EGRAG CRYPTO, a well-followed market analyst, has flagged a potential bullish reversal for XRP after an extended period of downward momentum. His latest analysis points to XRP’s 3-day Heikin Ashi candle chart, which has posted 11 consecutive red candles—a signal he believes may indicate that a green trend is waiting to emerge.
XRP’s chart setup and fractal analysis
EGRAG CRYPTO’s focus remains on the formation of the first green candle in XRP’s ongoing 3-day cycle, highlighting similarities to a pattern seen during the 2017 to 2018 rally. He underlines that a confirmed green 3-day close is required before a new trend can be established, stating this is critical for validating the bullish setup.
After 11 consecutive red 3-day candles, EGRAG CRYPTO signals that a reversal for $XRP may be near. He points out, “A confirmed green 3-day close is still needed for confirmation,” tying the signal to historical fractal patterns last witnessed during the 2017-2018 cycle.
The Heikin Ashi technique provides a smoothed perspective on market trend changes by modifying traditional candlestick charting. This approach can help traders identify underlying shifts in momentum, especially when a consistent color streak, as seen with XRP, starts to break.
Mini dictionary: Heikin Ashi is a charting technique used in technical analysis that modifies traditional candlestick charts to better visualize trends. It averages price data, making it easier to spot reversals and persistent trends through color consistency.
Key levels and targets on XRP’s roadmap
Reviewing the shared chart, analysts have mapped out XRP’s current consolidation within the $0.98 to $1.65 range. EGRAG CRYPTO highlights two main downside support regions at $1.13-$1.14 and $1.05-$1.07. Meanwhile, the primary upside target sits at $1.42-$1.48. This technical mapping draws on the 2017-2018 fractal as a comparative backdrop, indicating where the coin may stand in relation to that historical setup.
| Level Type | Price Range |
|---|---|
| Current Consolidation | $0.98 – $1.65 |
| First Downside Support | $1.13 – $1.14 |
| Second Downside Support | $1.05 – $1.07 |
| Upside Target | $1.42 – $1.48 |
The roadmap outlined by EGRAG CRYPTO indicates a potential pump toward $1.48-$1.50 if a green reversal is confirmed. After such a move, a retest is expected within the earlier identified support zones. A double bottom scenario could then emerge, which he describes as a “pumplosion”—an event that may offer a significant buying window.
Institutional context and broader impact
Digital Perspectives, another analyst covering the XRP market, has discussed these projections with his own audience. He has reviewed EGRAG CRYPTO’s outlined phases, describing the potential for a strong upswing, followed by a correction back to major support levels, and then conditions for a major rally if the macro double bottom materializes.
He also places the XRP technical setup within a wider institutional adoption narrative, referencing involvement from prominent names such as Evernorth, BNY Mellon, Robinhood, C2FO, Coinbase, and Moody’s. Digital Perspectives suggests that these developments could pave the way for RLUSD and XRP adoption in institutional markets and payment applications.
Mini dictionary: RLUSD is a digital stablecoin project associated with Ripple, intended to facilitate efficient cross-border payments by providing fast, transparent, and low-cost transactions compatible with institutional needs.
Digital Perspectives describes the latest developments around XRP as part of a broader rollout, linking together financial institutions and infrastructure platforms that could accelerate institutional use of both RLUSD and XRP.
While XRP’s immediate future hinges on confirming a green 3-day candle, analysts emphasize the significance of support and resistance levels as they track the asset’s next potential breakout or pullback.
