Crypto market analyst EGRAG CRYPTO has attracted renewed attention after his November 1 analysis of XRP entered a key phase this week. He had previously posted a 3-day price chart predicting three possible scenarios for the digital asset, tying each to specific levels and likelihoods. With recent price action moving into the targeted range, traders and market watchers are focusing on what could follow for XRP.
Long-term Trend and Key Technical Levels
According to EGRAG CRYPTO’s chart, XRP has traded within a broad ascending channel extending from 2021 and projecting as far as 2027 or 2028. This channel uses both the 50-day and 200-day exponential moving averages (EMAs) to track the market’s macro trend.
The analyst has pointed out that XRP has not experienced a bearish crossover of its main EMAs, a technical sign suggesting that the long-term upward structure is still intact even as prices approach test zones near lower support.
The chart also highlights repeated resistance levels that have acted as barriers during previous rallies. The current movement is described as a potential final retest of the macro ascending channel, with yellow horizontal regions indicating accumulation areas from earlier market cycles. The analyst refers to the present retest as similar in structure to the “2023 bottoming fractal.”
Mini dictionary: EMA (Exponential Moving Average) is a technical indicator that gives more weight to recent price data, making it more responsive to new information compared to a simple moving average.
Most Probable Outcomes and Price Scenarios
EGRAG CRYPTO’s analysis detailed three possible scenarios for XRP. The favored outcome, assigned a 50% probability, anticipated a final liquidity sweep drawing prices between $1.03 and $1.12, which the market reached this week. According to the chart, this move could set the stage for a bullish reversal if confirmed by further technical action.
The second scenario, given a 35% probability, involves extended sideways trading or “accumulation” between $1.12 and $1.49 before any larger upward movement. The least likely scenario with 15% probability projected an early breakout above $1.49–$1.65 without further correction.
| Scenario | Probability | Price Range | Market Behavior |
|---|---|---|---|
| Liquidity sweep & reversal | 50% | $1.03–$1.12 | Potential bullish reversal |
| Sideways accumulation | 35% | $1.12–$1.49 | Consolidation before move |
| Early breakout | 15% | $1.49–$1.65 | Immediate rally without deep pullback |
EGRAG CRYPTO said the recent shift of XRP into the $1.03–$1.12 range aligns directly with the main scenario suggested by his analysis. However, he emphasized that a confirmed trend reversal has not yet been established.
The analyst stated that the market has entered “the exact liquidity zone I highlighted under my 50% scenario,” but also noted, “the bullish reversal still needs confirmation.”
Strategic Levels and What Comes Next
For those following his strategy, EGRAG CRYPTO identifies the $1.03–$1.12 range as a critical area to monitor for a confirmed long position. The key technical signal he is watching is a 3-day candle closing above $1.65. Only if this breakout occurs would his bullish thesis be fully validated.
Until such confirmation, the analysis describes the current trading zone as a probable accumulation area, rather than a breakout point. The analyst maintains that patience is required to see if the projected scenario fully materializes in the coming sessions.
The chart outlines each scenario, but a decisive close above $1.65 is necessary to confirm an upward trend reversal for XRP.
