TLDR
- XRP is trading at $2.73 after losing major support levels at $3, $2.9, and $2.8.
- The token has recorded five consecutive intraday losses and is heading toward a sixth straight day of decline.
- Analyst EGRAG Crypto believes XRP is consolidating before a major rally that could reach $27.
- His chart analysis shows that breaking above $3.6 could trigger a move toward $7 and then higher.
- Analyst CryptoInsightUK notes XRP’s Bitcoin pairing has reached support while RSI shows oversold conditions suggesting a rebound.
XRP has faced continuous losses, but analysts believe the token is consolidating before a stronger upward move. The asset currently trades at $2.73 after losing critical support levels at $3, $2.9, and $2.8. Despite this decline, market experts suggest consolidation could precede a surge toward $27.
XRP Declines Amid Market Slump
XRP has recorded five straight intraday losses, marking its longest losing streak since June. The token now heads toward a sixth losing day, which would be the first such occurrence this year. Market sentiment remains negative as the broader cryptocurrency market also suffers significant downturns.
The digital asset dropped below the $3 level and lost subsequent support at $2.9 and $2.8. This decline places XRP at $2.73, with technical weakness signaling consolidation. However, analysts maintain that the bearish momentum does not rule out upcoming rallies.
EGRAG Crypto sarcastically warned of a price “crash” using an inverted chart earlier this week. He clarified the chart actually projected a major rally. His analysis suggested XRP could eventually reach as high as $27.
#XRP – Consolidation Before The Next BIG MOVE: https://t.co/okzo7AkBHG pic.twitter.com/vrIkrqZNcu
— EGRAG CRYPTO (@egragcrypto) August 30, 2025
Consolidation Channels Shape XRP Outlook
EGRAG presented charts showing multiple long-term trendlines guiding XRP’s behavior over the past decade. He highlighted a channel formed by support and resistance that directed the token since May 2022. This range kept XRP between $0.3 and $0.7 until a breakout in November 2024.
After breaking out, XRP surged to $3.4 in January 2025 before retracing. The token then recovered to $3.66 in July but still trades within consolidation levels. EGRAG maintains that XRP is consolidating before the next significant rally.
The first resistance stands at $3.6, which aligns with a key trendline. A breakout above this level could initiate the next leg up. According to EGRAG, the initial bullish target would be $7, a 157% gain from current prices.
Analysts Identify Possible Bottoms
EGRAG’s bullish targets extend beyond $7, projecting $27 as the ultimate peak. He used Fibonacci extension levels to support this prediction, dismissing lower cycle top expectations around $4. His analysis continues to see $27 as realistic.
Meanwhile, analyst CryptoInsightUK pointed to XRP’s Bitcoin pairing reaching critical support on the 4-hour chart. He noted that this level had flipped from resistance and is now combined with oversold RSI conditions. He argued that this setup has often triggered strong rebounds in previous cycles.
“This may not be the guaranteed bottom, but the case for a rebound remains strong.”
He emphasized that liquidity against the dollar could reinforce stability. Together, these signals suggest XRP may consolidate before a breakout.
