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- Analyst EGRAG Crypto says XRP’s “Chasm Line” trendline could determine the next bull run top.
- The key resistance currently sits at $10.3, over 230% above current prices.
- Other analysts see $6–$21 as potential targets depending on market strength.
A prominent market analyst, EGRAG Crypto, has drawn attention to a critical trendline he calls the Chasm Line, suggesting it could determine whether XRP reaches the much-anticipated $10 level. In his latest technical analysis, EGRAG emphasized that while Bitcoin (BTC) continues to lead the broader crypto recovery — recently regaining the $122,000 mark — XRP has struggled to gain momentum, currently trading around $3.02.
According to EGRAG, the Chasm Line has historically marked XRP’s price tops during previous bull cycles, making it one of the most important long-term indicators for the asset’s trajectory.
XRP’s Historical Encounters with the Chasm Line
Reviewing XRP’s multi-cycle price performance, EGRAG highlighted how the altcoin has repeatedly interacted with the Chasm Line before major reversals. During the 2020–2021 bull run, XRP peaked at $1.96 in April 2021 — precisely aligning with the Chasm Line, which signaled the top for that cycle.
Similarly, in the 2017–2018 cycle, XRP first touched the Chasm Line at $0.3988 before breaking past it to reach its all-time high of $3.31 in January 2018. Today, this same ascending trendline sits around $10.3, implying that a retest would require XRP to surge more than 230% from current levels.
If history repeats, the $10.3 mark could represent XRP’s next local top. However, EGRAG also noted that the asset has occasionally broken above the line, suggesting potential for even higher targets if bullish momentum accelerates.
Analysts Split on XRP’s Realistic Price Targets
While EGRAG’s analysis sets $10 as a technically significant level, other analysts have offered broader perspectives. Coach JV echoed the need for patience, warning that XRP’s breakout moment may come swiftly and reward only long-term holders.
Meanwhile, market watcher Mikybull Crypto projected that XRP could climb to between $6 and $10 in a conservative scenario — or as high as $21 if market conditions mirror previous explosive cycles.
Also Read: XRP Whales Add 300M Tokens, Fueling Hopes for a Q4 Rally
The Patience Game for XRP Investors
As XRP hovers near $3, traders remain watchful of the Chasm Line at $10.3 — a price that could mark either the top of this cycle or the beginning of something greater. If the historical trend holds, the next few months could define whether XRP’s long-awaited breakout finally arrives.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
