XRP may be approaching a major technical reversal, according to crypto analyst EGRAG Crypto, who has identified a developing triple-bottom formation near a multiyear ascending support structure. The analyst shared the setup on X, pointing to a potential third bottom forming along a long-term support trendline that has underpinned previous XRP recoveries.
At the time of the analysis, XRP traded around $1.0562 on the weekly Binance chart, reflecting a 5.01% decline. EGRAG Crypto maintained conditional Fibonacci targets of $13, $17, and $27, but stressed that these levels require a confirmed reversal and successful breakouts above key resistance.
Key resistance levels were identified near $1.40 and $2.3152. A sustained breakout above these areas would strengthen the case for further upside, potentially supporting the macro Fibonacci projections. Reaching $13 would represent roughly 1,131% appreciation from $1.0562, while the $27 target would require an increase exceeding 2,450%.
The chart highlights historical bottom formations along XRP’s ascending support trendline, including a double-bottom structure between 2020 and 2021 and higher lows during 2022–2024. The current projected triple-bottom or double-bottom structure extends into the 2026–2027 period. Descending resistance from XRP’s 2018 market peak also remains part of the broader technical structure.
EGRAG Crypto cautioned that the bullish scenario depends on confirmed momentum rather than the pattern alone. A weekly breakdown beneath the ascending support could weaken the triple-bottom setup and threaten the recovery outlook.
