What to know:
- EGRAG Crypto outlined an XRP macro roadmap identifying a developing third bottom near key support around $0.90-$1.00 levels.
- Long-term moving averages and resistance levels at $1.23, $1.56, and $2.38-$3.54 determine whether bullish confirmation emerges before higher targets activate.
- Fibonacci projections highlight potential objectives at $9.28, $15.35, and $31.65, while the pattern still awaits technical confirmation from XRP price.
Crypto analyst EGRAG Crypto believes that XRP is forming its third major macro bottom, arguing that the current price structure could establish the foundation for a rally toward $9, $15, and even $31.65.
According to the analyst, XRP’s long-term chart reflects a repeating cycle that has previously preceded major price advances, although the latest setup still requires confirmation before the bullish outlook gains strength.
In a post on X, EGRAG Crypto shared a macro chart showing what he described as a three-bottom sequence supported by XRP’s long-term exponential moving averages. He explained that while charts cannot predict future prices with certainty, recurring market structure can help identify potential turning points across multiple market cycles.
According to EGRAG Crypto, the area between $0.90 and $1.00 has become the most important support region because several long-term technical indicators converge there. As a result, he believes the zone offers a favorable risk-to-reward opportunity for long-term participants if XRP eventually validates the breakout pattern.
Long-term support keeps XRP’s macro outlook intact
According to EGRAG Crypto, three exponential moving averages form the foundation of his long-term analysis. He identified the 21 EMA as the macro momentum gauge, while the 77 EMA represents major cycle support. Meanwhile, the 111 EMA serves as deep macro support that has historically marked significant market bottoms.
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Additionally, the chart highlights three major cyclical lows spanning more than a decade. The first two bottoms eventually led to substantial rallies after lengthy accumulation periods.
Consequently, the analyst believes the developing third bottom deserves close attention because it follows a similar structural pattern. However, EGRAG Crypto emphasized that the formation remains incomplete. He noted that XRP must reclaim several resistance levels before the market can confirm the broader bullish structure.
The roadmap identifies $1.23 as the initial reclaim level. Thereafter, a move above $1.56 would provide stronger structural confirmation and signal that buyers have regained long-term control. Moreover, the analyst highlighted the $2.38-$3.54 range as the primary breakout zone. Clearing that resistance area would strengthen the case for a new macro bullish cycle.
Fibonacci projections extend to double-digit prices
According to EGRAG Crypto, a confirmed breakout above the major resistance zone would activate several long-term Fibonacci extension targets. The chart places the 1.272 Fibonacci extension at $9.28. Additionally, the 1.414 extension points to $15.35, while the 1.618 extension targets $31.65.
Despite those projections, EGRAG Crypto cautioned that the third bottom has not yet been fully confirmed. He maintained that the roadmap depends on XRP holding macro support while reclaiming each key resistance level in sequence. He added that technical charts provide a structured framework for evaluating price action, but they do not eliminate uncertainty.
EGRAG Crypto’s latest analysis centers on XRP‘s developing third macro bottom rather than immediate price movements. If the asset maintains support near its long-term moving averages and confirms the outlined breakout structure, the roadmap points to progressively higher price targets extending toward $31.65.
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