XRP continues to face selling pressure after breaking below its short-term trading channel, but crypto analyst Egrag Crypto believes the broader bullish structure remains intact. He maintains
XRP continues to face selling pressure after breaking below its short-term trading channel, but crypto analyst Egrag Crypto believes the broader bullish structure remains intact.
He maintains that XRP could recover from its current weakness and eventually reach significantly higher prices if historical chart patterns repeat.
However, before that happens, the analyst wants to see the cryptocurrency reclaim $1.25 on the daily chart. He also warns that XRP could revisit lower support levels before attempting another major advance.
In his post on X, Egrag Crypto acknowledged that XRP had broken below its short-term channel. Nevertheless, the cryptocurrency continues to hold its macro support structure.
The analyst identified $1.25 as the first level XRP must reclaim to demonstrate renewed strength. According to his analysis, a daily close above this price would provide an early bullish confirmation and improve the prospects of a recovery.
#XRP – THE ROAD TO $17 STARTS WITH A CLOSE ABOVE $1.25!
Yes, #XRP has broken below its short-term channel, but the MACRO SUPPORT STRUCTURE is still holding!
Here's what I'm watching:
$1.25: A daily close above this level would be the first sign of renewed strength.… pic.twitter.com/BGOoftZYjm
— EGRAG CRYPTO (@egragcrypto) November 8, 2026
However, Egrag Crypto does not rule out another decline. He highlighted the $1.01 to $1.07 region as a potential destination for a final liquidity wick, suggesting that XRP could experience additional downside before recovering.
He also warned that a break below $1 would seriously challenge the existing bullish structure. Consequently, he considers the $1 support level an important threshold for monitoring XRP’s broader price direction.
Egrag Crypto also outlined his approach to the current market conditions. He revealed that he continues to accumulate XRP through spot purchases, demonstrating his willingness to build his position despite recent price weakness.
However, he takes a more cautious approach to leveraged trading. Rather than entering a leveraged long position immediately, he plans to keep cash available for a potentially significant buying opportunity.
The analyst wants to see confirmation before opening a leveraged position. He emphasized that he does not intend to chase every short-term price movement but prefers to prepare for a larger opportunity when market conditions support an entry.
He reiterated his preference for spot accumulation while describing leverage as a tool that requires careful timing.
Beyond the immediate support and resistance levels, Egrag Crypto maintains an ambitious long-term outlook for XRP. His chart identifies $2.10 and $3.69 as intermediate price targets before presenting a speculative measured-move projection of $17.60.
The accompanying TradingView chart compares XRP’s historical price movements with its current structure. Egrag Crypto uses these historical patterns to support his projection, suggesting that XRP could repeat a previous fractal and deliver a substantial advance.
His chart illustrates a potential move from $3.69 to $17.60, representing approximately 375% growth. However, he makes this target conditional on the historical pattern repeating rather than presenting it as a guaranteed outcome.
Not everyone shares Egrag Crypto’s optimism. Responding to his post, X user Scott Reid dismissed the $17.60 projection and questioned how XRP could reach double-digit prices when it had struggled to hold $1.50 and had yet to reach $4.
Despite the criticism, Egrag Crypto continues to defend his bullish outlook. For now, he is watching for a daily close above $1.25 while monitoring the $1.01–$1.07 support region for a possible final decline.
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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