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XRP red chart alert: Weekly breakthrough signals that holders need to pay attention to

2026-07-27 00:59:45
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XRP Red Chart Alert: Weekly Breakout Signals for Holders to Watch

XRP has returned to a technical position that analyst EGRAG CRYSTPTO (@ gragcrypto) believes deserves close attention. The analyst shared a weekly chart outlining a long-term structure that could determine the direction of the asset's next big rally. The chart focuses on major trend lines, moving averages and a key support area, which he believes traders should focus on.

The red trend line is still a key level

A declining red trend line is particularly highlighted in the chart and is marked as a "red line." Since XRP hit a record high in July 2025, prices have been operating below this resistance line. Multiple tests keep this line in focus.

Analysts also marked the blue 50-week moving average and the green 222-week moving average. XRP prices are currently close to these two moving averages as prices continue to compress near the intersection of the upward support trend line and the long-term resistance line. The chart also marks the $1.60 level near the downward resistance line, viewing it as an important area that needs to be regained.

Focus on the Support Area

A white circle marks the current trading area, near the rising support line (called the "Atlas Line" by analysts). According to the chart, XRP continues to stay above this uptrend line and has maintained this state since 2019. At the same time, prices have also been running close to long-term moving averages.

The structure also dates back to a large symmetrical triangle formed between 2021 and late 2024. At the end of 2024, after XRP broke through from this triangle, the increase exceeded 500%. Today, XRP is forming a similar compressed pattern between the downtrend line and the rising Atlas line.

XRP's next target

EGRAG CRYSTPTO draws a predicted path on the chart that extends from the current support area to the top of the chart. If XRP confirms a break through the red resistance line, vertical projection shows $8.30 as a potential upside target.

According to the forecast path, XRP will first break through the resistance area around $1.60 and then accelerate its upward movement. Analysts did not give a specific timetable, but the chart views the trend as the next stage after a successful breakthrough of the current structure.

This technical analysis focuses on the structure itself, rather than short-term price fluctuations. "Men will lie, women will lie, but structures will not lie," analysts said. The next move near the red resistance line will determine whether the chart will follow the forecast path towards the $8.30 target.

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