The XRP price action in recent days has been characterized by consolidation below the price level of $ 3. This level, which had acted as support for most of August, It was broken in the inconvenience On August 28, and XRP is now quoted to the price zone of $ 2.8.
The technical analysis shows that the current lateral action should not be confused with weakness, since XRP is now on the way to embark on a upward bouncing movement.
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XRP Consolidation phase trading
The recent XRP price sauce arrives After the asset tested again The price level of $ 3 between August 26 and August 28, which for now has limited its rising impulse. Interestingly, the expansion even more to a larger candle time frame shows that this movement has seen XRP returning to a consolidation zone in which it has been negotiating since the beginning of 2025. Its most recent peak of $ 3.65 in July was an attempt to leave this consolidation zone, but the price of prices prices has seen it return to the area.
According to a technical analysis of The popular XRP analyst Egrag Crypto, the XRP price action is marking a rebound just before the next movement. In its publication on the social media platform X, it referred to the current structure as the consolidation of XRP before the next great movement. His analysis, which was drawn in a 2 -week candle table, shows how XRP approaches the lower trend line of a white area.
Image of the X graph: Egrag Crypto
This white area, as seen in the previous price table, encapsulates the various attempts of XRP to close above its historical maximum of $ 3.40 in 2018. However, this has acted as an order block, and although although XRP has broken above this high price In recent months, it has not yet been closed above the largest deadline.
However, Despite the most recent setback, XRP is still above the lower trend line of the white box. As long as it continues to operate above $ 2.8, it gives the upward merchants the possibility that another leg is higher.
The objectives point to two -digit outbreaks
The 2 -week table shared by Egrag Crypto also Mape the two -digit projections in bold because when the XRP price closes above the white area and consolidation is resolved in favor of bulls.
The prominent price objectives in your analysis are $ 7, $ 11, $ 18 and up to $ 27 in the long term. These levels are based on trend lines with ascending slope in price objectives that date back to 2016.
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The most pressing task For XRP it is to clear the upper limit of the white consolidation zone and establish a decisive closure above the level of $ 3.5 in the 2 -week candlestick. The exact timeline for such movement is currently uncertain, but Egrag’s Crypto’s Chart projects that the configuration broke out at the end of September 29, 2025.
At the time of writing, XRP is quoted at $ 2.83, 0.5% more in the last 24 hours.
Outstanding image of Getty Images, Record of TrainingView