Key Insights: Analyst EGRAG Crypto predicts that XRP price may extend short-term downside if it fails to break above $1.65. The analyst predicts a $30 maximum price point if the macro trend r
A fresh XRP price prediction just landed, suggesting the cryptocurrency may face a sizable short-term retreat. XRP has already shown signs of a retracement, which could mark the end of its latest rally.
A crypto analyst using the pseudonym EGRAG Crypto just offered the latest XRP price prediction. According to his analysis, the latest pullback on Tuesday might be the start of a deeper pullback.
Source: EGRAG Crypto
EGRAG Crypto’s XRP price prediction did not offer a definitive price target in the event of further downside. It did, however, note that $1.65 was of interest. His analysis suggested that failure to push above that price could lead to a deeper retracement.
XRP price prediction | Source: EGRAG Crypto
Aside from the gloomy outlook, EGRAG Crypto stuck to his previous XRP price prediction. This includes a maximum upside of around $30.
Beyond the latest XRP price prediction, the market just experienced another sizable pullback. The XRP price, in particular, pulled back to as low as $1.45 on Thursday morning.
This was a 12% retracement from its weekly peak of $1.65 the day before. The same price point that EGRAG Crypto highlighted as part of his short-term XRP price prediction. Nevertheless, the bulls were unwilling to relinquish their dominance, leading to a recovery to $1.52 at press time.
XRP price prediction | Source: TradingView
The slight recovery on Thursday morning underscored elevated volatility and the tussle between the bulls and bears. On-chain data also revealed similar findings.
For example, XRP spot flows experienced a surge in outflows (over $50 million) on Tuesday and Wednesday. However, it also recorded $14.5 million in spot inflows over the last 24 hours.
EGRAG Crypto’s expectations of a deep retracement may have been fueled by the strong surge in XRP exchange inflows. Roughly 77,166 XRP coins flowed onto exchanges between 13 September and 22 September.
XRP exchange reserves | Source: CryptoQuant
In the grand scheme of things, the exchange inflows were minuscule and may not have had much impact on XRP price. However, it underscored a major trend that may signal investors were ready to take profits.
On the one hand, the XRP price was still heavily discounted relative to the 2025 highs. On the other hand, its latest bullish attempts did not manage to exit the consolidation zone where it has been stuck since February.
While these factors reflect the current stalemate in XRP price predictions, there may be a tiebreaker at play.
Evernorth, the largest public XRP treasury company, has announced plans for a NASDAQ listing. Once listed, the company will trade under the ticker XRPN. The company noted that this is a move that the XRP community has been expecting for a decade.
The company’s official announcement revealed that it will not only focus on holding XRP but also expanding its utility. This development means XRP is now among the few coins backed by treasury companies.
It is similar to how Bitcoin has treasury companies such as MicroStrategy. In other words, XRP crypto may benefit from this approach from an institutional demand perspective.
If Evernorth is listed on the NASDAQ, this could be yet another catalyst. However, the actual impact of Evernorth going public will likely be seen in the long term.
This article is for informational purposes only and does not constitute financial or investment advice. Analyst targets are projections and may not materialize.
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