Egrag Crypto Presents XRP Chasm. Here’s What the Chart Says

XRP has returned to a structure that crypto analyst EGRAG CRYPTO (@egragcrypto) describes as the “Chasm,” a long-term channel that has shaped several major price movements across previous market cycles.

In a recent post, he shared a chart that maps possible support zones and future upside targets for the asset. The chart uses XRP’s monthly structure against Fibonacci retracement levels.

It also projects a rising long-term channel with upside targets at $15, $27, and eventually $50 if XRP follows the path shown in the analysis.

XRP Holds Inside the “Chasm” Structure

The chart places XRP inside a large ascending channel that stretches from the early years of trading activity through 2030. Green trendlines form the upper and lower boundaries of the structure, while a red midline represents a major support and resistance for the cycle.

According to the chart, XRP currently trades near the middle section of the channel after the 500% rally in late 2024 pushed it above that trendline. The asset’s price has now retraced and is approaching a cluster of Fibonacci levels between $1.11 and $0.53.

The Battle Zones

EGRAG CRYPTO called these levels the “Fib Battle Zones,” identifying Fib 1 at roughly $1.11 as the “FIRST defense zone.” The chart also marks additional support areas at Fib 1.272 near $0.80, Fib 1.414 near $0.68, and Fib 1.618 near $0.53.

The analyst placed strong focus on the possibility that XRP may already have formed a bottom near the first Fibonacci zone. XRP fell toward this level in early February, and if this is the bottom, the next leg could see XRP rise significantly.

Long-Term Targets Continue Rising

One of the central ideas in the chart is the long-term target path moving upward rather than remaining fixed. A green arrow shows that the target rises over time. This extends through the upper half of the channel toward projected levels at $15, $27, and $50.

The positioning of those targets suggests the analyst expects XRP’s valuation range to expand alongside the channel’s upward slope across the coming years. The chart also shows historical points when XRP previously interacted with the upper boundary, reinforcing the bullish narrative.

Fibonacci Levels Remain the Key Focus

The most important section of the chart now centers on the Fibonacci support cluster. XRP currently trades around the 0.702 retracement area near $1.36 while remaining close to the Fib 1 support region highlighted by the analyst. The structure suggests that holding above the first defense zone could keep the larger bullish channel intact.

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