Ripple’s XRP price has pumped 47% in the past seven days to around $1.46, but the token is down 3.4% today as traders lock in profits and leveraged positions unwind. The move comes as Binance
Ripple’s XRP price has pumped 47% in the past seven days to around $1.46, but the token is down 3.4% today as traders lock in profits and leveraged positions unwind.
The move comes as Binance’s XRP Estimated Leverage Ratio (ELR) reached about 0.213 on August 24, its highest level since January.
The ratio had spent much of 2026 between roughly 0.13 and 0.19, showing how quickly derivatives positioning has increased.
Crypto analyst EGRAG CRYPTO is now watching XRP’s macro Relative Strength Index (RSI), and his latest chart points to a potentially much larger momentum phase if key RSI levels hold.
The chart compares XRP’s historical RSI behavior across previous market cycles. The cyan line tracks the RSI, the yellow line represents its moving average, and the grey formations mark recurring periods in which XRP’s momentum moved from a major low into a powerful expansion.
Similar RSI structures appeared around the 2017 and 2021 market cycles, followed by major upside moves in the XRP price. The latest structure shows another deep RSI reset before a potential recovery.
Source: X/EGRAGCRYPTOThe important number on the chart is 47. EGRAG identifies this level as the previous cycle’s bottoming area. His view was that a move from 47 toward 50 would already provide an early sign of improving momentum. The XRP RSI has now moved beyond that initial threshold with more strength than he expected.
The next level is 53, which EGRAG considers the key confirmation zone. The chart marks 50 in red, 47 in blue and 53 with the higher white level. If XRP’s RSI can establish 53 as support, EGRAG maps a potential progression toward 60+, 70 and eventually 80.
That 80 figure is an RSI reading, not an $80 XRP price target. This distinction matters because the chart is measuring momentum, not projecting Ripple’s XRP directly to $80. EGRAG’s earlier macro RSI analysis also identified the 80 region as a major cycle-expansion zone, meaning the indicator would be entering territory associated with powerful bullish phases.
The XRP price is also approaching this technical setup after a major move from the $1 area. Binance historical data shows XRP closed at $1.00 on August 18 before climbing to $1.11 on August 19, $1.27 on August 20, $1.45 on August 21 and $1.52 on August 23. That sequence produced gains of roughly 52% from the August 18 close to the August 23 close.
There is, however, a major risk attached to the rally. Binance’s ELR rising to 0.213 means derivatives traders are using more leverage, and Binance also increased maximum XRP futures leverage from 5x to 10x on August 21. Higher leverage can amplify upside during a rally, but it can also accelerate liquidations if the XRP price reverses.
Related XRP News: XRP Price Could Be Starting a New Trend, Here Are the Next Targets
For Ripple’s XRP price, the next technical test is therefore not simply whether it can keep rising. The bigger question is whether its RSI can hold above 53 after breaking through 50.
If that happens, EGRAG’s 53 → 60+ → 70 → 80 roadmap would indicate a much stronger macro momentum phase. If 53 fails, the latest rally could still face another retest before the larger cycle structure develops.
XRP would need to gain about 37% from $1.46 to reach $2. The analyst’s RSI setup points to further upside if momentum holds above the 53 level.
What does XRP’s rising leverage ratio mean for its priceA higher Binance XRP Estimated Leverage Ratio means traders are taking on more leveraged positions. This can support larger moves but also increase liquidation risk if the XRP price reverses.
What is the 80 level on the XRP chartThe 80 level refers to XRP’s RSI, not an $80 price target. The analyst views a move toward 80 RSI as a potential sign of a much stronger momentum phase.
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The post XRP Price Could Be Entering a Much Bigger Momentum Phase, Analyst Says appeared first on CaptainAltcoin.
