The XRP price has pulled back with the rest of the market, but one chart keeps coming up in trader discussions. It is a price channel that has guided XRP since 2014. Some analysts believe this structure still matters today.
The idea comes from analyst EGRAG Crypto. His focus is not short-term price action. He looks at how XRP has behaved inside this channel across multiple cycles.
The XRP price trades near $1.83 after dropping from the $2.41 area. Even after that move, price remains above a rising support line on the monthly chart.
As long as this support holds, the larger structure stays intact. That is why some traders still pay attention to this level, even during market weakness.
What Happened the Last Time XRP Looked Like This
EGRAG points back to 2017. XRP was in a similar position inside the channel, just at much lower prices. From there, price pushed through several resistance levels and reached the top of the channel.
After a pause and pullback, the XRP price ran again. That second move carried price far above the channel and ended near $3.31 in early 2018.
However, if XRP starts moving higher again, several levels stand out. The first is near $4.50. EGRAG sees this as a strong structural level.
Above that sits the $10 zone. Clearing both would place the XRP price near the top of the channel, which is now close to $27.
Where the $200 Number Comes From
The $27 area represents a full cycle peak inside the channel. Beyond that sits the most extreme outcome.
In 2017, the XRP price moved more than six times above the channel top during an extended run. Applying the same math today places an upper target near $200.
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Even the analyst treats this as a low-probability outcome. It would require rare market conditions and a full risk-on environment.
Moreover, this chart does not mean the XRP price will hit $200. It shows that past cycles allowed very large extensions once key levels broke.
The real focus remains on support holding and resistance breaking step by step. The channel offers context for how big moves looked before, not a promise of what comes next.
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