XRP is trading near $1.92 as analysts follow a long-term channel structure, with key supporting holdings and price targets ranging from $4.50 to $200.
The long-term structure points to high objectives
Analyst Eggag Crypto shared a long-term chart that charts the asset’s price movements through diagonal channels. These channels follow a pattern that has occurred over several cycles. According to the analyst, XRP has respected these lines over time, both during rallies and pullbacks.
Price targets from the structure vary. The lower breakout target is around $4.50, which Egrag considers a high confidence level. A stronger breakout could extend to $10. In a full market cycle, XRP can reach $27. A more extreme case, linked to the same geometry as in 2017, shows a possible path to $200, although this is labeled as a lower probability outcome.
“This is not hopium. This is geometry, symmetry and structure,” EGRAG said.
On the daily chart, XRP moves in a descending triangle. The support line has remained near $1.77 across several tests, most recently after dropping from $2.41 earlier this month. The price bounced from a low of $1.80 and is now back near $1.92.
Resistance levels to watch are $2.08, $2.28 and $2.43. These correspond with previous response points. The RSI is holding steady at near 45, while the MACD and Stochastic RSI are showing early signs of a possible shift. CW, a technical trader, noted“The trend is turning,” after observing recent changes on Heikin-Ashi candles and momentum indicators.
ChartNerdTA added that XRP is moving between $1.80 and $1.95, calling this a crucial zone. A close below $1.80 could increase downside risk.
“Buy-side liquidity is strong. A break at $1.95 would mean a continuation to $2.10,” they said.
Activity on the chain and on markets
As we reported yesterday, more than 130 million XRP moved to exchanges in January. Binance’s holdings reached 2.74 billion, the highest since November. This caught the attention of market watchers who were monitoring supply and liquidity.
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On the institutional side, spot XRP ETFs posted net inflows of $9.16 million on January 27 (according to SoSoValue data). Since launch, total inflows have reached approximately $1.25 billion, demonstrating continued interest in structured investment access to the cross-border token.
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