Independent market technician EGRAG CRYPTO posted an updated weekly XRP\/USD chart on X. The visual, built on Bitfinex data, frames the entire post-July 2024 advance by XRP as the flag-pole of a classic bull-flag continuation pattern and argues that the subsequent ten-week drift has traced out a near-textbook, downward-slanted consolidation channel whose upper and lower rails are highlighted in magenta.<\/p>\n
\u201cThe success rate of breaking upwards is around 67\u201370 percent,\u201d the analyst writes<\/a>, citing bulk pattern-recognition studies that underpin the set-up\u2019s statistical edge. XRP is trading near $2.30, a value marked on the chart by a blue dotted horizontal line intersecting the body of the flag.<\/p>\n Beneath that, a white line at $1.50 records the late-2024 breakout shelf that now functions as first higher-time-frame support, while a deeper red horizontal at roughly $0.60 flags the base from which the current cycle began. Threading up through the entire structure is a rising yellow moving average\u2014visually consistent with the 20-week EMA (currently at $2.21)\u2014underscoring what Egrag calls the market\u2019s \u201cstill-positive long-term trend bias.\u201d<\/p>\n From that foundation the technician derives three measured-move objectives. \u201cFor long-term breakouts I prefer logarithmic charts, especially in crypto, because of its exponential growth over short periods,\u201d he explained. On that basis a log-scale projection extrapolates the full height of the flag-pole and lands at $18.00. A linear projection, which treats each dollar of advance equally, prints a markedly lower $5.50. Taking what he describes as a \u201cliquidity-adjusted average \u2014 my preferred method for crypto targets,\u201d Egrag settles on $11.75.<\/p>\n Because digital-asset order books remain relatively thin, the analyst overlays a variability band of fifteen to twenty percent, stretching the log target to roughly $20.70\u2013$21.60, the average to $13.51\u2013$14.10 and the linear to $6.33\u2013$6.60. \u201cI usually apply a 15\u201320 percent variability because crypto liquidity is still smaller compared to legacy markets, so targets can extend both ways,\u201d he cautioned.<\/p>\n A disclaimer printed directly on the graphic reiterates that the numbers and targets are \u201cfor simulation purposes only and not financial advice.\u201d Even so, the roadmap<\/a> is clear for Egrag: so long as XRP defends the mid-flag zone near $2.30 and, critically, the structural pivot at $1.50, the technician contends that an eventual breakout could vault the token into double-digit territory<\/a>, with the headline log objective sitting just beneath the psychologically resonant $20 handle.<\/p>\n