XRP analysts highlight $0.93 to $1 as key reversal zone, eye major breakout

Technical analysts have identified a potential trend reversal for $XRP, highlighting a convergence of moving averages and strong price support around the $0.93 to $1.00 range. Chart analyst EGRAG CRYPTO flagged the recent crossing of the 200-period Simple Moving Average (SMA) and the 200-period Exponential Moving Average (EMA) on XRP’s three-day chart, describing it as a signal seen during previous macro bottoms.

Moving averages signal possible bottom

The compression of the 200 SMA and 200 EMA follows a period of significant price declines and, according to EGRAG CRYPTO, may mark the early stages of a new upward trend. Historically, this type of moving average crossover has suggested that a bottoming phase is underway rather than a breakdown.

Moon Lambo, a cryptocurrency commentator, reinforced this analysis in a recent video, stating that traders should watch for price activity around the $1 level on XRP, where psychological and technical support converge.

Both analysts note that liquidity remains concentrated below current price levels, with channel support aligning near the $0.93 to $1 zone.

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Mini dictionary: Moving average cross, A technical pattern where two moving averages (such as 200 SMA and 200 EMA) intersect, often used by traders to identify changes in trend direction.

$0.93–$1.00: Critical zone for shakeout and reversal

EGRAG CRYPTO identifies the area between $0.93 and $1.00 as crucial for a possible wick, which could shake out late buyers and attract short sellers before a reversal to the upside. He explained that a move below the current price, followed by a quick recovery above $1, would represent a classic market trap, often preceding strong upward moves.

My preferred scenario involves a wick into the $0.93–$1.00 range, a rapid reclaim of the $1.00 level, and a subsequent reversal. This setup typically flushes out late bullish traders, invites short sellers, and then flips direction.

Moon Lambo echoed this view, suggesting that a brief drop into the highlighted zone would not alarm traders who understand the technical factors at play.

Should XRP avoid dipping into this support area and instead reclaim higher price structure early, EGRAG CRYPTO considers this scenario even more bullish.

Market outlook and next resistance levels

EGRAG CRYPTO emphasized that he sees the current structure as a bottoming phase for XRP, not a sign of further declines. He points to a potential rally if XRP breaks out cleanly from this key zone.

Those lacking technical experience may view a dip into the $0.93–$1.00 range as a breakdown. However, market participants who understand the structure will likely see it as an entry opportunity for the next upward leg.

EGRAG CRYPTO’s analysis includes a charted pathway with the next target set within the so-called “Yellow Range,” spanning $1.62 to $2.30 upon a confirmed reversal from the anticipated support zone.

The main question, as highlighted by EGRAG CRYPTO, is whether the market will produce a final wick into the $0.93–$1.00 zone before momentum reverses, or whether strength already in place will propel XRP upward without a new low.