Analyst Presents XRP’s Atlas Line Hold vs Final Shakeout With 3 Major Price Targets

Crypto analyst Egrag Crypto has presented a detailed technical outlook for XRP, outlining two possible price paths centered on what he describes as the “Atlas Line.”

His analysis, shared on X alongside a multi-year chart, focuses on a potential final downside move versus an immediate breakout, with clearly defined probability zones and invalidation levels.

Atlas Line Structure and Market Positioning

Egrag Crypto’s chart highlights a long-term structure in which XRP continues to respect an ascending support trend, referred to as the Atlas Line. The analyst positions the asset within a compression phase, where price action tightens between support and resistance levels. According to his view, this structure reflects a buildup of pressure rather than a bearish breakdown.

He identifies multiple diagonal resistance lines converging near the current price, suggesting that XRP is approaching a decisive move. The chart also incorporates moving averages and trendlines that reinforce the idea of consolidation following a recent upward impulse.

Probability Zone Points to Potential Drop

A key element of the analysis is the orange “probability zone,” which Egrag Crypto places between $0.70 and $0.80. He states that there is a 60–70% chance that XRP could revisit this range before initiating a larger upward move. The reasoning behind this expectation includes the presence of liquidity below current levels and the need for what he describes as a “final sweep” to complete the compression phase.

He also connects this expectation to historical XRP behavior, noting that previous cycles have included similar patterns where price briefly breaks down before entering expansion phases. This perspective frames the potential drop not as a sign of weakness but as part of a broader structural setup.

$1.80 Identified as Critical Invalidation Level

The analysis emphasizes $1.80 as a decisive level that could alter the projected scenario. Egrag Crypto states that if XRP breaks above and holds this level, the probability of revisiting the orange zone decreases significantly. In that case, he expects the market to transition directly into an expansion phase without a prior dip.

Conversely, rejection at $1.80 would support the likelihood of a move downward into the identified buy zone. This level, therefore, acts as a pivot point between continuation and retracement scenarios within his framework.

Fibonacci Targets Define Macro Outlook

Egrag Crypto outlines three Fibonacci-based price targets derived from different market cycles. These include approximately $6.80, $10.30, and $31.60. He explains that these levels are calculated from macro, mid-cycle, and local structures, covering price action from the 2017 cycle through the 2021 peak and into the current recovery phase.

He stresses that these targets are not arbitrary but represent harmonic projections based on historical price movements across multiple timeframes. This multi-layered approach supports his broader view that XRP remains in a long-term bullish structure.

Macro View Suggests Imminent Breakout

In his concluding remarks, Egrag Crypto maintains that the current formation reflects pressure accumulation rather than weakness. He outlines two possible outcomes: a final downward move into the $0.70–$0.80 range followed by expansion, or an immediate breakout above resistance without revisiting lower levels.

He states that the key uncertainty lies in the starting point of the next move, not in the direction. According to his assessment, the structure indicates that a breakout is approaching, with the market poised to resolve its current compression phase.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Analyst Presents XRP’s Atlas Line Hold vs Final Shakeout With 3 Major Price Targets appeared first on Times Tabloid.