Crypto analyst EGRAG CRYPTO (@egragcrypto) has shared an analysis showing how XRP’s current setup could decide the next major move. The analyst highlighted two widely watched moving averages
Crypto analyst EGRAG CRYPTO (@egragcrypto) has shared an analysis showing how XRP’s current setup could decide the next major move.
The analyst highlighted two widely watched moving averages that are creating a key zone on the 3-week chart. He focuses on structure rather than short-term price swings as XRP continues to trade within a narrowing range.
According to the analyst, the current phase is between the 33 exponential moving average and the 111 simple moving average. He described this area as a long-term compression zone and wrote, “The Formula Is 33 & 111.”
XRP Tests a Historical Compression Zone
The chart highlights the 33 EMA above the price and the 111 SMA below it. He argues that this range has repeatedly acted as a major accumulation area before large advances.
His analysis also compares the depth of corrections across previous market cycles. The first pullback reached -46%, while the second declined by -32%. He believes the current decline will send XRP down by around -21%, continuing the pattern of shallower declines, and potentially pushing the asset below $1.
The Pressure is Weakening
The analyst wrote that “Selling pressure is weakening” while the long-term trendline continues to rise. The chart supports that view by showing a rising white trendline connecting higher lows across several years. XRP remains above that trendline despite the latest pullback.
The chart also includes earlier consolidation patterns before strong breakouts. The analyst labels those formations as Perfect Measured Moves, using them as historical examples that support his current outlook.
Key Price Levels Remain In Focus
The analysis identifies several technical milestones before any larger move can develop. EGRAG CRYPTO says XRP needs to hold the 111 SMA, reclaim the 33 EMA, then break and close above a range between $1.60 and $2.
The chart places a wide horizontal resistance zone near that area. XRP has tested this region before without producing a sustained breakout. A successful move above it would complete the consolidation pattern shown on the chart.
XRP’s Price Targets
The chart presents four upside targets following a confirmed breakout. Those levels stand at $17, $27, $35, and a Perfect Measured Move of $42. According to his analysis, “The answer is 42.” The analyst links those projections to historical measured moves that followed similar long-term consolidations.
Rather than relying on short-term momentum, the analysis centers on repeating technical patterns that have developed over multiple market cycles.
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