XRP technical analyst EGRAG CRYPTO has issued a warning to traders expecting further declines in the token’s price, urging them to act with caution as key technical levels are tested. EGRAG CRYPTO, a well-followed figure in the XRP online community, shared an in-depth chart analysis outlining potential risks for bullish investors if price support fails to hold in the coming days.
The Double Bottom and EMA Cross
The analyst’s latest daily chart spans from May 2026 through early 2027, identifying a double bottom structure in XRP’s price movement. Two distinct wicks, which both dipped toward the $1.18 to $1.20 region, form the basis of this pattern. After each move, buyers pushed XRP back above $1.24, with the first event occurring before a rally to $1.65 in September, and the second now unfolding.
EGRAG CRYPTO highlights a recent bullish crossover between the 100-day and 200-day exponential moving averages (EMAs), suggesting that the price trend may be shifting higher. However, he notes that such EMA crosses sometimes deliver false signals and emphasizes the need for confirmation before drawing conclusions.
XRP’s daily chart shows a bullish 100 EMA and 200 EMA cross, with major support at $1.24. The structure could support a move higher, but confirmation is necessary before any bullish outlook.
The analyst also points to a prior surge in August that allowed XRP to reclaim important technical ground. Currently, the asset is retesting that same zone from above. EGRAG CRYPTO believes the outcome of this retest will determine XRP’s direction over the next several weeks.
Mini dictionary: EMA (Exponential Moving Average) is a technical analysis indicator that gives more weight to recent prices. Traders use EMA crossovers as trend signals, with a bullish cross often indicating potential upward momentum.
The Range and the Targets
According to the analysis shared, the current trading range is defined by a support zone stretching from $1.18 to $1.27. EGRAG CRYPTO identifies a near-term upside target of $1.45 to $1.47, calling it the next major resistance area. The chart also references a Fibonacci retracement level at $1.2457, which serves as a key structural marker.
He cautions traders who anticipate a deeper selloff to reconsider, warning that a daily close below $1.24 may result in a lengthy consolidation period, potentially lasting several months. Such an outcome could significantly delay any movement toward higher targets, such as the $4 region projected for early 2027.
| Level | Type | Significance |
|---|---|---|
| $1.18 | Support | Lower range floor |
| $1.24–$1.25 | Major support/structural line | Critical for bullish structure |
| $1.27 | Support | Secondary range support |
| $1.45–$1.47 | Resistance | Short-term upside target |
| $4.00 | Projected target | Long-term potential if support holds |
A sustained daily close under $1.24 could result in months of additional consolidation, significantly delaying upside targets for XRP.
Spot Accumulation vs. Active Trading
EGRAG CRYPTO distinguishes between approaches for active traders and those purchasing XRP on the spot market. For active traders, the range between $1.18 support and $1.45 resistance represents actionable territory. He suggests that spot buyers may consider accumulating in the current zone, as long as the price remains above $1.24 on a daily closing basis.
If XRP maintains this structural level, the outlook remains cautiously optimistic. However, failure to hold could reset bullish expectations for an extended period.
