What to know:
- XRP reached the $1.05 support level after crypto analyst EGRAG CRYPTO’s projected breakdown from the rising trendline played out as expected.
- According to EGRAG, the loss of the ascending triangle shifted $1.0846 and $1.0946 into resistance while keeping $1.05 as the key support level.
- The analyst’s chart shows that XRP must reclaim $1.20 before a breakout toward the long-term resistance around $1.30 becomes technically viable.
XRP has reached the $1.05 support level after crypto analyst EGRAG CRYPTO accurately predicted a breakdown from its rising trendline on the four-hour chart, with the anticipated decline now playing out and validating the short-term setup he shared with traders on X.
The analyst posted a “Before vs. After” comparison showing how XRP moved exactly toward the projected target. He explained that he trades smaller market swings to remain connected with price action rather than focusing solely on generating profits. His latest update highlighted that the expected move had been completed, leaving traders focused on whether the current support can hold.
Trendline Break Confirms Bearish Short-Term Setup
According to EGRAG, XRP had previously reclaimed both the 21-period and 50-period exponential moving averages before attempting another rally toward the $1.14 to $1.15 resistance zone. Buyers, however, failed to sustain that advance, allowing sellers to regain control.
As selling pressure increased, XRP broke below the lower boundary of an ascending triangle that had supported higher lows throughout the recent recovery. The updated chart shows price falling beneath that trendline before reaching the projected $1.05 support area.
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Moreover, the analyst noted that the breakdown changed the role of several nearby price levels. The $1.0846 and $1.0946 zones have now become immediate resistance after previously acting as support. Consequently, XRP must recover both levels before buyers can rebuild bullish momentum.
Meanwhile, the chart identifies $1.0100 as the next major support if the current floor fails to hold. Below that level, approximately $0.9711 represents the final support zone within the existing short-term structure.
Recovery Still Depends on Clearing Major Resistance
Despite the successful downside call, EGRAG’s chart also outlines the conditions required for XRP to regain strength. The first resistance sits near $1.1408, followed by another barrier around $1.1835. Beyond those levels, the analyst identifies $1.20 as a significant technical hurdle. A decisive close above that level would improve the short-term outlook and place buyers back in control.
Additionally, the chart highlights the $1.2943 to $1.30 region as the most important resistance area. A long-term descending trendline intersects this zone, creating multiple technical barriers. According to EGRAG, only a confirmed breakout above both the trendline and $1.30 would trigger a stronger bullish reversal.
His chart also marks a blue support zone where buyers previously entered the market. That region helped launch the recent recovery, making it another important area that traders are monitoring for signs of renewed buying interest.
Conclusion
XRP has completed the downside move projected by EGRAG CRYPTO, bringing the price directly into the $1.05 support zone identified on his four-hour chart. According to the analyst, the next phase depends on whether buyers can reclaim nearby resistance levels or allow the cryptocurrency to slide toward lower support areas, including $1.01 and approximately $0.97.
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