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XRP price has pulled back from its recent move toward $1.70, but EGRAG CRYPTO believes something far more important is developing on the longer timeframe.
His latest <a href="https://captainaltcoin.com/xrp-vs-xlm-vs-hbar-which-one-are-banks-actually-choosing-in-2026/" rel="noopener noreferrer nofollow">XRP chart focuses</a> on the Gaussian Channel on the 2 week timeframe. Previous XRP cycles followed a familiar pattern around this indicator before major price expansions. The current cycle has broken that pattern in one important way, and EGRAG believes that difference deserves close attention.
His chart also places <a href="https://captainaltcoin.com/ripple-xrp-price-prediction/" rel="noopener noreferrer nofollow">XRP</a> inside a much larger ascending structure, with $1.83 standing between the current XRP price and projected targets of roughly $5, $8, and $13.
The interesting part starts with what happened during previous cycles and what has failed to happen this time.
<h2 class="wp-block-heading" id="xrp-price-is-breaking-a-historical-gaussian-channel-pattern">XRP Price Is Breaking A Historical Gaussian Channel Pattern</h2>
EGRAG CRYPTO’s chart goes back more than 10 years, which makes it possible to compare the current XRP price structure with several previous market cycles.
The green and red areas across the chart represent the Gaussian Channel. <a href="https://x.com/egragcrypto/status/2093226525038432557?s=20" rel="noopener noreferrer nofollow">EGRAG specifically</a> marks periods when the channel turned red after XRP moved through important phases of its broader cycle.
Those red periods appeared around 2016, 2020, and again around 2023 and 2024.
Each period came after XRP had already moved through an earlier part of its market cycle. More importantly, the chart shows XRP eventually returning to green before its next major expansion.
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 @egragcrypto / X
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The current setup looks different. EGRAG has placed a large “No Red” label beside the latest structure. XRP has pulled back substantially from its recent highs, but the Gaussian Channel has remained green on the 2 week timeframe.
That is the unusual development behind his claim.
Previous comparable periods produced a red phase before XRP entered another major expansion. The current cycle has so far avoided that red phase completely.
EGRAG therefore asks whether this cycle could behave differently from previous ones.
The distinction matters because <a href="https://www.tradingview.com/script/erJi1tWf-Gaussian-Channel-Strategy/" rel="noopener noreferrer nofollow">the Gaussian Channe</a>l is being examined on a 2 week chart. Short term XRP price swings have much less influence on this type of setup than they would on an hourly or daily indicator.
A temporary decline toward $1.37 therefore does not automatically damage EGRAG’s larger argument. His thesis depends on whether the 2 week Gaussian Channel remains green as XRP works through the current correction.
<h2 class="wp-block-heading" id="egrag-s-xrp-chart-shows-why-the-1-83-level-matters">EGRAG’s XRP Chart Shows Why The $1.83 Level Matters</h2>
Another important part of EGRAG’s chart comes from the white ascending channel that has contained XRP across multiple market cycles.
XRP has repeatedly interacted with the boundaries and internal levels of this structure since its earlier years. The current XRP price remains inside that larger ascending channel despite the latest pullback.
EGRAG marks $1.83 as the next important level.
The chart places a circle around the area where the upper portion of the green Gaussian Channel meets a rising white trend line. That intersection is close to the $1.83 target marked by the analyst.
This makes $1.83 important for 2 reasons.
First, XRP would need to recover above its recent $1.70 high before challenging that area. Second, clearing $1.83 would place the price above another important part of EGRAG’s broader ascending structure.
XRP currently trades near $1.42 on the chart. That means the token still needs a sizeable recovery before $1.83 can be tested.
The analyst’s larger targets only become more relevant if XRP can make that progress.
<h2 class="wp-block-heading" id="xrp-price-targets-of-5-8-and-13-come-from-the-larger-ascending-structure">XRP Price Targets Of $5, $8 And $13 Come From The Larger Ascending Structure</h2>
EGRAG’s chart becomes much more ambitious above $1.83.
Three major targets appear toward the upper part of the chart:
<figure class="wp-block-table table1">
 <table class="has-fixed-layout">
 <thead>
 <tr>
 <th>XRP Price Target</th>
 <th>Chart Area</th>
 </tr>
 </thead>
 <tbody>
 <tr>
 <td>Around $5</td>
 <td>Lower boundary of the upper target region</td>
 </tr>
 <tr>
 <td>Around $8</td>
 <td>Middle area of the projected range</td>
 </tr>
 <tr>
 <td>Around $13</td>
 <td>Upper portion of EGRAG’s target structure</td>
 </tr>
 </tbody>
 </table>
</figure>
The chart provides more precise technical values behind some of those rounded targets. A 1.111 extension appears around $4.98, a 1.272 extension appears around $8.59, and a 1.414 extension reaches approximately $13.89.
