near $2.30 remains a decisive barrier that continues to define the broader structure through repeated rejections.

Until price breaks and holds above $2.30, bullish confirmation remains absent, which keeps short-term rallies classified as rebounds rather than breakouts. Market behavior around this level reflects patience rather than urgency, as participants remain focused on confirmation instead of anticipation.

Probability Outlook Anchored in Structure

Egrag Crypto outlined a probability framework grounded in chart structure, assigning a 60% likelihood to an upward breakout once confirmation appears. Under this scenario, the structure opens a technical pathway toward the $3.10 to $3.30 range, aligning with prior liquidity zones on higher timeframes.

Meanwhile, a 30% probability remains for continued consolidation inside the channel, where XRP may trade sideways as momentum stabilizes further. A deeper decline toward $1 was given a 10% probability, with this outcome tied largely to broader market stress rather than XRP-specific weakness.

The 200 EMA continues to act as long-term structural support, with price holding above it preserving the broader trend framework. Volume patterns further support the controlled correction narrative, as current activity shows no signs of panic selling or exhaustion.

With XRP still compressed between support and resistance, traders continue monitoring confirmation levels closely as market direction depends on structural resolution rather than short-term sentiment.

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