As XRP Faces Key Test, Egrag Crypto Weighs “Wick or Brick” Scenario

XRP could be approaching a decisive point if a historical pattern highlighted by crypto analyst EGRAG CRYPTO (@egragcrypto) plays out again.

The analyst pointed to XRP’s price action in January 2017, when the asset briefly plunged below a major support before beginning a powerful rally. Referring to the move on his chart, he wrote that XRP “printed a brutal wick below the Bifrost Bridge before the real expansion phase began.”

His latest chart compares that period with current market conditions. It places XRP within a long-term ascending channel, labeled the “Bifrost Bridge,” while highlighting a potential retest zone near key support levels. The analyst posed a simple question to followers: “Wick or Brick?”

Two Possible Paths for XRP

The chart focuses on XRP’s position inside a rising macro channel that has guided price action for years. A highlighted area near the current market level marks a key decision zone. According to EGRAG CRYPTO, one possibility involves a sharp downward turn into support. On the chart, this area sits around the green target markers near $0.70 and $0.90.

He described such a move as a potential liquidity sweep before a larger advance. His chart also references a previous wick from early 2017. That move briefly pushed XRP below the lower channel before it reversed and entered a major expansion phase.

The second scenario involves XRP maintaining support and building what the analyst called a “brick structure.” In that case, XRP would remain consolidated above key levels rather than producing a sharp liquidity sweep.

Key Levels Remain in Focus

Several horizontal support and resistance zones appear throughout the chart. XRP currently sits below a marked resistance region near $1.60, which the analyst labels a broken structure area. Above that zone, the chart outlines long-term targets at $9, $13, $20, and $27 within the upper portion of the ascending channel.

These levels represent projected milestones if XRP continues advancing through the structure shown on the chart. The chart also includes future time markers extending into 2028, suggesting that EGRAG CRYPTO views the current setup as a longer-term market cycle rather than a short-term trade.

What Comes Next for XRP?

The analyst made clear that he still favors the possibility of one more volatility-driven move before a larger advance. That view aligns with the highlighted wick scenario shown on the chart. However, he also presented the alternative outcome in which XRP continues building support through consolidation.

For now, the chart places attention on whether XRP revisits lower support levels for a final liquidity sweep or maintains a stronger structure above support.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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