Egrag Crypto Sends Important Warning to XRP Holders, Shares Key Price Levels

In a post on X, cryptocurrency analyst Egrag Crypto has issued a technical analysis update for XRP, noting that the asset has reached a critical resistance level identified as the "Major Supply Zone." The accompanying chart illustrates the breakout from a prolonged consolidation phase within a clearly defined range, bounded by the "Range Support" and "Range Resistance" zones. This breakout occurs after XRP holds steady above the $2.08 level, which Egrag had previously marked as a key support point. This breakout signals a change in the price structure, indicating that the upward momentum is increasing after several months of sideways volatility. The chart marks key areas that have shaped the price trajectory of XRP in recent months, such as the Major Demand Zone (High Demand Zone) between $1.60 and $2.08, the Range Support Zone (Range Support Zone) slightly above this area, and the Range Resistance Zone (Range Resistance Zone) in yellow, which has now been broken around $2.35. XRP Supports Formation And Continues Warning According to analysts, the main focus in the coming time will be to determine where the new support levels will form. Egrag emphasized that "the higher the support level, the better," highlighting the importance of maintaining the new price achieved above the previous resistance level. This will indicate market strength and the potential for continued growth. The tweet warns that although there has been a breakout above the Heavy Supply Zone, it is important to exercise caution. Egrag notes that the potential for a "throwback" - retesting the previous resistance level to confirm it as a support level - could still occur in the coming days. This would be a natural technical step to determine whether the breakout is sustainable.

XRP Aims for Valhalla Stage The most optimistic scenario described by Egrag is a continuous price increase surpassing the "Heavy Supply Zone" marked in green, reaching a peak that he calls the "Valhalla Stage." On the chart, this area lies above the $3.30 level, a price range not seen since the major peaks of XRP. If the price continues to break through this resistance level, it could indicate the onset of a longer-term bullish phase for the asset. The use of the term "Valhalla Phase" signifies the peak of bullish sentiment, when the price breaks free from supply constraints and enters a price discovery phase. However, Egrag cautiously notes that the journey into this phase depends on maintaining the current price level and further confirmation through price behavior at the beginning of next week. As of the update, XRP is trading around $2.78, marking a significant increase on the day. This move has pushed the price above a long-standing resistance level, which has kept XRP below important levels since the beginning of 2025. Surpassing the $2.35 area is seen as a crucial step in shifting the medium-term trend from neutral to bullish. A few upcoming trades will play a crucial role in determining whether this upward momentum can be sustained, with close monitoring of support levels and the possibility of a retest.