- Analyst warns XRP faces turbulence before a sharp liquidity-driven rebound.
- EGRAG CRYPTO links XRP’s next move to global market uncertainty.
- Traders eye the $2.05 support zone for possible bullish reversal.
Egrag Crypto has dropped a fresh analysis describing the current market condition as “a bus driven by someone blindfolded.” His vivid comparison reflected the uncertainty gripping financial markets and the unpredictable movements surrounding XRP’s price action.
According to EGRAG CRYPTO, the Gemini exchange chart clearly aligns with a breakout structure he had previously highlighted. His latest analysis revealed that XRP is currently in a liquidity-grabbing phase, a technical pattern often seen before significant reversals.
The chart showed a potential dip toward the $2.05 support region, followed by a strong rebound toward the $2.45 to $2.55 resistance zone.
He explained that the current decline represents the market’s natural effort to fill in the wick, reclaiming liquidity before a possible rally. The analyst believes this structure could pave the way for a sharp upward movement once buying pressure builds again.
His focus remains on how XRP behaves around these critical price zones, as they often dictate the next major move.
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EGRAG Connects XRP’s Movements to Global Uncertainty
In his commentary, EGRAG CRYPTO linked XRP’s behavior to broader economic instability, citing ongoing U.S. government concerns and growing geopolitical friction between China and Russia.
He compared the global financial outlook to a high-speed ride with no clear direction, suggesting that markets are operating amid extreme uncertainty.
He added that a return of quantitative easing could change the landscape entirely, benefiting risk-on assets such as XRP. While gold may continue to trade sideways, he expects cryptocurrencies to rally once confidence returns to global markets. This projection reflects his view that the market thrives on certainty, and stability could trigger renewed growth across digital assets.
Furthermore, EGRAG noted gold’s unusual behavior in recent weeks, describing its rally as similar to a meme coin surge. He disclosed that he had sold part of his gold holdings, planning to re-enter at lower prices while maintaining exposure to potential gains in risk-on markets.
Traders Watch for Signs of a Reversal
EGRAG’s chart ultimately suggests that XRP may experience short-term volatility before any recovery begins. As the market navigates through unpredictable conditions, many traders are keeping a close watch on the $2.05 support level for signs of strength.
His outlook reflects cautious optimism, with the expectation that once global uncertainty eases, XRP could be among the assets ready to make a strong comeback. Investors within the XRP community are now watching the market closely, waiting for the next decisive move that could confirm a new upward trend.
Also Read: Why Did XRP Price Crash Suddenly Today?
