For most XRP traders, a return toward $1 looks like damage. EGRAG Crypto is reading the same move very differently. His latest weekly chart argues that XRP has fallen back into a rising macro
For most XRP traders, a return toward $1 looks like damage.
EGRAG Crypto is reading the same move very differently.
His latest weekly chart argues that XRP has fallen back into a rising macro structure that has been developing for more than a decade. Instead of treating the current weakness as proof that the long-term thesis has failed, he sees the area around $1 as one of the most important tests XRP has faced in years.
If the lower boundary holds, EGRAG believes the current selloff could eventually look less like a collapse and more like another major accumulation phase.
The XRP chart is built around two long-term ascending lines.
The lower one, which EGRAG calls the “macro bottom line,” has acted as support beneath XRP’s largest historical cycles. A higher “central line” has repeatedly acted as an upside reference point.
XRP is now trading around $1.03 and has moved back toward the lower part of that structure.
EGRAG points to previous reactions from this region in 2018, 2022 and subsequent cycles as evidence that the line has remained relevant over time.
Source: X/@egragcrypto
The important distinction is that he is not saying every touch produced an immediate rally.
His thesis is that XRP repeatedly established important long-term bases around this rising zone before eventually moving considerably higher.
The most useful part of EGRAG’s chart is not the $60 or $180 numbers displayed near the top.
Those are logarithmic measured-move projections and the analyst explicitly labels them as extreme scenarios rather than guaranteed targets.
The more immediate macro hurdle sits much lower.
EGRAG identifies roughly $4-$4.50 as the area XRP would eventually need to overcome before the much larger projections deserve serious attention.
From $1.03, reaching $4 would already mean a gain of about 288%.
That alone shows how much work XRP would have to do before the chart’s most aggressive targets become relevant.
The path drawn on the chart also includes multiple corrections rather than a straight move upward.
Read also: Crypto Market Crash: How Low Can Bitcoin and XRP Go?
The bullish case depends entirely on the lower trendline continuing to function as support.
XRP recently traded below $1 during the broader crypto selloff before recovering slightly above that psychological level. The market remains fragile, and further Bitcoin weakness could easily put this support under pressure again.
That creates a much cleaner way to evaluate EGRAG’s thesis.
If XRP establishes a durable bottom near the macro line and begins recovering through previous resistance, the long-term channel remains useful.
If price decisively loses the structure, the argument that $1 represents a “generational” setup becomes much harder to defend.
This is also why simply quoting the $60 and $180 targets misses the point of the chart.
The real signal is happening now, near $1.
EGRAG’s interpretation is extremely bullish, but the chart itself still leaves room for uncertainty.
Long-term trendlines depend heavily on how they are drawn, particularly on logarithmic charts covering more than a decade. Historical reactions also do not guarantee that another touch produces the same result.
But there is one reason the setup is worth watching.
XRP is testing long-term support after a substantial correction rather than after an extended rally.
That gives bulls a clearly defined area where the thesis either starts working or becomes weaker.
EGRAG sees the crowd focusing on the crash.
He is focusing on where that crash has taken XRP.
If the decade-long rising support survives again, the current price near $1 could become one of the more consequential areas on XRP’s long-term chart.
The $60 and $180 projections can wait.
The first question is much simpler: can XRP prove that this macro floor still matters?
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The post XRP Price Near $1 Could Be a Generational Setup, Analyst Says appeared first on CaptainAltcoin.
