XRP has pulled back sharply from its 2026 highs, and the crypto analysis community is paying close attention to one specific price. Analyst EGRAG CRYPTO (@egragcrypto) has identified $1.24 as
XRP has pulled back sharply from its 2026 highs, and the crypto analysis community is paying close attention to one specific price.
Analyst EGRAG CRYPTO (@egragcrypto) has identified $1.24 as the level that will likely determine XRP’s next significant move.
The chart, drawn on the 4-hour timeframe, shows XRP trading at $1.259 at the time of the analysis, sitting just above that threshold.
#XRP – SHORT THE BOTTOM? GET READY TO BE SLAPPED!
$1.24 IS THE LINE IN THE SAND!
A confirmed 4H close below $1.24, followed by a failed reclaim, could turn former SUPPORT into RESISTANCE and establish a NEW LOWER TRADING RANGE!
Bearish scenario: $1.20 → $1.15 →… pic.twitter.com/vzpmBe3noa
— EGRAG CRYPTO (@egragcrypto) October 24, 2026
The chart lays out two distinct trading ranges. Range 1 sits between roughly $1.35 and $1.45. Range 2 occupies the lower zone, between approximately $1.10 and $1.25.
A converging pattern of white diagonal lines forms a large diamond structure with two symmetrical triangles back to back. XRP is currently compressing within the symmetrical triangle on the right, nearing the apex.
XRP completed a clear A-B-C corrective sequence. The B wave reached near $1.70 after the breakout in August. This was followed by a sharp decline into the C wave near $1.15 in September. The asset has since recovered to the $1.24 to $1.26 area.
EGRAG CRYPTO states that $1.24 is the line in the sand. A confirmed 4-hour close below that level, followed by a failed reclaim, would shift former support into resistance. That scenario opens the path toward $1.20, then $1.15, and potentially $1.11. These levels align directly with Range 2 on the chart.
The bullish scenario requires XRP to hold $1.24. A successful defense of that level, followed by a reclaim of $1.29, puts $1.40 to $1.43 back in play. That zone represents the lower boundary of Range 1 and has served as a significant structural area throughout 2026.
EGRAG CRYPTO cautions traders on both sides of this setup. The analyst warns that short-term traders could feel more pain before the reversal. At the same time, the post flags the danger of shorting near a potential bottom.
The analyst’s stated position leans bullish. He favors buying at support once confirmation arrives, noting that potential upside could outweigh remaining downside provided risk is controlled.
The chart projects the resolution of this structure into late 2026 and early 2027. The converging lines suggest a breakout decision is approaching. Price action around $1.24 in the near term will carry significant weight for directional bias. Confirmation is more important than anticipation at this stage.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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