XRP could see further declines, with crypto analyst EGRAG CRYPTO warning that a daily close below $1.07 may threaten the token’s broader technical formation. On November 9, EGRAG CRYPTO reported that a downside scenario he has been tracking is underway, noting that the $1.11 to $1.07 range now represents XRP’s final key support zone. At the time of his assessment, XRP was trading near $1.09, reflecting a loss of approximately 7% over the previous period.
Key support levels and analyst outlook
EGRAG CRYPTO, known for his technical analysis of cryptocurrency price action, originally expected a bounce from $1.18. However, the market instead pushed lower, prompting him to highlight $1.11 to $1.07 as an area of critical importance for short-term price action.
In his earlier analysis, the analyst cited $1.18 as a crucial downside target for XRP. While the token recently touched this level, EGRAG shifted focus to the next support zone. He emphasized that price movement within the $1.11–$1.07 area will be essential for determining XRP’s near-term direction.
XRP’s $1.11–$1.07 range is now the decisive support zone for the token. A daily close below $1.07 could significantly weaken the broader formation, while a temporary move to $1.00 would not automatically invalidate its longer-term structure.
Although $1.07 marks the lower end of this range, EGRAG CRYPTO signaled that $1.00 is a potential downside target. Despite this, he asserted that reaching $1.00 would not necessarily disrupt XRP’s overall higher-low pattern, maintaining a degree of resilience in the chart’s broader structure.
Mini dictionary: EGRAG CRYPTO is a market analyst specializing in technical analysis of major cryptocurrencies, frequently sharing chart-based price predictions and commentary within crypto trading communities.
Why the $1.07 threshold is critical
The analyst made a distinction between a short-lived dip below support and a lasting breakdown. He stated that a daily close beneath $1.07 would signal broader weakness in XRP’s technical formation, not just a break of horizontal support.
This leaves open the possibility of an intra-day decline toward $1.00 without confirming a more significant structural breakdown. However, there is no clear indication from the chart that buyers will step in to defend these levels, and no specific timeframe for a reversal is visible.
EGRAG’s chart includes marked support levels and possible recovery paths, but future moves remain dependent on price confirmation. He cautioned against assuming a recovery solely on projected paths, emphasizing the need for sustained momentum from buyers.
Upside targets and trading strategy
Despite the risk to support, EGRAG CRYPTO maintained an accumulation strategy for spot XRP purchases, while acknowledging the risk of additional losses. He separated this approach from his positioning on exchanges offering leveraged products, noting that leveraged entries would only be considered after clear price confirmation.
The analyst identified $1.25 as the first major recovery level, with further upside targets at $1.43, $1.63, and $1.80. These levels have appeared regularly in his recent analyses, outlining a roadmap for potential rebounds if structural support holds.
While upside scenarios remain, EGRAG CRYPTO continues to monitor key technical levels, warning that confirmation is needed before pursuing higher-risk trades.
No timeline for a recovery was provided, but the overall outlook is conditional on XRP’s ability to maintain or regain support within the highlighted range. The analyst reaffirmed his broader conviction in XRP’s structure while underlining the importance of the coming days’ price action.
