- XRP’s final dip could trigger major price reversal soon.
- Market makers may drive XRP down to key liquidity zones.
- Expert predicts sharp price recovery after final market liquidation sweep.
The XRP market has experienced fluctuating sentiments, but recent insights point toward a major price move on the horizon. According to EGRAG CRYPTO, XRP’s current market cycle may see a final dip before a dramatic price surge.
This perspective has triggered renewed interest from traders and investors in the cryptocurrency, as the expert suggests a potential final sweep down to the $0.75–$0.65 range. If this level is reached, it could offer an attractive buying opportunity.
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XRP’s Liquidation Levels and Market Sentiment
The key focal point in EGRAG CRYPTO’s analysis is the notion that market makers engineer “pain” rather than predicting price movements. This strategy involves driving prices down to specific levels to trigger liquidation before pushing them back up. The expert identifies key price points where the market has yet to sweep the lows—KuCoin at $1.08, Bitfinex at $1.00, and Binance Perp at $0.77. According to the expert, these liquidity zones remain untested, signaling a possible dip before the market turns.
Additionally, the expert highlights the historical mean reversion of XRP’s price, which has experienced significant drops in previous cycles. Cycle one saw a 50% retracement, while cycle two had a 40% drop, with an average drop of around 45%. Based on this, the expectation is for XRP to revisit the $0.75–$0.65 range, where the market has established key support levels.
Potential Scenarios: A Sharp Reversal or a Slow Bleed
From this point, the expert outlines two possible scenarios. The first is a “bull path,” which would involve a quick dip followed by a sharp reversal as sentiment flips. Historically, this type of price action has proven to lead to the fastest market recoveries, as traders rush in to capitalize on the rapid price movement.
Alternatively, the market could follow a “pain path,” where XRP experiences a slower decline to the $0.75–$0.65 range. This path would be marked by a gradual downward movement until the support level is finally tagged, only for a reversal to take place. While this route could take longer, it still sets the stage for a major rebound when the market reaches its lowest points.
In conclusion, XRP’s price action remains under scrutiny. As the expert’s analysis unfolds, investors will be watching the key levels closely to determine when the dip will occur and whether the anticipated reversal will follow. XRP’s future looks poised for significant movement, with market participants bracing for potential volatility ahead.
