Crypto analyst Egrag Crypto has put out a long-term technical structure for XRP, stating that the asset has entered “Bubble 3,” a critical area that could determine whether the market is prep
Crypto analyst Egrag Crypto has put out a long-term technical structure for XRP, stating that the asset has entered “Bubble 3,” a critical area that could determine whether the market is preparing for another major advance.
In a recent post on X, the analyst said the current phase should be viewed within the context of a broader macro structure rather than through the lens of short-term price fluctuations.
According to Egrag Crypto, the chart reveals a long-term bottoming pattern that has developed through three separate stages, which he referred to as bubbles. He encouraged XRP holders to “zoom out” and focus on the larger picture.
Three Major Phases Identified on the Chart
Egrag Crypto explained that Bubble 1 represented XRP’s first macro base, while Bubble 2 served as a re-accumulation phase. He identified Bubble 3 as the current “launchpad zone,” suggesting that the market has reached a decisive stage.
The accompanying chart, which spans more than a decade of XRP price history, highlights several interactions with the 77 and 111 exponential moving averages. These indicators, shown in magenta and blue respectively, are presented as important elements supporting the structure.
According to the analyst, the immediate questions are straightforward. He asked whether XRP can continue to defend Bubble 3, maintain support above the 77 EMA and 111 EMA, and reclaim the $1.65 level. In his view, success in those areas would open the door to a break above the upper resistance structure.
$15 Target Depends on Structural Confirmation
Egrag Crypto pointed to a large blue arc on the chart that extends toward a projected target of $15. However, he emphasized that such a move would not be driven by optimism alone.
“The blue bent arc points toward $15,” he wrote, adding that the target “is not activated by hope” but by the market structure itself.
He described a sequence that could support the bullish scenario. In that framework, XRP would first need to hold the Bubble 3 region, reclaim the $1.65 zone, and then break above the upper resistance area. If those conditions are met, the blue arc shown on the chart could become what he called a “macro magnet.”
At the same time, the analyst noted that losing Bubble 3 every month would likely mean the market requires additional time before attempting another advance.
Patience Remains Central to the Thesis
Egrag Crypto concluded by stressing the importance of patience and long-term analysis. He suggested that many market participants are focusing on the recent pullback, while a smaller group is paying attention to the broader setup.
Summarizing his view, the analyst stated that structure should take precedence over short-term noise and that patience remains more important than panic. His analysis places significant emphasis on whether XRP can maintain its current technical foundation and reclaim key levels before any larger move toward the projected $15 target can come into focus.
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