XRP is at a key technical level, and crypto analyst Egrag Crypto is watching closely for signs of either a breakdown or a recovery. The 4-hour chart displayed by the analyst shows a narrowing
XRP is at a key technical level, and crypto analyst Egrag Crypto is watching closely for signs of either a breakdown or a recovery. The 4-hour chart displayed by the analyst shows a narrowing price pattern, where key levels could determine whether XRP moves lower or regains its footing.
The analyst noted $1.4850 as the main level to watch. XRP currently trades in that area after moving inside a narrowing structure formed by descending and ascending trendlines. The chart further shows resistance near $1.53 and support around $1.4850, creating a tighter range as XRP approaches the formation’s apex.
The analyst explained that XRP needs to hold $1.40 while also securing a daily close above $1.4850 to increase the possibility of a false breakdown.
#XRP – BREAKDOWN LIVE WATCH:
I am watching a LIVE breakdown formation.
The key levels are simple: $1.40 holds + daily close back above $1.4850 → strong chance this breakdown becomes a FAKEOUT.
Full-body daily close below $1.4850 → breakdown gains confirmation, and we… pic.twitter.com/s56Xw0jLY6
— EGRAG CRYPTO (@egragcrypto) October 7, 2026
A daily close below $1.4850 would give the breakdown stronger confirmation, according to the analyst. Such a move could open the door to a deeper retracement, with the chart marking $1.4700 as an immediate downside level.
The chart also marks a much lower target near $1.2966, showing the potential retracement range if selling pressure accelerates. On the upside, the chart marks $1.5300 as an important level, followed by a larger target near $1.7166.
The price structure therefore leaves XRP at a decisive point. Holding the lower support levels could allow the asset to recover, while sustained closes below the key levels could extend the decline.
Despite the short-term setup, the analyst maintained a bullish long-term view on XRP. He said investors who wanted to buy XRP at lower prices should remain consistent with that approach if the market provides such an opportunity.
“My long-term conviction remains unchanged: I believe there will come a time when #XRP below $2 becomes history,” the analyst wrote.
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He also reiterated his previous market-cycle view that buying XRP below $1 could eventually become a significant historical entry point. The analyst suggested the current cycle could provide another period that investors may evaluate differently in the future.
The analyst placed greater emphasis on $1.4850 remaining the central level in his setup. A daily close back above it could weaken the breakdown signal, while a full-body daily close below it could confirm further downside. XRP’s reaction around $1.40 and $1.4850 will therefore remain important as the formation develops.
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The post XRP Breakdown Live Watch: Analyst Sets Key Levels For Next Move appeared first on Times Tabloid.
