XRP has come under renewed selling pressure this week, sliding back into a key support band around $1.10 as short-term momentum remains tilted toward sellers. That pullback has placed the token squarely inside a notable zone on the monthly chart — and one crypto analyst says there could be one more bearish shakeout before a much larger bull run.
What the chart says
- Analyst EGRAG CRYPTO studied XRP on the monthly candlestick timeframe, focusing on the 50-month and 100-month exponential moving averages (EMAs). According to his pattern reading, when XRP loses the 50-month EMA decisively on higher timeframes, the sequence historically plays out as weak momentum and emotional selling followed by a final liquidity sweep down toward the 100-month EMA — and then the next sustained rally.
- EGRAG notes the current monthly candle has opened the active weekly candle below the 50-month EMA, which places XRP in a fragile “face-melting” phase where another drop to the 100-month EMA is possible as the market searches for a macro bottom. His chart even leaves room for a move below $1 before the macro reversal.
How the analyst is positioning
- Rather than waiting for a confirmed bottom, EGRAG says he’s averaging into a position across multiple price zones he views as probability buckets: roughly $1.09, $0.92, $0.85 and $0.70.
- His risk-management message: the exact bottom matters less if the upside is large — so layering entries across lower levels can reduce average cost without trying to time a perfect turn.
The upside case: big numbers after the sweep
- On a recovery scenario, EGRAG’s roadmap shows XRP breaking back above the current cycle high (~$3.65) and then climbing through multi-dollar targets, with highlighted levels around $9, $13, $17, $20 and $27.
- In an example calculation, he compares low-entry scenarios (entries at $1.09, $0.92, $0.85, $0.70) to upside targets in the single- and double-digit range (e.g., $7–$13 and into the mid-double-digit zone), arguing that large returns can dwarf the importance of nailing the precise bottom.
Price context and math
- At the time of writing XRP trades near $1.14, down about 12% over the past seven days.
- For perspective: a move from $1.14 to $10 implies a roughly 777% rally; to $13 implies about a 1,040% gain; and a run to $27 would be approximately +2,260%.
Bottom line
EGRAG’s thesis blends a classic moving-average liquidity-sweep idea with a dollar-cost-averaging entry plan: expect possible further downside toward the 100-month EMA (and even sub-$1 levels), but prepare for a steep upside if history and his targets play out. As always, this is chart-based analysis, not financial advice — XRP remains volatile and subject to rapid moves in either direction.
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