XRP has pulled back sharply on its monthly chart. It closed the current candle at $1.4028, down $0.0866 or 5.81% on the month. For many investors, the drop raises questions. Crypto analyst EG
XRP has pulled back sharply on its monthly chart. It closed the current candle at $1.4028, down $0.0866 or 5.81% on the month. For many investors, the drop raises questions.
Crypto analyst EGRAG CRYPTO (@egragcrypto) addressed those concerns directly in a recent post, arguing that the monthly structure remains intact. He stated, “Sometimes I read the comments and wonder if people are analyzing charts or consulting their coffee cups!”
The analyst built his case around two exponential moving averages plotted on the monthly chart: the 33 EMA and the 111 EMA. He stated that the two indicators “have historically helped define major cycle structures” for XRP.
The 33 EMA, currently running close to the price, is the more immediate concern. EGRAG CRYPTO identified it as “the major resistance” at this point in the cycle.
#XRP CRASHED! CANCEL VALHALLA?
Sometimes I read the comments and wonder if people are analyzing charts or consulting their coffee cups!
Anyway, back to the CHARTS & NUMBERS!
LET ME BE CRYSTAL CLEAR.#XRP can still retrace toward $1.20 and remain within its MACRO BULLISH… pic.twitter.com/ag7fG0Q7F0
— EGRAG CRYPTO (@egragcrypto) October 9, 2026
The analyst was clear about where his analysis stands or falls. “$1.20 is my KEY LINE IN THE SAND,” he wrote. XRP can retrace toward that level and remain within what he calls its macro bullish structure. A monthly close above it keeps the bullish case alive. A move below it changes the picture.
The chart shows previous major corrections following a similar pattern before significant price expansions. EGRAG CRYPTO pointed to this history to support his current position, noting that “previous macro corrections created opportunities before major expansions.”
EGRAG CRYPTO pushed back against the idea that the current pullback signals a breakdown. “Right now, we’re building STRUCTURES, not destroying the macro thesis,” he wrote. He believes that XRP has already hit its bottom.
The chart’s MACRO Range label sits near $2.30, above the current price. The analyst identified $1.65 as the first major level for XRP to reclaim. Above that, Fibonacci extension levels on the chart show targets at 1.272 ($5.1643), 1.414 ($6.2092), and 1.618 ($8.0911). The analyst cited a broader $4-$8 range as the higher Fibonacci extensions in the post.
The $15 level sits at the top of the chart, labeled as the “VALHALLA SCENARIO.” EGRAG CRYPTO has not revised this target. The chart projects a path toward $15 from the current consolidation zone, consistent with the arc traced by prior cycle peaks visible on the monthly timeframe going back to 2013.
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The post Analyst Says XRP Could Retrace toward $1.20 Before This Happens appeared first on Times Tabloid.
