Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
What's Hot

Tether unveils developer grant program to fund on-device AI and open-source payment tools

2026-05-14

Why this could be bullish

2026-05-14

XRP price remains lower as buyers remain on the sidelines

2026-05-14
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tether unveils developer grant program to fund on-device AI and open-source payment tools

    2026-05-14

    Google BigQuery adds support for ZeroG On-Chain data analytics

    2026-05-14

    Ondo brings tokenized US equities to Hyperliquid’s HyperEVM

    2026-05-13

    Ronin moves from independent sidechain to Ethereum layer 2

    2026-05-13

    Chainlink adds 10 new integrations, including Bermuda’s Central Bank and State Street

    2026-05-13
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    CLARITY Act faces more than 100 changes as bankers send 8,000 demand letters against stablecoin rewards

    2026-05-13

    Bank lobbyists battle Clarity Act, saying bill would risk ‘flight from bank deposits’ to payment stability

    2026-05-12

    Het Witte Huis onthult dat Amerikaanse banken ‘weigerden’ bijeenkomsten bij te wonen om het probleem met stablecoin-beloningen in de CLARITY Act op te lossen

    2026-05-11

    Progress on the CLARITY Act markup now depends on these Democratic lawmakers

    2026-05-11

    Authorities abruptly shut down lender in Georgia after second bank failure of 2026

    2026-05-11
  • Analysis

    XRP price remains lower as buyers remain on the sidelines

    2026-05-14

    Dogecoin (DOGE) breaks away from the pack as momentum turns aggressive

    2026-05-14

    Bitcoin price falls further below $80,000 – bears tighten their grip on the market

    2026-05-13

    Trump’s CEO-Packed China Visit Could Decide Whether Bitcoin’s $80,000 Risk Rally Survives This Week

    2026-05-13

    Trump’s CEO-Packed China Visit Could Decide Whether Bitcoin’s $80,000 Risk Rally Survives This Week

    2026-05-13
  • Learn

    AI Agent by Changelly: automated crypto swaps and no-code API integration

    2026-05-13

    Parabolic SAR Crypto Guide: Signals, Settings, and Risks

    2026-05-13

    What Is the Average Directional Index (ADX) in Crypto?

    2026-05-12

    Mean Reversion Trading in Crypto: Strategies, Signals, and Risks

    2026-05-12

    Moving Averages in Crypto Explained: SMA, EMA & Crossovers

    2026-05-12
  • Blog
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Analyst points path back to record high
Altcoins

Analyst points path back to record high

2026-03-18No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

XRP is pushing back against what analyst EGRAG CRYPTO describes as a crucial resistance band, with a new chart claiming the token is entering a decisive technical phase. In the analyst’s framework, the immediate question is whether an ascending triangle forming below “Zone 1” could trigger the next higher part and whether that move could ultimately reopen the path to previous cycle highs.

In one after on The five-day XRP/USD chart shows the price falling below a blue resistance area around $1.65 to $1.70, while a rising lower trendline indicates that buyers have continued to enter dips.

The core of the thesis is simple. According to EGRAG, “The chart says this: An ascending triangle is forming below zone 1 ($1.65-$1.70). Higher lows = buyers are getting in. Resistance flat = liquidity is above. This is classic breakout fuel.”

XRP Price Analysis
XRP Price Analysis, 5 Day Chart | Source:

XRP’s possible path to the ATH

That interpretation is based on a known dynamic in the market structure. An ascending triangle typically reflects repeated buying interest at increasingly higher levels, even as sellers continue to defend a fixed ceiling. According to EGRAG, that ceiling is Zone 1, and the tension area below it creates the pressure.

Related reading

EGRAG does not present the pattern as a guaranteed breakout. Instead, the message assigns explicit probabilities to both paths. “Breakout above zone 1: ~65%. Structure supports continuation. Momentum building with compression,” the analyst wrote. “Rejection/Fakeout: ~35%. If no catalyst → liquidity test first. If the Clarity Act is delayed, rejection becomes the likely scenario.”

Notably, the post repeatedly points to the Clarity Act as the narrative catalyst that could “unlock” a breakthrough above Zone 1. In other words, the triangle can store pressure, but the release still depends on a macro or policy trigger strong enough to force the price through the overhead supply.

See also  Analyst predicts two price scenarios in advance

Related reading

Even then, EGRAG argues that clearing Zone 1 would only be the first step. The post asks what it would take for XRP to reach ‘Zone 2’, marked at around $2.60 and higher on the chart. The answer is more demanding than a single breakout candle.

“Breaking Zone 1 is NOT enough,” EGRAG wrote. “To break Zone 2 ($2.60+) we need institutional flows/ETF-like exposure, BTC stability or a decline in dominance, [and] sustained weekly closes above $1.85-$2.00.”
For now, the analyst’s summary is more measured than euphoric: “Triangle = pressure. Zone 1 = trigger. Zone 2 = expansion. Catalyst starts the move…..Liquidity finishes it.”

That leaves XRP at a crossroads. If buyers can turn the current compression into a clean move by Zone 1, the conversation will quickly shift from pattern recognition to expansion targets. If not, EGRAG’s own framework suggests the market could reduce liquidity first, especially if the Clarity Act doesn’t pass in time.

At the time of writing, XRP was trading at $1.44.

XRP price chart
XRP should now break the 0.618 Fib, 1-week chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Source link

Analyst high path points Record
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why this could be bullish

2026-05-14

Arthur Hayes says Zcash is his largest position outside of Bitcoin

2026-05-14

Dogecoin has only 3 steps to go to a peak above $1, but an important factor is missing

2026-05-13

Previous Bitcoin’s Market Top Was Hidden Behind a Sophisticated Whale Distribution – Analyst Explained

2026-05-13
Add A Comment

Comments are closed.

Top Posts

Hong Kong has a stablecoin licensing regime in mind to strengthen crypto stability

2024-07-17

Bitcoin Consolidates as Sentiment Bursts Again! Recovery up to $100,000 IF…

2026-01-22

If you’ve purchased an NFT in the last two years, you may have an Airdrop waiting for you…

2023-12-21
Editors Picks

Ethereum Foundation launches a bold new push to accelerate the growth of DeFi

2026-02-26

Bitcoin Ordinals Project Runestone Hosts Auction Prior to Airdrop

2024-03-07

How to set up your unstoppable profile

2023-05-13

Pieverse extends x402b payment infrastructure to arbitrage for scalable internet3

2025-11-10

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Tether unveils developer grant program to fund on-device AI and open-source payment tools

Why this could be bullish

XRP price remains lower as buyers remain on the sidelines

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
© 2026 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.