XRP’s price has come under renewed scrutiny from market participants following an extended period of declining movement on the daily chart. After several weeks of downward pressure, the cryptocurrency trades near support levels that have attracted the interest of technical analysts monitoring its next direction.
Analyst identifies critical market exhaustion
EGRAG CRYPTO, a prominent figure in crypto market analysis with a large following across social media, has released a comprehensive assessment of XRP’s current status. The analyst acknowledges the challenging sentiment among participants, stating that navigating recent price action “feels exhausting” for many investors.
“When another cent down feels unbearable, I want to see how price reacts at support,” EGRAG CRYPTO wrote, highlighting growing attention on XRP’s key technical levels.
RSI signals a possible reversal
According to EGRAG CRYPTO, XRP’s daily Relative Strength Index (RSI) has dropped to the low 20s, matching the conditions witnessed during the June 2026 selloff that preceded a notable rally. In technical analysis, an RSI value below 30 generally indicates an asset is deeply oversold and may be poised for a reversal. The analyst describes this alignment as a reason to watch closely for an upward bounce but underscores that subsequent price action will determine the strength and sustainability of any potential recovery.
Mini dictionary: Relative Strength Index (RSI) – A momentum indicator in technical analysis that measures the speed and change of price movements. RSI values below 30 are typically considered oversold, while values above 70 indicate overbought conditions.
Upside and downside targets
EGRAG CRYPTO outlines specific price levels that could serve as immediate goals should a bounce occur. The analyst sets the initial resistance targets at $1.09 to $1.11, which may be followed by a move toward $1.15 to $1.16. If the price climbs above $1.20, the next focus will be on the $1.25–$1.30 range. These thresholds will serve as confirmation points to determine if buyers are actively supporting the asset.
| Scenario | Key Price Levels |
|---|---|
| Bounce/Recovery | $1.09–$1.11, $1.15–$1.16, $1.20, $1.25–$1.30 |
| Further Downside | $0.973, $0.93–$0.96, reclaim $1 |
On the downside, if the rebound fails to materialize, EGRAG CRYPTO points to $0.973 as the first area of concern. A break below this could prompt an accelerated decline into the $0.93–$0.96 region. However, the analyst expects a rapid recovery back to $1 if this lower range is reached, calling this “the fractal I’m watching.”
Conditions for bullish momentum
EGRAG CRYPTO emphasizes that a sustained move above $1.20–$1.25, with price holding firm during a retest, would confirm a shift toward bullish momentum. In that scenario, the analyst projects technical targets extending to $1.385, $1.51, and $1.70.
EGRAG CRYPTO’s analysis indicates that “reclaiming and holding $1.20–$1.25 on a retest would be a strong signal of renewed buyer strength,” providing a pathway for further gains in early 2027.
Broader outlook: Structure remains key
Despite volatility on shorter timeframes, EGRAG CRYPTO expresses continued confidence in XRP’s longer-term structure. The analyst notes that on the monthly cycle, the outlook remains bullish while warning that the daily picture requires buyers to defend a higher low in the period ahead.
The analysis references Elliott Wave theory to support the idea that a corrective phase may have concluded, which could set the stage for a new advance if identified support levels are maintained.
Mini dictionary: Elliott Wave theory – A technical analysis approach proposing that market prices move in predictable cycles or waves, reflecting investor psychology and sentiment patterns.
EGRAG CRYPTO’s roadmap provides clear markers for traders to monitor as XRP approaches several critical inflection points near the $1 threshold.
