EGRAG CRYPTO’s chart is built around XRP’s 2-month timeframe, which gives a much broader view of the asset’s price structure than the daily or weekly chart. The setup shows the token pressing inside a large ascending triangle-like formation, with price action still sitting far below the upper projected targets.
The analyst’s main argument is that traders may be giving too much importance to the 7-week moving average and the 11 EMA cross, even though these indicators are lagging in nature.
According to the analyst, price leads and indicators follow. That means moving average crosses should not be treated as a standalone confirmation that XRP is already entering a parabolic phase. The weekly chart shared by the analyst shows the altcoin currently trading around the lower end of the larger macro structure, close to the area where the 7W MA and 11 EMA are moving close together.
The chart’s most important visual feature is the broad white triangular pattern that has contained XRP’s macro movement since 2017. The analyst projected a possible “E” phase, implying that the price may still undergo more uncomfortable crashes before the next breakout rally.
A $100 Move Across Multiple Cycles
