On October 20, 2025, Egrag Crypto, a prominent XRP analyst, shared a technical analysis highlighting XRP‘s ongoing struggle within a descending channel, signaling a “grinding battle between bulls and bears,” per. Trading at $2.43 on October 22, 2025, down 1.96% daily with a $144B market cap, XRP has flipped key supply zones into support, including $2.46, which now acts as a buffer amid consolidation, per. Egrag’s chart, based on a 3-week timeframe, identifies the channel’s measured move projecting a target around $2.57, aligning with the upper resistance band at $2.55–$2.65, per. This setup reflects XRP‘s 45% yearly gain but underscores the need for sustained support to avoid deeper pullbacks.
Egrag’s analysis outlines three layered supply zones above the current price, with $2.65 as the macro resistance requiring a decisive break for bullish confirmation, per. Demand support at $2.31 has held firm, defending against declines, while lower clusters at $2.22 and $2.10 provide fallback levels if momentum fades, per. The $2.46 zone, recently flipped from resistance, now serves as immediate support, bolstered by an upward-curving yellow moving average, indicating improving momentum on the daily chart, per. With XRP‘s RSI at 58 and MACD showing bullish divergence, the structure favors buyers if $2.31 holds, but a breach could extend consolidation, per TradingView. This framework echoes historical patterns where flipped resistances sparked rallies, as seen in XRP’s 2017 cycle.
Egrag stresses that a 3-day close above $2.65 would serve as the “ultimate GO-GO signal,” confirming a strong breakout and paving the way for new cycle highs, potentially targeting $3.50–$5 by year-end, per. The chart’s measured channel move reinforces the $2.57 target as a near-term objective, with $2.55–$2.65 acting as the final hurdle, per. Conversely, failure to maintain $2.31 could retest lower demands, risking a slide to $2.10, per. Broader market dynamics, including SEC delays on XRP ETFs until October 2025, add caution, but institutional accumulationevident in $2.64B trading volume—supports the bullish bias, per CoinMarketCap. XRP’s correlation with BTC (0.55) suggests stability if Bitcoin holds $113,000, per.
Egrag’s framework offers a clear roadmap: hold $2.31 for continuation or break $2.65 for acceleration, per. Investors should monitor daily closes via TradingView and ETF updates on sec.gov. Dollar-cost average into XRP with stop-losses below $2.31, or diversify into USDC for stability, per. Projections indicate XRP could reach $5 by 2026 if confirmation occurs, per CoinCodex, but volatility persists with a potential 2.87% dip to $2.36 by October 23, per Changelly. Follow @egragcrypto and @TheBlock__ on X for real-time insights. XRP’s resilience, with 59B circulating supply and Ripple‘s ODL partnerships, positions it for growth if the channel resolves bullishly, per.
