Market expert EGRAG Crypto has suggested that XRP could claim a double-digit price if it touched what he calls the “Chasm line.”
His latest market analysis comes as XRP struggles to recover and hold above the $3 psychological mark. Notably, after reaching a new yearly top of $3.66 last month, XRP slumped considerably, dropping to $2.7 this month, as it relinquished the $3 region.
However, XRP appears to be recovering above $3, as the bulls fight to maintain this region. Amid this struggle, EGRAG is already projecting where the XRP price could head when a full-blown recovery takes effect. In a recent analysis, he introduced what he calls “The Chasm,” an ascending trendline that has acted as major resistance for XRP price since 2014.
Instances Where XRP Tested the Chasm Trendline
Data from EGRAG’s monthly chart shows that this trendline has often impeded XRP’s growth prospects, and a break above it typically leads to higher price levels. Notably, the market felt the impact of the line’s resistance in each of the last two cycles, with varying reactions to it.
Specifically, during the 2017/2018 cycle, which EGRAG calls Cycle 1, XRP first rallied to a $0.3988 peak by May 2017, representing a new all-time high at the time. However, this $0.3988 peak coincided with the resistance at the “Chasm,” leading to a sharp correction and then a consolidation phase.
After spending six months in the consolidation phase, XRP recovered to again test the resistance at the Chasm. Interestingly, this second attempt was successful, as XRP broke above the Chasm trendline, rising 2,000% to a new all-time high of around $3.31 in January 2018.
Meanwhile, during the 2020/2021 cycle, which EGRAG labels Cycle 2, XRP made a similar effort to breach the Chasm line. However, it only made one attempt, hitting a resistance point of $1.96 in April 2021, which coincided with the trendline. This marked a 420% increase, with XRP unable to break further.
Could XRP Breach the Trendline This Time?
Today, XRP is again eyeing a retest of the Chasm trendline, and EGRAG has identified two possible outcomes in what he calls Cycle 3.
According to the market analyst, if XRP mirrors the 2021 attempt, and only “touches” the Chasm trendline, its price would jump 420% to a new all-time high of $11. Notably, this would mark the worst-case scenario where XRP fails to breach the resistance at the Chasm line.
However, if XRP follows the 2017/2018 attempt instead, EGRAG’s chart suggests its price could rise by 2,000% to a more audacious peak of $37. This would mark the best-case scenario, where XRP not just touches but also breaches the Chasm trendline like it did in 2017.
Meanwhile, speaking on XRP’s current market position, analyst Chart Nerd also presented a bullish scenario, suggesting XRP recently broke above a bull flag and could be eyeing a target of around $15. According to him, with XRP trading for $3, its breakout support sits at $2.6. Once it confirms this support, the next immediate target is $8.
It's pretty simple. $XRP bullflag with a breakout target towards $14/15. Current support on this correction sits between $2.60/40. Once support is confirmed, the next push is towards $8 on this journey. pic.twitter.com/RyvZabZZlC
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) August 6, 2025
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