XRP Price Could Explode to $8, But This Zone is Holding It Back

New data suggests that XRP’s current position below the centerline resembles previous accumulation phases before a major price expansion.

Ripple (XRP) has lost almost 10% over the past week, invalidating several recovery attempts. The cryptocurrency is currently hovering around $1.11 after a 2% decline on Tuesday.

However, according to a recent market observation by crypto analyst EGRAG CRYPTO, XRP could rise to between $5.70 and $8 if it follows historical patterns tied to a crucial technical level.

The next expansion of XRP

EGRAG CRYPTO said that XRP’s “central line” has historically separated periods of accumulation from phases of strong price expansion. Previous market cycles have seen the token generate significant gains after surpassing this level, prompting the analyst to identify two potential upside targets for the current cycle.

The analyst’s chart shows that XRP is currently trading below the center line, which is above the current market price of the asset and could move in the region of around $2.20 to $2.60 over time. Projected targets are derived from historical gain percentages above this level rather than the current trading price of XRP.

EGRAG CRYPTO revealed that one cycle saw XRP rise around 330% above the centerline, while another saw gains of around 200%. The average of these moves resulted in a projected expansion of around 265% above the centerline, which the analyst says puts the asset near the $8 mark.

The analyst also identified a more conservative scenario in which XRP achieves only a portion of the gains seen in previous cycles. If the market reaches about 60% of the strength of the previous cycle, this move would equate to an increase of about 120% above the centerline, resulting in a target near $5.70.

Based on these calculations, EGRAG CRYPTO has identified $5.70 as a conservative target and $8 as an average cycle target. Projections are based on historical price expansion above the center line rather than market sentiment.

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The analyst added that XRP remains below the central line and is still trading in an “uncomfortable zone.”

Meanwhile, separate data from CryptoQuant indicates that selling pressure on XRP may ease as large holders reduce transfers to Binance. Whale activity on the exchange has declined in recent weeks, suggesting lower short-term sales. However, XRP continues to trade below the McGinley Dynamic indicator as overall momentum remains weak. The asset needs to regain this level to support a stronger recovery, while the $1.08 area remains an important support zone.

Upbit takes the lead

At the same time, XRP activity has increasingly shifted to South Korea’s Upbit exchange. Data shows that Upbit’s net portfolio dominance increased sharply from 13% on June 8 to 37% on June 22, its highest level in over a year.

During the same period, Binance’s figure fell from 16% to zero, while Crypto.com also fell to zero and Coinbase remained close to 9%. Just two weeks earlier, Binance had slightly edged out Upbit, but the latest figures show that XRP deposits are increasingly concentrated on the South Korean platform. The metric helps determine whether deposits exceed withdrawals on individual exchanges rather than total XRP holdings.