The price action of XRP in recent days is characterized by consolidation below the price level of $ 3. This level, which had acted as support most of August, was broken at the disadvantage On August 28 and XRP, it is now being traded at the $ 2.8 price zone.
Technical analysis shows that the current Sideways promotion should not be since weakness, because XRP is now on its way to start a rebound movement to the benefit.
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XRP trade in consolidation phase
XRP’s recent price dip is coming After it has been actively recovered The price level of $ 3 between August 26 and August 28, which has closed his upward momentum for now. Interestingly, it is further expanding to a larger candlestick time confirmation that this movement has seen that XRP has become back to a consolidation zone in which it has been traded since the beginning of 2025.
According to to a technical analysis of The popular XRP analyst Egrag Crypto, the price action of XRP marks a bouncing just before the next step. In his message on the social media platform X, he referred to the current structure as the consolidation of XRP before the next big move. His analysis, which was deported on a 2 -week candlestick, shows how XRP is approaching the lower trend line of a white zone.
Graphic image of X: Egrag Crypto
This white zone, as seen in the above price diagram, collects the various attempts from XRP to close above his 2018 all time high from $ 3.40. However, this has worked an order block, and although XRP is high above this price In recent months it has not yet been to include it on the larger time frame.
Anyway, Despite the most recent pullback, XRP is still above the lower trend line of the white box. As long as it continues to act above $ 2.8, bullish traders increases the possibility of another leg higher.
Goals indicate two -digit pimples
The 2 -week graph shared by Egrag Crypto too Daring -to -daring projections with double digits Because when the XRP price closes above the white zone and solves consolidation in favor of the bulls.
The price goals that are emphasized in its analysis are at $ 7, $ 11, $ 18 and as high as $ 27 in the longer term. These levels are based on upwardly sloping trend lines about price goals that are already going in 2016.
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The most urgent task Because XRP is to erase the upper limit of the white consolidation zone and to establish a decisive conclusion of $ 3.5 on the 2 -week candlestick. The exact timeline for such a movement is currently uncertain, but the graph of Egrag Crypto projects the arrangement around the end of September 29, 2025.
At the time of writing, XRP acts at $ 2.83, an increase of 0.5% in the last 24 hours.
Featured image of Getty Images, Graph of TradingView