XRP Could Retest $2.30 After 33% Rally, Says Crypto Expert

XRP has recently completed a strong upward move and may soon enter a short-term correction phase, according to chart analyst EGRAG Crypto.

In a detailed post, the trader highlights a recurring pattern of “hammer” candle formations that have historically led to significant price jumps, averaging 33% gains.

Using a five-day XRP/USD chart, EGRAG identifies four major bullish hammer setups that each triggered strong rallies:

• Candle 1: +25%
• Candle 2: +38%
• Candle 3: +38%
• Candle 4 (current): +33%

The recent breakout pushed XRP toward the $2.70–$2.80 zone, in line with the projected pump. EGRAG now expects a “throwback” move — a typical pullback to retest previous resistance — likely targeting the $2.30 region. This level is marked by trendline confluence and the point of breakout validation.

“This current move mirrors previous setups nearly identically,” EGRAG noted, adding that hammer candles preceded each rally. “The technicals suggest we’re entering the retest zone now.”

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Despite the expected pullback, the broader outlook remains bullish. The analyst emphasizes that a successful retest around $2.30 could form a new base for further upside, possibly leading to a continuation of the rally. Fibonacci extension levels above $3.40 and even $4.00 are still in play, provided market structure holds.

EGRAG warns that not all analysts forecast forward-looking scenarios, urging followers to distinguish between reactive commentary and predictive frameworks. With historical behavior repeating and technical patterns aligning, the $2.30 zone may be crucial for XRP’s next major move.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.