Just caught Egrag's latest XRP analysis and it's worth paying attention to. He's mapping out this macro ascending triangle that's been forming over years, not just days. The key thing here is that Egrag sees a breakout that already happened, and we're basically in a retest phase right now. That pullback everyone's freaking out about? He's calling it confirmation, not weakness.

What caught my eye are the Fibonacci targets he's laying out: $8, $17, and $27. These aren't random numbers - they're derived from the actual structure he's tracking. The multi-year trendline is still holding, which apparently matters a lot for keeping the bullish case alive.

Egrag's pointing out two plays here: either jump in early if you're confident in the macro structure, or wait for a deeper retest if you want more confirmation. Depends on your risk tolerance really. Current XRP price is hovering around $1.33, so there's definitely room to the upside if this structure plays out. The way he frames it, the pattern is still valid as long as we stay above that trendline. Could be an interesting setup to watch unfold.