Some XRP traders are calling for lower prices. Analyst EGRAG CRYPTO (@egragcrypto) is urging caution.
He published a detailed daily chart analysis warning that a deeper drop could cost bulls far more time than they expect. The setup he sees on the chart tells a different story from what the crowd is currently demanding.
The daily chart covers price action from May 2026 through a projected path into early 2027. It identifies a double bottom pattern, EMA crossovers, key support zones, and projected price targets. EGRAG CRYPTO carries a bullish lean in his reading, but he outlines the conditions that could shift that outlook significantly.
#XRP – WATCH WHAT YOU WISH FOR! 🤫👶:
To all the NEWBIES screaming LOWER, LOWER & LOWER… BE CAREFUL WHAT YOU WISH FOR! 👀
THE 1-DAY CHART IS TELLING A DIFFERENT STORY!
▫️100 EMA × 200 EMA – BULLISH CROSS!
▫️$1.24–$1.25 – THE STRUCTURAL LINE IN THE SAND!
▫️DOUBLE-BOTTOM WICKS –… pic.twitter.com/R3NEHcvwxB— EGRAG CRYPTO (@egragcrypto) October 24, 2026
The Double Bottom and EMA Cross
Two separate wicks in the chart, labeled double and bottom, form the base of the current setup. Both wicks tested the $1.18 to $1.20 zone before buyers pushed the price back above $1.24. The first came just before XRP’s breakout to $1.65 in September. The second is forming now.
EGRAG CRYPTO notes the 100 EMA and 200 EMA have produced a bullish cross on the daily timeframe. He acknowledges that “daily EMA crosses can produce false signals. Confirmation matters.”
The chart also marks a prior explosive move that started on August 19, and helped XRP reclaim a key structural level. The asset is now retesting that same level from above. The analyst sees that retest as the defining moment for near-term direction.
The Range and the Targets
EGRAG CRYPTO favors trading the current range while support holds. His near-term target sits at $1.45 to $1.47, a level he calls the next major battle. The chart marks $1.27 and $1.18 as support levels to watch on the downside. A Fibonacci level at $1.2457 also appears on the chart as a structural reference.
He addresses traders calling for a deeper pullback, telling them to “be careful what you wish for.” A sustained daily close below $1.24 could lead to “months of additional consolidation before recovery.” That scenario would delay any move toward the upper targets shown on the chart, including a projected area near $4 in early 2027.
Spot Accumulation vs. Active Trading
EGRAG CRYPTO separates his advice for active traders from his guidance for spot buyers. Traders working the range have $1.45 to $1.47 as the upside target.
Spot buyers, he suggests, can accumulate in the current zone. The setup stays contingent on XRP holding above $1.24 on a sustained daily basis. That level holds, the structure favors a move higher.
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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