Crypto analyst Egrag Crypto has cautioned that XRP could soon decline toward $1 after failing to hold the $1.18 level, which he previously flagged as a critical support zone.
XRP approaches final support at $1.11–$1.07
In his latest analysis, Egrag Crypto described the recent price movement as the worst-case scenario from his earlier chart studies. He noted that his preferred outlook was for XRP to rebound from $1.18, but the market continued lower, missing this projected recovery.
According to the analyst, XRP is approaching a major ascending support trendline, with $1.11 and $1.07 identified as the last significant areas where buyers may try to prevent further losses. The range between $1.11 and $1.07 is seen as the final potential support before a more pronounced move downward.
The analyst emphasized that the downside scenario he previously outlined is currently unfolding, highlighting $1.11–$1.07 as the final support zone to watch for XRP.
Egrag Crypto, who is known for providing technical analysis on cryptocurrencies, also pointed out that a drop to $1 would not necessarily disrupt the broader higher-low structure that XRP has formed. From his perspective, a move near $1 could still fit within a long-term bullish setup if the downward pressure does not prompt a daily close below $1.07.
He added that a daily close under $1.07 would represent a significant technical breakdown, potentially invalidating the existing formation and opening the way for deeper losses in the market.
Mini dictionary: Egrag Crypto is an independent digital asset analyst known for technical analysis and commentary on the XRP price, sharing insights with his followers primarily via social media platforms.
Egrag Crypto continues to accumulate XRP
Despite increased downside risks, Egrag Crypto reported that he remains a buyer of XRP at current levels. He explained that he prefers to accumulate XRP through spot holdings, treating the current weakness as a long-term opportunity rather than a reason to exit positions.
The analyst clarified that he refrains from opening leveraged positions during this downward phase. He indicated that he would only consider leverage after stronger confirmation from XRP’s price action, as a response to further evidence of a potential market reversal.
Egrag Crypto reaffirmed his approach by stating that while the possibility of new lows exists, he remains focused on spot accumulation, relying on confirmation before any leveraged trades.
He believes this approach allows him to manage risk more effectively while still participating in any potential long-term upside, reflecting his confidence in the recovery potential of XRP despite interim volatility.
XRP recovery levels and targets
Egrag Crypto outlined four key price levels that XRP must reclaim for a sustainable recovery. He set initial targets at $1.25 and $1.43, which serve as early indicators of bullish momentum if surpassed.
| Support/Target | Significance |
|---|---|
| $1.18 | Failed support, preferred bounce level |
| $1.11–$1.07 | Final key support zone |
| $1.25 | First recovery target |
| $1.43 | Second recovery target |
| $1.63 | Additional upside target |
| $1.80 | Major recovery target |
Further gains could see XRP advance toward $1.63 and possibly $1.80. These targets are reinforced by the presence of the 100-day exponential moving average and several trendlines that mark the technical landscape for the asset. Egrag Crypto stated that any meaningful recovery would require price confirmation above these levels to attract renewed buyer interest.
He concluded that spot accumulation remains his favored strategy during uncertain conditions, emphasizing patience until technical signals indicate a clear reversal.
