XRP is currently forming a market setup known as "The Coil," signaling a potential major price shift, according to EGRAG Crypto. This setup involves a compression phase where momentum builds across multiple timeframes, suggesting a significant move is imminent. EGRAG Crypto emphasizes that this pattern is structured and not random, typically preceding substantial price changes. The analysis indicates that many traders may be misinterpreting the current market phase as stagnation, while in reality, XRP is poised for a possible breakout or breakdown. The compression phase often leads to sharp volatility, and XRP could soon experience such a move. Traders and holders are advised to prepare for potential strong price movements as the compression phase concludes.