Egrag Crypto Spots XRP's Long-Term 'White Bridge' Price Structure

Crypto analyst Egrag Crypto has identified a long-term price structure in XRP's monthly chart, labeling it the 'White Bridge'. He projects three key price levels: $1.70, $6.40, and $30, with the latter representing a macro target. Egrag Crypto's analysis focuses on the chart's recurring pattern, where XRP has historically 'touched' and 'bounced' off the structure.

He urged traders to ignore XRP's fundamentals and focus solely on the monthly chart, arguing that the chart itself shows a significant long-term trend. Egrag Crypto's chart tracks XRP's monthly price action and shows two major trendlines converging over time. He marked several areas where XRP approached the structure and subsequently moved higher.

The analyst emphasized that his analysis is based on the monthly macro structure, rather than short-term candles. He also suggested that traders could apply the same technical setup to an asset with no link to XRP and still find the chart worth watching.