If You Hold XRP, This Is the Single Most Important Price Level to Watch

A compelling new analysis from the well-known crypto analyst EGRAG CRYPTO lays out a highly bullish case for XRP, showing XRP is primed for a major breakout based on several technical patterns

Using a historical metaphor, the analyst compared XRP’s current chart structure to the “Hypaspists,” elite tactical soldiers in Alexander the Great’s army, to illustrate its potential for a swift and precise upward move.

While the token is currently consolidating, trading at $2.18 as of press time, the analyst believes this period of tight price action is a prelude to a significant rally. This bullish outlook is underpinned by specific chart patterns that suggest the token is building strength for a larger move.

Bullish Chart Patterns Signal a Major Rally Ahead

The Hypaspists formation, as described by EGRAG CRYPTO, is described as a tight, calculated formation with explosive breakout potential. Despite recent price pullbacks and minor declines, XRP has held a resilient posture.

The analyst points to a Bull Flag pattern that remains valid even with a retracement to $1.35. This pattern suggests a continued bullish cycle, provided critical support levels hold.

Adding to this outlook is a Double Bottom formation, which typically signals a potential trend reversal from bearish to bullish. The analyst emphasizes that as long as XRP maintains support above the $2.07 level, bulls remain in control.

A decisive close above $2.30 on the 3-day chart would serve as a key confirmation, potentially opening the path toward near-term targets of $2.65 and $3.00, and much higher long-term targets of $17 to $27 in a full-blown bull cycle.

On-Chain Data Presents Signs of Whale Accumulation

While the technical patterns appear constructive, on-chain data from Coinglass reveals a more mixed sentiment.

XRP has experienced consistent net outflows from exchanges between mid-December 2024 and early June 2025, signaling persistent selling pressure.

However, this trend has been punctuated by notable spikes in inflows, including a recent influx of $18.79 million on June 6. Historically, such spikes have preceded price rallies. This suggests that despite the broader outflow trend, strategic accumulation may be occurring at current price levels, hinting at a potential reversal building beneath the surface.

Key Indicators Show Momentum Building for a Breakout

XRP/USD daily price chart, Source: TradingView

Standard technical indicators support a cautiously optimistic view. XRP’s MACD shows a recent bullish crossover, though both the MACD and signal lines remain below zero. This points to weakening bearish momentum and the potential for upward movement if strength continues.

The RSI sits at 44.73, near the neutral zone, indicating consolidation without overbought pressure. Hence, a breakout remains on the table if momentum builds.