Egrag, a well-known French crypto chartist, has released a new price analysis focused on XRP, highlighting several key market levels that are drawing attention from investors. As XRP’s price approaches the same liquidity regions it rebounded from in August 2026, market bulls are now eyeing the $1.25 resistance level as a critical threshold.
XRP price action targets and key levels
According to Egrag, XRP holders have shown significant interest in accumulating tokens near the $1.25 mark. The current price action appears within a descending channel, reflecting the structure that has previously influenced major moves in XRP’s price trend.
A daily close above $1.25, Egrag stated, could reinforce buyer momentum. He indicated that sustained movement beyond this level may open the way to $1.65, based on the channel boundaries. Above $1.65, his analysis points to potential upside targets at $2.10 and $3.69 if resistance levels are cleared.
“$17.60 remains my speculative long-term measured-move target if the historical fractal repeats,” Egrag emphasized, suggesting a scenario where XRP could multiply its current all-time high of $3.65 by almost five times, should historical patterns unfold again.
However, the analyst also identified a possible risk zone. If XRP sees another downward wick, he expects a retest of the $1.01 to $1.07 demand region. Should the price fall below $1, Egrag cautioned that the bullish long-term structure could be compromised.
Leverage trading risks and liquidation surge
Egrag maintains a cautious stance on leveraged trades. Rather than moving quickly into leveraged long positions, he is opting to wait for clear bullish confirmation around $1.25. This perspective sets him apart from some other participants in the Futures market, where several investors have aggressively positioned for a local bottom and consequently faced large liquidations.
Recent 24-hour data from CoinGlass shows that long positions accounted for $38.8 million of the total $40.24 million in liquidations for XRP. This significant deleveraging has rapidly shifted the long-to-short ratio toward bearish sentiment, with short sellers now outnumbering bulls at a ratio of 0.89. Additionally, the overall trading volume in XRP spiked by 193% to $3.90 billion.
| Metric | Recent Value | Change/Context |
|---|---|---|
| Long liquidations | $38.8 million | Out of $40.24 million total |
| Long/Short Ratio | 0.89 | Shorts have overtaken longs |
| Trading volume | $3.90 billion | Up 193% |
The heavy liquidations and rapidly shifting sentiment underscore the volatility in XRP derivatives markets, as traders react to critical price levels and technical signals.
Mini dictionary: CoinGlass is a crypto analytics platform specializing in real-time data on derivatives markets and liquidations. It provides key indicators such as funding rates, open interest, and long-short ratios for major cryptocurrencies.
Long-term outlook and current context
Looking ahead, Egrag remains optimistic on the long-term trajectory for XRP, contingent on strong support above $1 and confirmation at key price levels. His most bullish scenario targets $17.60, provided historical price fractals repeat—a view that implies a dramatic increase from existing all-time highs.
Shorter-term, however, the market remains reactive to leverage-driven moves, sharp liquidations, and the resilience of support near the $1.01 to $1.07 level. Both technical analysis and Futures market behavior continue to influence trader expectations and risk profiles in $XRP.
