Reasons Why XRP’s Technical Structure Favors Upside Than Down Over Next 6 Months

XRP’s recent pullback to $2 has not changed the broader technical picture, according to a new analysis shared on X by crypto analyst Egrag Crypto. Despite the lack of bullish price action in recent weeks, the technical analysis proposes that the market structure continues to favor an upside continuation rather than the trend ending.  This outlook places the next three to six months in a constructive zone for XRP’s price action, where the probability of further upside is higher than the risk of a downward move. Related Reading: Do Kwon Falls Hard — Terraform Labs Chief Gets 15 Years For Wire Fraud XRP Currently In Consolidation, Not Distribution The assessment of Egrag’s technical analysis is based on XRP’s price action currently ticking a list of boxes that points to the next move being up. The first of these boxes is what the analyst referred to as a regime shift, which occurred after the XRP price made a decisive breakout from a multi-year base around $0.5 last year