$0.85 is the number every XRP watcher is focused on right now. Analyst Egrag Crypto flagged that level as the critical support floor after XRP broke out of a multi-year symmetrical triangle, and the token is now retesting that breakout structure. As of July 23, 2026, XRP trades at $1.13, down 0.13% on the day, with 24-hour volume dropping 31.53% to $960.43 million. The past week still shows a 2.54% gain, per CoinMarketCap.
Egrag's read is that $0.85-$0.88 holds the bottom of the triangle, the White Bridge pattern, and the expected retest zone all in one. A wick below that band wouldn't necessarily break the setup. What would hurt the bulls is a sustained monthly close beneath it. If the range holds, his roadmap runs through $1.23, then $1.65, then a test of $3.00-$3.50 before the bigger numbers become relevant. The first measured-move target sits at $6.40. His macro projection is $30, though he was clear neither figure is anywhere close to immediate.
The technicals on the daily chart are mixed. The 20-day EMA at $1.111 sits just below price, offering thin support. The 50-day EMA at $1.145 is acting as immediate resistance, and XRP has already slipped under both the 100-day ($1.233) and 200-day ($1.434) EMAs. Bollinger Bands put the upper band at $1.162, which is where volatility resistance kicks in, while the lower band rests at $1.060. Price is above the middle band but pinched against the upper one.
Derivatives data from CoinGlass adds a cautious note. Futures volume fell 25.51% to $1.74 billion, and open interest slipped 1.42% to $2.50 billion. The OI-weighted funding rate sits at 0.0041%, meaning longs are paying shorts, a sign of mild bullish bias but nothing aggressive. Liquidations over the past 24 hours came in at $1.13 million, split almost evenly: $570,500 on the long side, $557,610 on shorts. Similar price action dynamics are playing out across other altcoins, as seen in the HBAR trust analysis where price is also testing key resistance levels.
This article is for informational purposes only and does not constitute financial advice. Crypto markets are volatile; always do your own research before making investment decisions.
