A drop to 83 cents could be the setup XRP investors have been waiting for.<\/p>\n
Related Reading<\/span><\/h2>\n<\/p>\nCrypto analyst Egrag Crypto has identified a falling wedge structure<\/a> in XRP\u2019s price chart that spans nearly nine months, with the token trading around $1.30 after a prolonged slide.<\/p>\nBased on the analysis, XRP<\/a> may fall further before any significant recovery \u2014 but that bottom could mark the start of a sharp move higher, potentially reaching $8.30.<\/p>\nSix Painful Months<\/h2>\n
XRP has now posted six straight months of losses, its worst such run since 2014. April is already trending negative, down 1.80% in the first days of the month. If it closes in the red, it would be the seventh consecutive monthly loss \u2014 a first in the token\u2019s history.<\/p>\n
The token peaked at $3.60 in July 2025. Since then, the price has been compressed between two downward-sloping lines \u2014 a resistance ceiling above and a support floor below. Each time the price has hit either line, it has reversed course. That back-and-forth movement is what defines the wedge pattern.<\/p>\n
\n#XRP<\/a> \u2013 The RED Chart \ud83d\udd34:<\/p>\nIt\u2019s red\u2026 but it\u2019s offering one of the best buying opportunities and upside potential for #XRP<\/a>.<\/p>\n\ud83d\udc49 Closing above $1.80 = invalidation of the falling wedge
\ud83d\udc49Cross of the 2 red lines is coming = Bearish<\/p>\n
Otherwise:
\u25ab\ufe0fBottom target: crystal clear \u2192\u2026 pic.twitter.com\/TcXESiXvzK<\/a><\/p>\n\u2014 EGRAG CRYPTO (@egragcrypto) April 3, 2026<\/a><\/p>\n<\/blockquote>\nTwo Key Price Levels Are Driving The Outlook<\/h2>\n
Egrag\u2019s chart<\/a> shows XRP may first push up to $1.80, where the upper resistance line sits. Reports indicate that level has rejected previous recovery attempts, most recently in early January 2026 when the price hit $2.41 and pulled back sharply. A similar rejection at $1.80 would send the price downward again.<\/p>\nFrom there, the projected path leads to approximately 83 cents \u2014 the point where the wedge\u2019s lower support line meets a long-term upward trendline the analyst calls the Atlas Line.<\/p>\n![](\"https:\/\/www.tradingview.com\/x\/R3KhiBi8\/\")
XRPUSD currently trading at $1.30. Chart: TradingView<\/a><\/figcaption><\/figure>\nThat level is described as the major floor for the current structure. Data from the chart shows XRP could then bounce back above $1.00, dip once more to around 91 cents to retest support, and then begin a larger move upward.<\/p>\n
If that sequence plays out, the breakout target lands at $8.30.<\/p>\n
The wedge has already absorbed several significant price swings. During a market selloff on October 10, 2025, XRP fell from $2.80 down to $1.36, touching the lower trendline. The price<\/a> bounced from that level. In early February 2026, another drop brought the token to $1.11 before support held again.<\/p>\nRelated Reading<\/span><\/h2>\n<\/p>\nBreakout Conditions Depend On Two Clear Boundaries<\/h3>\n
The bullish case has limits. According to Egrag\u2019s analysis, a close above $1.80 on the upper resistance line would break the wedge pattern and cancel the current setup entirely.<\/p>\n
On the downside, a drop below the 83-to-91-cent support zone would point to deeper weakness and raise the possibility of further decline beyond what the chart currently projects.<\/p>\n
Featured image from Pexels, chart from TradingView<\/em><\/p>\n<\/div>\n
Based on the analysis, XRP<\/a> may fall further before any significant recovery \u2014 but that bottom could mark the start of a sharp move higher, potentially reaching $8.30.<\/p>\n XRP has now posted six straight months of losses, its worst such run since 2014. April is already trending negative, down 1.80% in the first days of the month. If it closes in the red, it would be the seventh consecutive monthly loss \u2014 a first in the token\u2019s history.<\/p>\n The token peaked at $3.60 in July 2025. Since then, the price has been compressed between two downward-sloping lines \u2014 a resistance ceiling above and a support floor below. Each time the price has hit either line, it has reversed course. That back-and-forth movement is what defines the wedge pattern.<\/p>\n #XRP<\/a> \u2013 The RED Chart \ud83d\udd34:<\/p>\n It\u2019s red\u2026 but it\u2019s offering one of the best buying opportunities and upside potential for #XRP<\/a>.<\/p>\n \ud83d\udc49 Closing above $1.80 = invalidation of the falling wedge Otherwise: \u2014 EGRAG CRYPTO (@egragcrypto) April 3, 2026<\/a><\/p>\n<\/blockquote>\n Egrag\u2019s chart<\/a> shows XRP may first push up to $1.80, where the upper resistance line sits. Reports indicate that level has rejected previous recovery attempts, most recently in early January 2026 when the price hit $2.41 and pulled back sharply. A similar rejection at $1.80 would send the price downward again.<\/p>\n From there, the projected path leads to approximately 83 cents \u2014 the point where the wedge\u2019s lower support line meets a long-term upward trendline the analyst calls the Atlas Line.<\/p>\n That level is described as the major floor for the current structure. Data from the chart shows XRP could then bounce back above $1.00, dip once more to around 91 cents to retest support, and then begin a larger move upward.<\/p>\n If that sequence plays out, the breakout target lands at $8.30.<\/p>\n The wedge has already absorbed several significant price swings. During a market selloff on October 10, 2025, XRP fell from $2.80 down to $1.36, touching the lower trendline. The price<\/a> bounced from that level. In early February 2026, another drop brought the token to $1.11 before support held again.<\/p>\n The bullish case has limits. According to Egrag\u2019s analysis, a close above $1.80 on the upper resistance line would break the wedge pattern and cancel the current setup entirely.<\/p>\n On the downside, a drop below the 83-to-91-cent support zone would point to deeper weakness and raise the possibility of further decline beyond what the chart currently projects.<\/p>\n Featured image from Pexels, chart from TradingView<\/em><\/p>\n<\/div>\nSix Painful Months<\/h2>\n
\n
\ud83d\udc49Cross of the 2 red lines is coming = Bearish<\/p>\n
\u25ab\ufe0fBottom target: crystal clear \u2192\u2026 pic.twitter.com\/TcXESiXvzK<\/a><\/p>\nTwo Key Price Levels Are Driving The Outlook<\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n
Breakout Conditions Depend On Two Clear Boundaries<\/h3>\n