XRP is about to break out: Egrag Crypto highlights key levels

In the context of XRP's price remaining uncertain, technical analysts are still heavily focused on potential breakout points that could determine the next major move of this asset. EGRAG CRYPTO (@egragcrypto), a renowned market analyst, recently published a detailed chart highlighting several key levels that the digital asset must break out of to change its trajectory. The chart highlights the recurring price pattern that has existed for several months. Price action remains compressed within a descending wedge, with XRP continuously testing the key support zone that has become the battleground for bulls and bears. EGRAG CRYPTO labels this area between $1.9 and $2.1 as the range that the asset must retest, as it has provided stability multiple times. However, he warns that losing the support line at $1.43 could lead to a major collapse.

The main breakout level of XRP has been identified. Although the risks are clear, the analysis also provides a blueprint for a continued price increase. The first important breakout level is $2.22, a figure that EGRAG describes as signaling "a potential bullish move." This level indicates the upper boundary of the horizontal resistance zone that EGRAG CRYPTO previously highlighted and XRP has struggled to reclaim. Price fluctuations along this path will signal the beginning of a bullish reversal in the context of a larger wedge formation. In addition to the initial breakout level at $2.22, the chart indicates that $2.35 is a key confirmation level. According to the analyst, a move above this area would be a "real boost showing strength and momentum is building." This area acts as a filter, separating minor bullish moves from broader bullish trend reversals. The macro breakout target XRP The broader technical picture also emphasizes that the $2.65 level is a macro breakout level. The analyst continuously reiterates this target and believes that this is the "key area for long-term strength." Reclaiming this level not only marks a decisive change in the local trend but also positions XRP for a price increase to much higher targets. Notably, the technical setup shows that XRP is compressing between descending resistance lines and a horizontal support zone. This structure aligns with traditional wedge patterns, which often lead to breakout volatility when the price escapes from the narrowing range. XRP is currently trading at $2.18 and the forecast time on the chart indicates that the end of July 2025 is a potential turning point. EGRAG CRYPTO has predicted that XRP will reach its peak price in this cycle on July 21, and the current setup seems to be heading towards this date.