XRP Enters the Consolidation Phase Before the Next Major Breakthrough

The price movement of XRP in the past few days has been characterized by accumulation below the $3 level. This level, which served as support for most of August, was broken downwards on August 28, and XRP is currently trading in the $2.8 zone. Technical Analysis indicates that the current sideways trend should not be mistaken for weakness, as XRP is currently on a bounce back trajectory towards the upside. Trading XRP During the Accumulation Phase The recent fall of XRP occurred after the asset tested the $3 price level from August 26 to 28, which had constrained the growth momentum. Interestingly, expanding to larger candle timeframes shows that this move has brought XRP back into the accumulation zone it has been trading in since early 2025. The most recent peak of $3.65 in July was an attempt to break out of this accumulation zone, but the subsequent bounce back caused it to fall back into this zone. According to the Technical Analysis from the famous analyst Egrag Crypto for XRP, the price of XRP is showing signs of bouncing back right before the next turning point. In a post on the social media platform X, he referred to the current structure as the accumulation of XRP before the next major turning point. His analysis, presented on the 2-week candlestick chart, shows that XRP is approaching the lower trend line of a white zone.

This white zone, as seen in the price chart above, summarizes the various attempts of XRP to close above the all-time high of $3.40 in 2018. However, this zone has acted as a block of orders, and although XRP has surpassed this high price in recent months, it has still not been able to close above that level on a larger time frame. However, despite the most recent correction, XRP remains above the lower trend line of the white box. As long as the price continues to trade above the $2.8 level, optimistic traders are still likely to continue pushing prices higher.

Targeting a Breakthrough in Two Digits The 2-week chart shared by Egrag Crypto also outlines bold double-digit forecasts for when the XRP price will close above the white zone and the consolidation process taking place in favor of the buyers. The price targets highlighted in his analysis are $7, $11, $18, and may even reach $27 in the long term. These levels are based on the upward trend lines of the price targets since 2016. The most urgent task for XRP is to break through the upper boundary of the white consolidation zone and establish a decisive closing level above $3.5 on the 2-week candle. The exact timing for this move is still uncertain, but Egrag Crypto's chart predicts that the breakout will occur around the end of September 29, 2025.