XRP is trading near $1.41 after retreating from a previous high of $1.70, but analysts are highlighting an unprecedented development in its long-term chart that could signal substantial growth ahead. EGRAG CRYPTO, a well-known market analyst, points to the two-week Gaussian Channel, which has remained green throughout the current correction—an unusual occurrence compared to previous cycles where it turned red before major rallies.

According to EGRAG, the current setup is marked by a "No Red" indicator, suggesting a structural divergence from historical patterns. This is significant because the Gaussian Channel is analyzed over a two-week timeframe, meaning that short-term price fluctuations have less impact on the overall trend. EGRAG emphasizes that as long as the Gaussian Channel remains green, XRP could navigate through its current correction effectively.

The analyst identifies $1.83 as the next critical level for XRP, which coincides with the upper boundary of the green Gaussian Channel and a rising trend line. For XRP to reach this target, it must first reclaim the $1.55 resistance level and then surpass $1.70. Beyond $1.83, EGRAG projects targets of approximately $5, $8, and $13, based on Fibonacci-style extensions drawn from the token's historical price action.

In the short term, XRP faces several resistance zones that must be cleared for these projections to be taken seriously. The current support level is at $1.37, which has been defended by buyers multiple times. If XRP fails to maintain this support, it could drop to $1.27. Meanwhile, the Relative Strength Index is neutral, and the Stochastic oscillator indicates a slight advantage for buyers, though the Ultimate Oscillator remains below 50.

Institutional interest in XRP is also on the rise, with U.S. spot XRP exchange-traded funds (ETFs) recording $18.47 million in net inflows recently, marking a third consecutive day of positive flows. Cumulative net inflows for these ETFs have reached $1.64 billion, indicating robust institutional support.

In a separate development, Ripple has proposed withdrawing the XLS-38 amendment from the XRP Ledger, suggesting that Axelar is a more effective solution for cross-chain bridging. This decision reflects a shift in strategy as Ripple aims to streamline its infrastructure and focus on more effective solutions for developers.

As traders closely monitor XRP's price movements, the critical levels of support and resistance will play a pivotal role in determining the token's trajectory in the coming weeks.