What to Know
- EGRAG identifies XRP’s $0.93 to $1.00 zone as a potential final shakeout before buyers attempt a broader market recovery move.
- XRP’s 200-period SMA and EMA are converging on the three-day chart, supporting EGRAG’s argument for a developing macro bottom structure.
- A reclaim of $1 could strengthen the reversal case, while higher resistance remains concentrated between $1.40, $2.30, and $3.45 levels.
Crypto analyst EGRAG CRYPTO has warned that XRP could decline toward $0.93 before establishing what he considers a major market bottom. According to EGRAG, XRP’s 200-period SMA and 200-period EMA are beginning to cross on the three-day chart, creating a notable technical setup.
Historically, similar moving-average compression has appeared around broader bottoming structures following substantial declines, although price confirmation remains necessary for a reversal. EGRAG believes XRP could still experience another downtrend toward $0.93 before buyers establish enough strength to support a broader market recovery.
His preferred setup places XRP between $0.93 and $1.00, where psychological support, lower channel levels, and potential liquidity are concentrated. Moreover, the analyst considers this region suitable for a final shakeout that could remove weaker bullish positions before buyers regain market control.
Under this scenario, XRP could briefly fall into the projected zone before recovering above $1 and developing a stronger upward price structure. Consequently, the decline could force late bullish traders from their positions while attracting bearish traders expecting XRP to extend its broader weakness. A decisive recovery above $1 would then support EGRAG’s argument that the downward movement represented a liquidity sweep rather than another breakdown.
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XRP Moving Average Cross Strengthens the $0.93 Bottom Scenario
EGRAG’s three-day chart places the developing moving-average cross at the center of his argument that XRP is forming a broader market bottom. The chart identifies the region around $1 as a logical target for another downward leg before the expected reversal structure potentially develops.
Additionally, EGRAG highlights an accumulation region beneath the current market structure, reinforcing his view that lower prices could present a buying opportunity. However, merely reaching $0.93 would not provide sufficient confirmation that XRP has established the anticipated bottom and started a sustainable recovery.
Instead, XRP would need to reclaim the psychological $1 level convincingly, demonstrating that buyers absorbed selling pressure around the projected downside target. EGRAG also considers an alternative scenario where XRP avoids another decline and regains important technical levels before reaching his preferred bottoming zone.
Such price behavior would strengthen the bullish interpretation because buyers would have regained control without requiring another liquidity sweep beneath psychological support.
XRP Recovery Could Bring $1.40 to $2.30 Levels Into Play
Beyond $1, XRP faces another important technical hurdle around the long-term moving averages, which appear concentrated near the $1.40 to $1.50 region. Moreover, EGRAG’s chart highlights a broader yellow trading range extending from approximately $1.43 toward $2.00, creating another significant resistance area.
A successful recovery through this region could subsequently place $2.30 within reach, although XRP would need sustained buying pressure to advance further. The chart also identifies resistance around $3.45, representing a larger technical barrier within the long-term structure presented by the crypto analyst.
Nevertheless, sustained trading beneath $0.93 would differ considerably from the temporary downside wick that forms the basis of EGRAG’s preferred scenario. Therefore, XRP’s reaction around $0.93 to $1.00 remains central to determining whether the developing moving-average signal supports a meaningful market bottom.
Conclusion
XRP could experience a final decline toward $0.93 before establishing the major bottom outlined by EGRAG’s three-day technical analysis. A recovery above $1 following that decline would strengthen the proposed reversal setup, while deeper sustained weakness could challenge the broader bottoming approach.
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