XRP reached the $1.18 price point forecasted in advance by Egrag Crypto, a prominent cryptocurrency analyst known for his technical market outlooks. The analyst had highlighted this level as a significant downside target several weeks before the recent decline, stating that XRP’s movement matched his expectations for a potential pullback.
XRP finds support at predicted level
Egrag Crypto emphasized that he repeatedly updated his price charts for followers and consistently identified $1.18 as a possible landing spot during the latest market retracement. The analyst’s technical charts highlighted declining price action and showed horizontal support near this mark, along with key resistance points and a longer-term ascending trendline.
Despite the recent downswing, the analyst does not rule out another dip. He pointed to $1.11 and $1.07 as additional zones where XRP could briefly slide before any meaningful recovery attempt. These price levels serve as the next markers for traders focused on short-term volatility in the XRP market.
Egrag Crypto’s forecasting is closely followed by a growing community on X (formerly Twitter), with many monitoring his chart updates for trading insights on XRP.
Mini dictionary: Egrag Crypto is a well-known independent crypto analyst on X (Twitter) who posts technical analyses, trading perspectives, and chart updates focused on digital assets like XRP.
High market exposure and accumulation strategy
In his latest update, Egrag Crypto revealed that he currently holds 97% market exposure to XRP, leaving only 3% for leveraged trades. He described his comfort with this allocation and reaffirmed his spot strategy despite the volatile price action in recent weeks.
The analyst stated that he considers the present range an opportunity for accumulation, maintaining his position even in the face of further possible declines. According to Egrag Crypto, a continued drop to lower supports would not be of concern for his long-term holdings, while any recovery could enhance returns for existing entries.
Egrag Crypto reflected on his consistent market stance, noting, “I’m 97% in the market, only 3% left for leverage trading. Seriously, how many times have I updated this chart and pinpointed $1.18 as a potential target? And here we are—$1.18 has been touched.”
He underlined that, even with the recent downturn, he would reassess his approach only if key technical levels fail to hold in the coming days.
Key levels for bearish and bullish scenarios
Egrag Crypto identified $1.18 as a crucial inflection point. He advised that if XRP posts consecutive daily closes below $1.18 with noticeable selling volume, he may be forced to reconsider his positive outlook. He also set $1.11 and $1.07 as areas to watch should sellers intensify their pressure.
However, the analyst distinguished between a single brief drop below $1.18 and a sustained move: a temporary dip would not necessarily undermine his thesis, but continued weakness on the daily and weekly charts might lead him to revisit his trading strategy.
He maintains that observing price action and trading volume around $1.18 will shape his next steps, rather than reacting to a short-lived break under this support.
| Key XRP Price Levels (per Egrag Crypto) | Interpretation |
|---|---|
| $1.18 | Major support, critical for bullish case |
| $1.11 – $1.07 | Possible further downside targets |
| $1.25 | First target in a recovery scenario |
| $1.43 | Upper boundary of key channel |
| $1.63 & $1.80 | Subsequent bullish targets |
Recovery roadmap: $1.80 in focus
Looking ahead, Egrag Crypto outlined potential recovery targets for XRP. According to his analysis, the first significant resistance stands at $1.25, followed by $1.43 near the top of a key technical channel. Should XRP maintain momentum, he expects $1.63 and eventually $1.80 to serve as the next major price objectives.
While viewing the current levels as promising for accumulation based on his spot entry strategy, Egrag Crypto cautioned that any resurgence would require price to reclaim those marked resistance points. Otherwise, prolonged weakness below support could shift his thesis to a more cautious stance.