EGRAG simplifies those areas into roughly $5, $8, and $13 targets.
Those levels also line up with different portions of the large ascending channel. That is important because the targets are not simply numbers placed above the current XRP price. They come from the structure EGRAG has drawn across XRP’s historical price action and the extension levels shown on his chart.
Still, XRP would need to cross several barriers before any of those targets become realistic tests.
The current price near $1.42 remains far below $5. XRP must first recover $1.55, revisit $1.70, challenge EGRAG’s $1.83 level, and continue higher before the larger projections become the main discussion.
<h2 class="wp-block-heading" id="xrp-ledger-could-drop-xls-38-as-ripple-favors-axelar">XRP Ledger Could Drop XLS 38 As Ripple Favors Axelar</h2>
The XRP Ledger also has a separate technical development worth mentioning.
BSCN reported that Ripple has recommended withdrawing the XLS 38 amendment, which was designed to provide native cross chain bridging across XRPL networks.
Ripple believes Axelar now handles the main use case more effectively. Axelar supports more than 50 blockchain networks through a validator network containing more than 75 validators.
<blockquote class="twitter-tweet">
 XRP Ledger Bridge Faces Potential Shutdown Ripple (<a href="https://x.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a>) is recommending that the XRP Ledger ripple:native COMMUNITY withdraw the long running XLS-38 amendment. The proposal was designed to enable native cross chain bridging across XRPL networks. Ripple says its main use… <a href="https://t.co/h2L8CpuCxP" rel="noopener noreferrer nofollow">pic.twitter.com/h2L8CpuCxP</a>— BSCN (@BSCNews) <a href="https://x.com/BSCNews/status/2093207442385760656?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 28, 2026</a>
</blockquote>
Developer demand for XLS 38 has also remained limited. Removing the implementation could eliminate more than 10,000 lines of code from the XRP Ledger codebase.
The proposal is not necessarily finished forever. Developers could still make a case for keeping XLS 38 if compelling use cases emerge.
This development concerns XRP Ledger infrastructure, so it does not change the Gaussian Channel setup EGRAG is watching on the XRP price chart.
<h2 class="wp-block-heading" id="xrp-price-today-still-depends-on-1-37-and-1-55">XRP Price Today Still Depends On $1.37 And $1.55</h2>
We discussed the s<a href="https://captainaltcoin.com/crypto-price-prediction-for-today-xrp-dogecoin-doge-cardano-ada/" rel="noopener noreferrer nofollow">horter term XRP price outlook</a> earlier today, and those levels remain useful when viewing EGRAG’s much larger setup.
XRP reached around $1.70 last Saturday before giving back part of that move. The pullback has left the token between approximately $1.37 and $1.55.
A look at the XRP chart shows $1.37 remains the immediate support area.
Buyers have defended this region several times. Another test could place greater pressure on the level, and a clean break underneath $1.37 could expose the $1.27 area.
Resistance remains near $1.55.
XRP needs to clear that price before another challenge of $1.70 becomes more likely. A move through $1.70 would then bring EGRAG’s $1.83 level much closer to the discussion.
Technical indicators also show why neither direction has taken firm control. RSI at 51.061 remains close to neutral, and Stochastic at 64.29 provides a somewhat stronger reading for buyers. The Ultimate Oscillator remains below 50 at 47.648, and Rate of Change remains negative at 3.965%.
Those readings leave XRP inside a fairly balanced shorter term setup.
Read Also: <a href="https://captainaltcoin.com/why-is-official-trump-trump-price-pumping/" rel="noopener noreferrer nofollow">Ethena (ENA) Price Is Pumping: These 2 Catalysts Could Trigger a Major Move</a>
<h3 class="wp-block-heading" id="xrp-price-must-defend-its-current-structure-before-5-to-13-matters">XRP Price Must Defend Its Current Structure Before $5 To $13 Matters</h3>
EGRAG CRYPTO’s chart essentially presents 2 XRP price stories at the same time.
The first concerns what is happening now. XRP remains close to $1.42 and needs to defend $1.37 before attempting another break above $1.55 and $1.70.
The second story stretches across several years. Previous XRP cycles featured periods where the 2 week Gaussian Channel turned red before another major expansion. EGRAG’s chart shows that the current cycle has not produced that red phase despite XRP’s latest correction.
That is the historical difference behind his latest analysis.
His chart then places $1.83 as an important level before the much larger $5, $8, and $13 areas come into view. Those higher targets remain projections rather than guaranteed destinations, and XRP has several resistance levels to overcome first.
Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.
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The post <a href="https://captainaltcoin.com/xrp-price-is-doing-something-it-has-never-done-before-analyst-maps-5-to-13/" rel="noopener noreferrer nofollow">XRP Price Is Doing Something It Has Never Done Before, Analyst Maps $5 To $13</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.

XRP Price Is Doing Something It Has Never Done Before, Analyst Maps $5 To $13

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