Egrag Crypto Spots XRP Last Line of Defense Using This Linear Regression Analysis

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Crypto analyst Egrag Crypto has released a detailed chart analysis of XRP using a linear regression model on a logarithmic scale, alongside what he refers to as the “Bent Fork” zoomed-in version. His latest outlook emphasizes both the macro trend and shorter-term price levels that he views as critical for XRP’s market trajectory.

At present, he highlights $2.90 as the midpoint of the linear log channel, which he views as essential support. He stresses the importance of maintaining price action above this level to preserve the bullish setup.

Defense Levels and Risk Zones

Egrag outlines several defensive levels that he considers crucial to sustaining XRP’s bullish momentum. The first line of defense is at $2.65, where he suggests that while price wicks may occur, a daily close below this level would be problematic for the overall trend.

The last line of defense, in his view, lies at $2.33, which aligns with the 21 EMA on the two-week timeframe. He regards this as a make-or-break level for the prospect of reaching new all-time highs.

He further identifies $1.90 as the bear market line of defense. In his assessment, a close below this point would push XRP into bear market territory. An even deeper threshold exists at $1.62, which he marks as confirmation of a bearish trend if the price closes below the middle arch structure.

Macro Outlook and Cycle Projections

In addition to the zoomed-in analysis, Egrag emphasizes the importance of zooming out to view the broader market cycles. His macro chart highlights three key cycles: 2013, 2018, and a projected cycle peak in 2025. He notes that the current setup aligns with the same structural movements seen in previous cycles, suggesting that XRP could be on track for another major market move.

The upper boundary of the linear log channel, marked in blue, coincides with the projected “white arch,” which he points to as a long-term target zone. This alignment, according to his analysis, reinforces the case for a strong upside potential if XRP sustains key support levels in the near term.

Egrag Crypto’s latest analysis presents a structured view of XRP’s technical positioning within both short-term and long-term contexts. With $3.65 as a decisive breakout level, $2.90 as the midpoint support, and several lines of defense at $2.65, $2.33, and $1.90, his framework highlights the importance of maintaining higher support levels to avoid slipping into bearish territory.

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