XRP may drop to $0.83 before $8.30 breakout, analyst says
Egrag Crypto charts a nine-month falling wedge on XRP. He sees a possible drop to $0.83 before a breakout toward $8.30.
The token trades near $1.30 after a prolonged slide. The pattern is a classic falling wedge per the analyst’s post and chart on X and here.
XRP has printed six straight red months, the worst run since 2014. April is down 1.80% early, putting a seventh monthly loss in play if it closes red. The token topped at $3.60 in July 2025, then moved within two descending lines.
Egrag points to two levels that drive the setup.
- $1.80 resistance on the upper wedge line. A close above invalidates the wedge and cancels the scenario source.
- 83–91¢ support where the lower wedge meets the “Atlas Line.” A break below implies deeper weakness beyond the current map source.
His path: a push to $1.80, a rejection, then a drop to ~$0.83. A bounce above $1.00, a retest near $0.91, and then a larger move up toward $8.30 if the wedge breaks upward chart.
The wedge has absorbed sharp swings. On Oct 10, 2025, price fell from $2.80 to $1.36 and rebounded at the lower trendline. In early Feb 2026, it dropped to $1.11 and held support price history.
Headline: Egrag Crypto maps $0.83 floor and $8.30 target for XRP after six red months
