Just caught this analysis from egrag crypto on XRP and the setup looks pretty interesting. He's been tracking this descending broadening wedge pattern that's been building pressure for a while now. XRP is sitting around $1.33 right now, and according to the chart structure, we're at a critical compression point.

The way egrag crypto sees it, this isn't just random price movement - there's actual structure here. The pattern shows support holding around $0.9 and resistance up near $3.3. That upper level is key because it's close to where XRP peaked at $3.65 back in 2025. If the price breaks cleanly above $3.3, the next targets he's mapping out are $5, $8, and potentially $13+. Pretty wild upside if it plays out.

What's interesting about egrag crypto's take is how he frames this as an 'expansion machine' - basically the longer XRP stays compressed in this range, the more energy builds up for the eventual move. He's putting odds at around 55-60% for a bullish breakout scenario. There's also a 40-45% chance of a dip below $0.9 first before recovery, which would still be bullish long-term. The only real bearish outcome he sees is maybe 10-15%, and that would require a full structure breakdown.

Not financial advice obviously, but the technical setup does look like something worth watching. The key is whether we get that clean break above $3.3 or if we test support first. Either way, egrag crypto seems pretty convinced the structure is holding.