XRP, $11 Explosion After Final Shakeout?...'Here' Must Be Protected First to Survive

▲ XRP/ChatGPT generated image

A technical analysis suggests that XRP has entered its final shakeout phase before confirming its direction. While short-term pressure remains due to its price structure, the future trend could significantly diverge depending on whether key support and resistance levels are broken.

NewsBTC reported on May 24 (local time) that XRP is in a compression phase, nearing a point where investor patience turns into fear. According to the article, uncertainty has increased in XRP's chart structure, and both key support levels to determine future movements and price levels to confirm a bullish reversal were presented simultaneously.

Popular crypto analyst EGRAG CRYPTO analyzed that XRP has been on a downward path, forming lower highs since the beginning of this year, and the corrective trend has continued since its July 2025 peak of $3.65. EGRAG CRYPTO observed a falling expanding wedge pattern forming on higher timeframe charts.

"This is not a random formation," EGRAG CRYPTO stated. "Historically, such structures often create violent expansions after a final capitulation." According to his chart, this structure indicated a 57% chance of an upward resolution and a 43% chance of further decline. However, the current price action supports a downward movement, leading him to describe the current phase as short-term bearish compression. The assessment also suggested that the larger macro structure remains bullish until the pattern is completely broken.

The most crucial bottom price level on the chart was identified as $1.11. EGRAG CRYPTO viewed $1.11 as a key support level, analyzing that this price point marks the boundary between normal volatility within the structure and a more dangerous breakdown. XRP was trading around $1.36 at the time of writing, falling below its 20-day exponential moving average of $1.391, 50-day exponential moving average of $1.404, and 200-day exponential moving average of $1.684.

Losing $1.11 could further weaken XRP's technical position. According to the article, a break of this support level could open up an extreme 70% drop scenario, leading to $0.32. However, $0.32 was presented not as the analyst's base forecast, but as an example of a liquidity clearing movement that could occur if the falling expanding wedge pattern breaks in the opposite direction.

The bullish scenario, according to the analysis, begins when XRP confirms movement above $3. EGRAG CRYPTO believes the game changes if XRP reclaims price levels above $2.65 to $3 on a weekly or monthly basis. This movement is interpreted as a re-breakout of the upper resistance zone that had been pressing down on the falling expanding wedge pattern.

The U.S. cryptocurrency market structure bill passed the Senate Banking Committee on May 14 and is still awaiting a vote on the Senate floor. According to the article, the bill could attract an additional $4 billion to $8 billion in ETF inflows for XRP, and such fund movements could be the catalyst for XRP to retest those price levels. If XRP reclaims and holds above $3, EGRAG CRYPTO's expansion targets extend to $7 to $11.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*