In Brief:
- EGRAG Crypto identifies $1.18 as XRP’s pivotal recovery level, while losing its current structure could expose $0.85 and $0.77 support.
- XRP’s five-day chart combines four major exponential moving averages with overlapping trend lines, creating several resistance barriers for buyers above.
- Reclaiming $1.18 to $1.20 could improve XRP’s technical structure, potentially opening a recovery path toward $1.63 and eventually $1.80.
Crypto analyst EGRAG Crypto has identified $1.18 as XRP’s make-or-break level, with two contrasting price scenarios emerging from its five-day chart. According to EGRAG Crypto, losing the current support structure could expose XRP to a correction toward $0.85 and $0.77.
However, reclaiming $1.18 could improve the structure and bring higher levels, including $1.80, into the recovery picture. His analysis focuses on a white triangular formation where XRP trades near an ascending lower boundary providing structural support.
The chart combines the 21, 50, 100, and 200 exponential moving averages with several overlapping trend lines. Together, these indicators create resistance areas that XRP must overcome before buyers can establish a stronger recovery structure.
A breakdown from the white zone would weaken the formation and increase the possibility of further selling pressure. The chart marks $0.97 as an intermediate reference before downside targets at $0.85 and $0.77 become relevant.
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XRP Reclaiming $1.18 Could Shift Focus Toward $1.80
EGRAG’s bullish scenario depends on XRP reclaiming $1.18, while $1.18 to $1.20 represents the broader confirmation region. According to the analyst, securing this area would improve XRP’s structure and reduce the distance required for a meaningful recovery.
Therefore, a sustained move above it could indicate that buyers are regaining control over the five-day setup. Further buying pressure could bring $1.63 into view, where another trend-line area appears within the broader formation.
Beyond that level, EGRAG’s projection extends toward approximately $1.80 along an ascending trend line displayed on the chart. However, the $1.80 scenario depends on XRP overcoming several resistance barriers rather than recording a temporary rebound.
Conversely, losing the white structure would strengthen the bearish scenario and place $0.85 within the projected downside path. A deeper reset could expose $0.77, potentially increasing the difficulty of recovering toward the moving averages and higher resistance zones.
Conclusion
XRP remains positioned between a potential breakdown toward $0.85 and a structural recovery that could eventually target $1.80. Reclaiming $1.18 to $1.20 would strengthen the recovery case, while losing support could expose deeper downside levels.
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