Market analyst EGRAG Crypto has shared a new technical perspective on XRP, suggesting the asset could reach significantly higher prices if it approaches a long-standing resistance level he refers to as the “Chasm line.” His latest update follows XRP’s recent attempts to stabilize above the $3 mark, a key psychological and technical region. Last month, XRP reached a yearly high of $3.66 but later declined to $2.70, failing to maintain momentum. Currently, the asset is attempting to recover and re-establish support above $3 . In this context, EGRAG’s historical trend analysis offers valuable insights into potential long-term trends. The Chasm Line – A Recurring Barrier Since 2014 According to EGRAG , the Chasm line is an upward-sloping resistance trendline on XRP’s monthly chart that has historically restricted its price growth. The line has served as a critical point of resistance in multiple market cycles, with XRP reacting strongly each time it approached this level. #XRP – The Chasm: Touching it , $11 and Surpassing it $37: This is the ‘The Chasm Chart’ https://t.co/40pb8cxpQq pic.twitter.com/vpd66zzAea — EGRAG CRYPTO (@egragcrypto) July 19, 2025 During the 2017–2018 cycle (referred to as Cycle 1), XRP reached a local peak of $0.3988 by May 2017, which coincided with the Chasm line. This resulted in a sharp correction followed by a six-month consolidation period. Eventually, XRP regained momentum, broke above the Chasm line, and surged by approximately 2,000%, reaching an all-time high of $3.31 in January 2018. In the subsequent 2020–2021 cycle (Cycle 2), XRP again approached the Chasm trendline, peaking at $1.96 in April 2021. Although this represented a 420% increase from earlier lows, XRP attempted to breach the resistance line but was unsuccessful, leading to a decline shortly after. Current Cycle and Price Projections Now, in what EGRAG refers to as Cycle 3, XRP is positioned for another potential retest of the Chasm line. The analyst outlines two possible scenarios based on historical price behavior. In a conservative outcome, XRP could repeat the 2021 pattern by only reaching the Chasm line without breaching it. This would represent a 420% gain from its recent price levels, resulting in a projected peak of $11. In a more aggressive scenario, XRP could mirror its 2017 breakout by not only reaching but surpassing the Chasm line. If it were to follow a similar 2,000% price rally, EGRAG estimates a potential price of approximately $37 per token. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Additional Bullish Perspectives from Chart Nerd Supporting the broader bullish outlook, another market analyst known as Chart Nerd recently suggested that XRP has broken out of a bull flag pattern. In his analysis, XRP is currently targeting $15, with interim price levels to monitor. He places the immediate breakout support around $2.60, indicating that sustained support above this level could lead to a continued move toward $8 and eventually $15 if momentum persists. While XRP continues to consolidate around the $3 range, technical analysts remain focused on long-term resistance levels and historical trends. EGRAG’s Chasm line framework provides a data-driven lens to project possible future price points, ranging from $11 in a limited rally to $37 in an extended breakout. Combined with complementary bullish signals, XRP’s next major moves could be shaped by how it interacts with this historical resistance level. 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. Follow us on Twitter , Facebook , Telegram , and Google News The post Top Analyst Predicts $37 XRP, But There’s a Catch appeared first on Times Tabloid .
