Egrag, the popular French crypto chartist, just published a new XRP price analysis, drawing attention to a few crucial thresholds. With XRP’s price now closely approaching the same liquidity pockets it bounced off in August, 2026, bulls are now monitoring the $1.25 resistance line.
This one is particularly important for XRP’s bulls. A daily close above it would gather fresh buyer strength, the expert argues. Long-term believers have demonstrated a high interest in acquiring XRP tokens around the $1.25 level, trending in a descending price channel, pictured in yellow in the chart below.
Where The $17 XRP Price Theory Makes Sense
On the other hand, the French crypto analyst notes there’s still likelihood of one final downwards wick, taking XRP’s price to retest the $1.01 – $1.07 major demand bubble. The same type of structure appeared during the 2024 – 2025 bull rally. XRP bounced off from a similar formation between $0.43 to $0.77.
It spiked 375% to reach $2.89, then backtracked towards $1.16, delivering the same descending channel. In case XRP’s price would sustain above $1.25, there’s no strong resistance to $1.65, judging from the projected descending channel’s boundaries. If that clears, XRP’s next target is $ 2.10 with a clear path to $3.69.
“$17.60 remains my speculative long-term measured-move target if the historical fractal repeats!”, – loudly noted Egrag, floating a price target that would multiply the current XRP all-time high (ATH) of $3.65 by nearly five times. The only way this theory is jeopardized if the OG altcoin manages to fall below $1.
390% XRP Volume Spike For a Bearish Reason
He takes a more cautious approach to leveraged trading. Rather than entering a leveraged long position immediately, Egrag is waiting for bullish confirmation at the $1.25 range. Other Futures market participants are following a different trend: many XRP bulls have jumped to conclusions about a local bottom and got liquidated.
Judging from the 24-hour stats from CoinGlass, a mouth-dropping $38.8 million out of $40.24 million in liquidations were longs. The excessive-leverage flush-out has shifted the long versus short ratio towards the bearish side too. The short-sellers are outnumbering XRP’s bulls at 0.89. The overall volume spiked by 193% to $3.90 billion.
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