Despite recent volatility and a price dip, leading market analyst EGRAG Crypto has reiterated that XRP’s bullish structure remains firmly in place. In a chart shared on X, EGRAG highlights a large symmetrical triangle that continues to hold strong, reinforcing his belief that the asset is undergoing a healthy consolidation rather than a breakdown. As of report time, XRP trades around $1.97. While the price has declined slightly from its recent highs, the broader technical outlook remains bullish. According to EGRAG, this price action is unfolding within a symmetrical triangle—a continuation pattern that often signals the next major move when the price breaks out of the formation. The Symmetrical Triangle: A Bullish Setup EGRAG’s chart depicts XRP compressing within the triangle’s boundaries, a pattern that has been developing for several months. This setup typically indicates a pause in the market before a decisive breakout. In XRP’s case, the triangle follows a sharp rally earlier this year, suggesting that a breakout to the upside could be the more probable outcome. #XRP – Anything Happened, The Formation is Still Intact: pic.twitter.com/ZvnT4ps8I1 — EGRAG CRYPTO (@egragcrypto) June 22, 2025 Importantly, XRP continues to respect the triangle’s lower trendline and remains above key moving averages, including the 21-day and 50-day exponential moving averages. These levels are acting as dynamic support, preventing the price from collapsing further. EGRAG emphasizes that as long as XRP holds the $1.70 support level, the bullish structure remains valid. Consolidation or Collapse? Market Sentiment Holds Despite broader market uncertainty, XRP’s current consolidation is viewed as a sign of strength. Rather than reacting to short-term volatility, the asset appears to be building a strong base. The overall sentiment, especially among XRP’s long-term supporters, remains optimistic that this phase will lead to another significant leg up. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Crypto market conditions have been subdued in recent weeks, with macroeconomic concerns and regulatory overhangs tempering enthusiasm. Still, XRP has managed to stay within its bullish formation, showing resilience and consistency. Breakout Timeline and Technical Outlook EGRAG’s triangle pattern appears to converge in the coming weeks, indicating that a major move may be imminent before the end of Q2 2025. Breakouts from such patterns are typically accompanied by increased volume and momentum, often propelling the asset toward new highs if the bullish thesis plays out. In EGRAG’s broader outlook, long-term price channels suggest that a successful breakout could see XRP retest the $3.00 region, with even higher targets possible depending on market conditions and adoption trends. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says This XRP Bullish Formation Is Still Intact appeared first on Times Tabloid .
