Crypto analyst EGRAG CRYPTO has updated his macro outlook for XRP, projecting a major decline in the near future. His most recent technical analysis highlights a long-standing descending channel, arguing that the current price structure remains consistent with earlier forecasts.
XRP approaches key resistance at $1.65
During his latest assessment, XRP traded around $1.47, marking a daily increase of nearly 7%. EGRAG CRYPTO identified $1.65 as a decisive resistance zone, a price level that has played a critical role since 2018 across several market cycles.
The monthly chart features both the 33-day and 77-day exponential moving averages, with XRP’s price positioned just below these indicators. EGRAG CRYPTO stated, “$1.65 is the key area I’m watching.” He sees this level as a potential trigger point for significant price action, suggesting a test of this boundary could determine whether the next move is bullish or bearish.
“$1.65 is the key area I’m watching. I haven’t changed the arrows, targets, or moving averages. Go back and compare this with my previous macro chart. The structure remains the same.”
Technical patterns and market reaction at $1.65 remain central to the analyst’s scenario, indicating that a clear break above or rejection at this level could shape the medium-term outlook.
Crash scenario dominates short-term outlook
EGRAG CRYPTO’s analysis points to a sharp downward move from the $1.65 mark, supported by a prominent green arrow on his chart. This visual element signifies his expectation for a steep correction if XRP fails to break through the established resistance.
A dotted trendline on the chart illustrates an extended period of either decline or sideways price action after the anticipated rejection. EGRAG CRYPTO’s consistency in his structural analysis has been noted by his followers, as he emphasized that the key elements of his setup—including support and resistance levels, arrows, and moving averages—have not changed since previous analyses.
“Call it crazy. Call it impossible. I call it a matter of time. A move of this magnitude could change people’s lives.”
However, the chart is presented in a flipped format, which some observers interpret as a potential bullish signal if XRP reverses at $1.65 and begins a new upward trend, rather than continuing lower.
Ambitious upside targets
If XRP surpasses $1.65 and avoids a prolonged correction, EGRAG CRYPTO sets successive upside targets at $7.50, $13, and $30. He describes these projections as aggressive but maintains confidence in the overall technical structure that supports them.
The analyst stressed that his approach is rooted in macro chart formations, rather than personal bias or short-term sentiment. EGRAG CRYPTO stated that the structure offers a greater foundation than market noise, and remains firm in his outlook as long as the technical landscape does not fundamentally shift.
Mini dictionary: EGRAG CRYPTO is a pseudonymous cryptocurrency analyst known for long-term technical analysis, chart patterns, and trading insights, with a significant following on X (formerly Twitter).
Previously, XRP faced rejection at levels near $1.65, including a failed breakout attempt during a late August rally. EGRAG CRYPTO invites followers to compare his latest chart to previous updates, underscoring his methodology’s consistency.
| Target Level | Scenario |
|---|---|
| $1.65 | Key resistance, possible rejection or launchpad |
| $7.50 | First bullish target if resistance breaks |
| $13 | Intermediate bullish target |
| $30 | Long-term, most ambitious target |
The technical picture, as drawn by EGRAG CRYPTO, positions the $1.65 price level as a defining inflection point for XRP’s next major move. Price action and trader sentiment at this resistance will likely attract high attention across the market.
