Just came across this interesting technical breakdown from Egrag on XRP that's worth looking at. He's mapping out a macro ascending triangle that's been building over multiple years, with a multi-year trendline holding through different market cycles. According to Egrag's analysis, the breakout already happened and we're in a retest phase right now - which apparently is totally normal and not something to panic about.

What caught my attention is the Fibonacci targets he's projecting: $8, $17, and $27. Those are pretty substantial moves from where XRP is trading now around $1.43. Egrag emphasizes that as long as the trendline holds, the structure stays bullish. He's saying the current pullback is actually confirmation of the breakout, not a reversal.

The way Egrag frames it, there are two plays here - either get in early on the macro structure conviction, or wait for a deeper retest if you want a better entry. Really depends on your risk tolerance. Either way, the key takeaway from his analysis is that this is about structural confirmation, not emotional reactions to daily price swings. If the pattern holds, that's when the real expansion could happen.