Crypto analyst EGRAG CRYPTO posted a 3-day XRP chart on November 1 that laid out three price scenarios with specific levels and probabilities. The chart drew a macro ascending channel stretch
Crypto analyst EGRAG CRYPTO posted a 3-day XRP chart on November 1 that laid out three price scenarios with specific levels and probabilities.
The chart drew a macro ascending channel stretching from 2021 through a projected 2027-2028 outlook, with two key moving averages tracking the broader trend.
Now, with price action entering the exact zone the analysis anticipated, the post is getting renewed attention. The analyst noted that XRP has entered “the exact liquidity zone” highlighted under the 50% scenario. That zone sits between $1.03 and $1.12.
The November 1 chart gave this outcome the highest probability of the three scenarios presented.
What the Chart Shows
The 3-day chart places XRP inside a long-term ascending channel. The 50 EMA and 200 EMA run across the chart, and the analyst noted that “a bearish EMA crossover hasn’t happened yet.” That detail is significant because it suggests the broader trend structure remains intact even as price pulls into a lower support range.
The chart also flags repeated resistance rejections at higher levels and identifies the current move as a “potential final retest of the macro ascending channel.”
The yellow horizontal zones on the chart mark accumulation areas from prior cycles. The current price action is retesting a structurally similar zone from 2023, which EGRAG CRYPTO calls the 2023 bottoming fractal.
The Most Likely Scenario
The November 1 post gave three possible outcomes. The 50% scenario, labeled as the analyst’s favorite, calls for a final liquidity sweep toward $1.03-$1.12 followed by a bullish reversal.
The 35% scenario projects extended sideways accumulation between $1.12 and $1.49 before a larger move. The 15% scenario is an early breakout, with price reclaiming $1.49-$1.65 without a deeper correction first.
XRP has now moved into the range the top scenario identified. The bullish reversal, however, has not been confirmed yet. EGRAG CRYPTO stated that “the bullish reversal still needs confirmation.”
The Strategy and What to Watch
The analyst’s stated strategy is to watch $1.03-$1.12 for a confirmed long opportunity. The key confirmation trigger on the upside is a 3-day candle close above $1.65. Until that close occurs, the setup remains in the watch phase.
The chart does not call for an immediate explosive move. It identifies the current zone as a potential accumulation area, consistent with the fractal structure the analyst has been tracking. The analyst already laid out the scenarios. What happens next at $1.03-$1.12 will determine whether the 50% scenario plays out in full.
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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