Crypto analyst Egrag Crypto has highlighted the $1.40–$1.41 range as a crucial support level for XRP, stating that the cryptocurrency’s price reaction in this region could determine its short-term direction. In a recent analysis shared on social media, Egrag Crypto outlined two main scenarios that may unfold depending on whether XRP can hold this support and reclaim higher resistance levels.
XRP approaches critical test at $1.40–$1.41
Egrag Crypto noted that the decline from $1.50, which he previously anticipated, is now materializing. The analyst stressed the importance of the upper boundary of the yellow falling channel shown on his technical chart, identifying $1.40–$1.41 as an immediate area to monitor.
He encouraged market participants to observe XRP’s price behavior around this level, waiting for confirmation before taking a position. Instead of making a direct forecast, Egrag Crypto wants to see how the market reacts in real time to key price zones.
Egrag Crypto emphasized that, “The breakdown from $1.50 I warned about appears to be unfolding. Now, XRP must hold the top of the yellow falling channel. My focus: $1.40–$1.41—watch the reaction closely. A strong bounce and close back above $1.55 could signal renewed upside potential.”
The analyst also identified $1.4933 and $1.5557 as significant resistance levels above the current price. He suggested that reclaiming these areas would bolster the short-term outlook for XRP.
XRP must reclaim $1.55 for bullish momentum
A decisive rebound from $1.40–$1.41, followed by a close above $1.55, could establish a local bottom and support a shift toward a more bullish structure, according to Egrag Crypto’s technical chart. He pointed out that $1.5557 aligns with the 0.5 Fibonacci retracement level, while the 0.702 level sits near $1.5976. Approximately $1.6584 marks a higher resistance area on his chart.
Alternatively, if XRP fails to climb above $1.55 after testing support, Egrag Crypto stated that the mid-channel level around $1.22 could become more relevant, potentially offering another key area for accumulation.
| Price Level | Role | Description |
|---|---|---|
| $1.22 | Potential accumulation zone | Mid-channel, may serve as key support if breakdown persists |
| $1.40–$1.41 | Critical support test | Focus area for short-term price reaction |
| $1.4933/$1.5557 | Resistance zones | Levels to reclaim for further upside |
| $1.5976/$1.6584 | Higher resistance levels | Fibonacci and further resistance targets |
Mini dictionary: Fibonacci retracement, a popular technical analysis tool used to identify possible reversal levels in financial markets based on the Fibonacci sequence.
$1.22 area highlighted for accumulation
If the support at $1.40–$1.41 does not hold, Egrag Crypto designated the $1.22 zone as a significant accumulation area, suggesting that it might offer trading opportunities should XRP continue to weaken. His chart indicates that $1.22 represents the midpoint of the broader falling channel pattern.
He further mentioned that additional support zones lie below the current price range. Egrag Crypto concluded his analysis by urging followers not to form biases before the price action confirms direction, stating that structure and confirmation remain more important than unfounded opinions.
Egrag Crypto’s approach focuses on waiting for clear confirmation from the market before making trading decisions, reinforcing the idea that “structure comes before opinion or bias.”
Egrag Crypto’s analysis centers on observing how XRP reacts at $1.40–$1.41 and whether the digital asset can recover $1.55 in the aftermath of its current decline. Egrag Crypto operates as a well-known technical analyst focused on chart-based strategies within the digital asset space.
