{"id":4158,"date":"2026-06-23T22:14:19","date_gmt":"2026-06-23T22:14:19","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4158"},"modified":"2026-06-23T22:14:19","modified_gmt":"2026-06-23T22:14:19","slug":"xrp-could-rally-toward-8-but-one-key-resistance-zone-remains-a-major-barrier","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/06\/23\/xrp-could-rally-toward-8-but-one-key-resistance-zone-remains-a-major-barrier\/","title":{"rendered":"XRP Could Rally Toward $8, but One Key Resistance Zone Remains a Major Barrier"},"content":{"rendered":"\n
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XRP has dropped nearly 10 percent over the past week, weakening several recovery attempts. The asset is currently trading near $1.11 after another 2 percent decline.<\/p>\n\n\n\n

Despite recent weakness, crypto analyst EGRAG CRYPTO believes XRP could still climb toward $5.70 or even $8 if historical price patterns repeat.<\/p>\n\n\n\n

Central Line Remains the Key Level<\/strong><\/p>\n\n\n\n

According to EGRAG CRYPTO, XRP\u2019s \u201cCentral Line\u201d has historically acted as a major dividing line between accumulation phases and explosive price expansions.<\/p>\n\n\n\n

In previous market cycles, XRP delivered significant gains after breaking above this level. Based on those historical moves, the analyst outlined two possible upside targets for the current cycle.<\/p>\n\n\n\n

At the moment, XRP remains below the Central Line, which sits above the current market price and could gradually move into the $2.20 to $2.60 range. The projected price targets are based on historical percentage gains from this level rather than from XRP\u2019s current price.<\/p>\n\n\n\n

One previous cycle saw XRP rise roughly 330 percent above the Central Line, while another recorded gains of around 200 percent. Averaging those expansions gives a projected move of approximately 265 percent above the line, which places XRP near the $8 target.<\/p>\n\n\n\n

A more conservative scenario assumes XRP achieves only part of the gains seen in previous cycles. If the asset reaches around 60 percent of prior cycle strength, that would imply a move of roughly 120 percent above the Central Line, producing a target near $5.70.<\/p>\n\n\n\n

Based on this framework, EGRAG CRYPTO sees $5.70 as a conservative upside target and $8 as the broader cycle target.<\/p>\n\n\n\n

For now, XRP remains below this key technical level and continues trading in what the analyst described as an uncomfortable zone.<\/p>\n\n\n\n

Selling Pressure Appears to Be Easing<\/strong><\/p>\n\n\n\n

Recent data from CryptoQuant<\/a> suggests that selling pressure may be softening as large holders reduce transfers to Binance<\/a>.<\/p>\n\n\n\n

Lower whale activity on Binance indicates reduced short term selling pressure. However, XRP is still trading below the McGinley Dynamic indicator, showing that momentum remains weak.<\/p>\n\n\n\n

To confirm a stronger recovery, XRP needs to reclaim this indicator. Meanwhile, the $1.08 level continues to serve as a critical support zone.<\/p>\n\n\n\n

Upbit Gains Market Influence<\/strong><\/p>\n\n\n\n

At the same time, XRP trading activity is increasingly shifting toward Upbit<\/a> in South Korea.<\/p>\n\n\n\n

Recent data shows Upbit\u2019s net wallet flow dominance surged from 13 percent on June 8 to 37 percent by June 22, marking its highest level in more than a year.<\/p>\n\n\n\n

Over the same period, Binance\u2019s dominance fell from 16 percent to zero, while Crypto.com<\/a> also dropped to zero. Coinbase<\/a> remained relatively stable near 9 percent.<\/p>\n\n\n\n

Just two weeks ago, Binance held a slight lead over Upbit. The latest data now suggests XRP deposits are becoming increasingly concentrated on the South Korean exchange.<\/p>\n\n\n\n

This metric measures whether deposits exceed withdrawals on individual exchanges, offering insight into shifting trading activity rather than total XRP holdings.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

XRP has dropped nearly 10 percent over the past week, weakening several recovery attempts. The asset is currently trading near $1.11 after another 2 percent decline....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4158","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=4158"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4158\/revisions"}],"predecessor-version":[{"id":4160,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4158\/revisions\/4160"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=4158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=4158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=4158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}