Bitcoin (BTC) analyst EGRAG CRYPTO outlined a multi-year triangle pattern for XRP that signals a potential major breakout, even as short-term price action remains under pressure. The asset is trading near $1.84, struggling to reclaim key resistance levels while macro structure continues to develop.
What Happened: Multi-Year Pattern
EGRAG CRYPTO published analysis showing XRP trapped in a massive triangle formation on the 2-month timeframe, a structure that has been building for years. The analyst, who identified this setup early, said the pattern represents "a definitive roadmap" rather than random volatility.
The formation is approaching its apex, indicating a major move is being prepared. EGRAG emphasized the analysis is based on "disciplined interpretation of long-term price action" rather than speculation.
The analyst provided a tiered roadmap designed to guide investors through potential breakout phases as XRP exits what he called a "historic consolidation pattern."
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Why It Matters: Technical Crossroads
Analyst Umair Crypto noted the double-bottom structure on the 4-hour chart is failing to gain traction despite a bounce from $1.84. The level aligns with the golden pocket of the $1.772–$1.962 Fibonacci retracement zone.
Price needs to close above $1.96 to flip daily RSI trendlines and begin regaining bullish momentum.
The critical resistance sits at $2.00, where a breakout would reclaim the daily 50 SMA.
Until those thresholds are recovered, the outlook remains bearish with risk of lower lows, according to Umair Crypto. The asset is vulnerable to further downside as long as buyers fail to assert control above key resistance levels.
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