Crypto analyst EGRAG Crypto has doubled down on his long-term XRP outlook, asserting that the recent price decline successfully retested a multi-year diamond pattern he first highlighted in May. The updated monthly chart, spanning over a decade of price history, shows XRP touching the lower boundary of the diamond structure exactly where the analyst had pointed with an inverted two-week timeframe chart. EGRAG now considers that move as confirmation, not a breakdown, stating that XRP had “unfinished business” at that level before any larger trend could begin.
Simultaneously, Ripple’s RLUSD stablecoin has entered the Japanese market through SBI VC Trade, a regulated exchange with close ties to the finance giant. The launch was cited as a potential signal for institutional adoption, given Japan’s strict digital asset rules and the Type 4 electronic payment instrument approval. However, the announcement came with a caveat: the current RLUSD integration on SBI VC Trade is on Ethereum, leaving the role of the XRP Ledger in this specific rollout unclear. This has raised questions among XRP holders about whether the XRPL will eventually become a settlement layer for RLUSD.
The diamond roadmap remains the central narrative for technical analysts, with the pattern suggesting long-term consolidation before a possible breakout above descending resistance. Projections extend to targets above $5 and eventually beyond $100, though these are purely structural. A decisive break below the diamond support would invalidate the setup, while a sustained move above the upper boundary would strengthen the bullish case. Market participants are now watching whether XRP can hold critical support while the RLUSD expansion develops, as both chart structure and real-world utility could begin to align.
