XRP could be approaching an important turning point as its price tests the $1.00–$1.05 region. Crypto analyst Egrag Crypto has identified three technical developments on the daily chart that
XRP could be approaching an important turning point as its price tests the $1.00–$1.05 region. Crypto analyst Egrag Crypto has identified three technical developments on the daily chart that could signal a potential change in direction.
His analysis points to a possible double-bottom formation, with an initial recovery toward $1.20–$1.25 before another test of lower support. If XRP completes the formation and breaks the required resistance, the analyst sees potential upside targets at $1.385, $1.51, and eventually $2.
In an X post, Egrag Crypto identified the $1.00–$1.05 region as a Fair Value Gap (FVG) that deserves close attention. The analyst explained that XRP does not necessarily need to fill the entire gap before buyers can push the price higher. He noted that a 50% fill of an FVG can be sufficient to support a reversal.
The attached daily chart shows XRP trading around $1.0477, placing the asset inside the highlighted support region. Egrag Crypto’s chart also marks approximately $1.0078 as another important price level beneath the current market price.
The analyst is watching how XRP behaves within this region to determine whether buyers will step in and prevent further declines. A sustained recovery from this area could support his preferred bullish scenario.
#XRP – DOUBLE BOTTOM FORMING? THE NEXT EXPLOSIVE MOVE!
Guys, look closely at the DAILY chart!
THREE things are catching my attention:
1⃣ FVG: The $1.00–$1.05 zone is being tested! Remember, a 50% FVG fill can be enough for a reversal.
2⃣ SELLER EXHAUSTION: Smaller… pic.twitter.com/spBwZeTyB9
— EGRAG CRYPTO (@egragcrypto) November 12, 2026
Egrag Crypto also identified changes in XRP’s daily candlestick structure as another development worth monitoring. He observed that the candles have become smaller, suggesting that selling pressure may be losing strength.
This observation forms part of his assessment that XRP could be approaching a local bottom. However, smaller candles alone do not confirm a reversal. The price must still establish a stronger upward structure before traders can consider the bullish formation complete.
His chart outlines an initial recovery toward $1.20–$1.25, followed by another decline toward the $1.00–$1.05 region. This projected movement would create the two lows required for the potential double-bottom structure.
The analyst’s preferred scenario involves three major stages. First, XRP would recover toward $1.20–$1.25. It would then retest the lower support region before attempting to break the neckline resistance.
A successful breakout could open the way toward $1.385 and $1.51. Egrag Crypto also identified $2 as a potential longer-term target if the bullish structure develops as expected.
However, he made an important distinction about the current chart. A double bottom remains unconfirmed until XRP breaks above its neckline resistance. Until that happens, the formation represents a possible price pattern rather than an established reversal.
The comments beneath the X post also addressed the importance of the $1.00–$1.05 region. CryptoSensei described the setup as interesting and noted that the support zone deserves attention, while emphasizing the need for a confirmed breakout before declaring a reversal.
X Finance Bull Academy also identified the same region as a possible starting point for an XRP recovery.
Egrag Crypto concluded by emphasizing his preference for spot trading over excessive leverage, writing, “SPOT IS KING! LEVERAGE IS A TOOL.” For now, the analyst is monitoring the chart structure as XRP tests support, with confirmation of the proposed double bottom remaining the key condition for his bullish targets.
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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