XRP is consolidating within a narrow trading corridor, setting the stage for a breakout that could shape its short-term trajectory. According to renowned crypto analyst Egrag Crypto, the critical range to watch lies between $2.65 and $3.65, with movements beyond these levels likely to spark significant momentum in either direction.

XRP Trades in Tight Macro Range

In his latest post on social media platform X, Egrag defined the macro structure for XRP, mapping out a decisive zone bounded by support at $2.65 and resistance at $3.65. The $2.65 level is seen as the potential termination point of a five-wave corrective structure, while $3.65 is tagged as a key resistance that could mark a bullish shift if broken.

At the time of writing, XRP is priced at $3.02, reflecting a modest 1.5% 24-hour gain. Despite this uptick, the asset remains down 3.9% on the week and has dropped 11.7% over the past month, signaling enduring selling pressure.

Eyes on Immediate Support at $2.90

Egrag emphasized the importance of the $2.90 support, noting that a four-hour candle close below this level could trigger a deeper correction toward $2.65. This critical support was last approached on August 3 when XRP reached $2.74. Volume indicators have also shown increased trading activity during recent declines, suggesting heightened market participation.

Chart analysis showing XRP’s current trading corridor as defined by Egrag Crypto

Resistance Levels That Could Trigger Upside

Should XRP maintain support above $2.90 and continue upward, several layers of resistance come into focus. The first psychological hurdle is the $3 mark, which XRP has now surpassed. Next are $3.13 and then $3.20, according to Egrag. A close above $3.20 could bolster buyer confidence and weaken bearish sentiment.

Beyond that, resistance near $3.45—tied to an early August peak—becomes the next critical test. Successfully surpassing $3.45 would open the door to the $3.65 ceiling. Egrag suggested that a breakout above this upper boundary could launch a new rally, potentially driving XRP to fresh all-time highs. Just last week, Egrag forecasted a 777% rally to $28, citing historical fractals.

What Happens if Support Breaks?

On the flip side, if XRP slips below $2.65, the next area of technical support is found at $2.34. A move to this level would suggest a deeper correction and confirm an extension of the bear phase.

Other Analysts Weigh In

Additional voices in the crypto analytics space are cautiously optimistic about XRP’s short-term prospects. Analyst Crypto Tony noted that XRP remains on solid footing as long as it holds weekly support around the $3 level. He encouraged market participants to remain patient, pointing out that the price structure established in July continues to support potential gains.

Similarly, Crypto King projected a possible price range of $4.5 to $5.0, aligning his views with those of another analyst, Albie, who forecasted this target for Q2 2026.

Technical analysis showing a wedge formation that could support XRP’s long-term upward momentum

Related: XRP Price: $12M Max Pain for Bears

Crypto King also highlighted a long-term wedge pattern that points to extended bullish momentum. He reminded followers of his impressive long position, entered at $0.80 ten months ago, now delivering over 270% in gains. With technical setups indicating further strength, XRP’s upward move may just be getting started.