The drop to 83 cents could be the reset XRP traders have been waiting for.
Collaborative Reading
Crypto expert Egrag Crypto has discovered a falling mill structure in the XRP price chart that lasts about nine months, the token trades around $1.30 after a long slide.
Based on the analysis, XRP images it may fall further before the recovery starts – but below it may indicate the start of a big move, which could reach $8.30.
Six Painful Months
XRP has now posted six straight months of losses, its worst such run since 2014. April is already in negative territory, down 1.80% in the first days of the month. If it closes in the red, it would be the seventh consecutive monthly loss – the first in the history of the symbol.
The symbol reached $3.60 in July 2025. Since then, the price has been squeezed between two downward lines – the upper resistance ceiling and the lower support floor. Every time the price reaches any line, it has moved back. The back and forth movement is what defines the wedge pattern.
#XRP – Red Chart đź”´:
It’s red… but it offers one of the best buying opportunities with upside potential #XRP.
👉 Close above $1.80 = invalidity of the falling mill
👉Crossing of two red lines coming = BearishOtherwise:
▫️Lower goal: more visual →… pic.twitter.com/TcXESiXvzK– EGRAG CRYPTO (@egragcrypto) April 3, 2026
Two Key Areas Driving Appearance
Egra is chart shows XRP can push first to $1.80, where the upper resistance line is located. Reports indicate that the level has rejected previous attempts, as recently as early January 2026 when the price hit $2.41 and retreated significantly. A similar resistance at $1.80 would send the price lower again.
From there, the expected trend line reaches about 83 cents – where the descending wedge line meets the long-term upward trend that the analyst calls the Atlas Line.
That level is defined as the main area of ​​this structure. Most of the chart data shows that XRP may retrace above $1.00, dip back to 91 cents to retest support, and then start to move higher.
If this sequence occurs, the initial target will reach $8.30.
This margin has already taken into account the volatility of prices. During market trading on October 10, 2025, XRP dropped from $2.80 to $1.36, touching the downward trend. The price jumped from that level. At the beginning of February 2026, another drop brought the symbol to $ 1.11 before the support.
Collaborative Reading
Explosive Conditions Assume Two Logical Limits
The bullish case is limited. According to Egrag’s analysis, a close above $1.80 on the upper resistance line can break the mill and stop the current setup.
On the downside, a break below the 83-to-91-cent support area would indicate deeper weakness and raise the possibility of further declines beyond what the chart is projecting.
Image taken from Pexels, chart from TradingView
