A drop to 83 cents may be the setup XRP investors have been waiting for.
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Select Egrag Crypto Cryptocurrency Analyst A Falling wedge structure In the XRP price chart spanning nearly nine months, with the token trading around $1.30 after a long decline.
Based on the analysis, XRP The price could fall further before any major recovery – but this bottom could mark the beginning of a sharp move higher, potentially reaching $8.30.
Six painful months
XRP has now posted six straight months of losses, its worst streak since 2014. April is already trending to the downside, down 1.80% in the first days of the month. If it closes in the red, it will be the seventh consecutive monthly loss – the first in the token’s history.
The token peaked at $3.60 in July 2025. Since then, the price has been compressed between two downward sloping lines – a resistance ceiling above and a support floor below. Every time the price reaches either line, it reverses course. This back and forth movement is what defines the wedge pattern.
#XRP – Red chart 🔴:
It’s red…but it offers one of the best buying opportunities and upside potential #XRP.
👉 Close above $1.80 = invalidation of the falling wedge
👉 The intersection of the two red lines is coming = descendingOtherwise:
▫️Bottom target: completely clear →… pic.twitter.com/TcXESiXvzK— Egrag Crypto (@egragcrypto) April 3, 2026
There are two main price levels driving the forecast
EGRAGE table It shows that XRP may first rise to $1.80, where the upper resistance line is located. Reports indicate that this level has rejected previous recovery attempts, most recently in early January 2026 when the price reached $2.41 and then fell sharply. A similar rejection at $1.80 would push the price lower again.
From there, the projected path leads to approximately 83 cents – the point where the wedge’s lower support line meets the long-term uptrend line that the analyst calls the Atlas Line.
This level is described as the main floor of the existing structure. Data from the chart shows that XRP could then bounce above $1.00, drop back to around 91 cents to retest support, and then begin a larger move higher.
If this sequence is executed, the breakout target will reach $8.30.
The wedge has already absorbed several large price swings. During the market sell-off on October 10, 2025, the price of XRP fell from $2.80 to $1.36, touching the lower trend line. the price It bounced from this level. In early February 2026, another decline took the token to $1.11 before support held again.
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Breakout conditions depend on two clear limits
The bullish case has limits. According to Egrag analysis, a close above $1.80 on the upper resistance line would break the wedge pattern and completely cancel the current setup.
On the downside, a drop below the 83 to 91 cent support zone would signal deeper weakness and increase the likelihood of further decline beyond what the chart is currently forecasting.
Featured image from Pexels, chart from TradingView
