Crypto analyst Egrag Crypto has warned that XRP could face another decline toward $1 after the cryptocurrency failed to hold the $1.18 level he previously identified as a potential support zone.
The analyst now considers the $1.11–$1.07 range the final potential support area before the market risks a more significant technical breakdown. Despite the declining price, Egrag Crypto continues to accumulate XRP while waiting for stronger confirmation before considering leveraged positions.
XRP Faces Critical Support Between $1.11 And $1.07
In his latest analysis posted on X, Egrag Crypto described the current price movement as the worst-case scenario he had outlined in previous chart updates. He explained that his preferred scenario involved XRP bouncing from $1.18, but the cryptocurrency failed to produce the recovery he anticipated.
His accompanying daily chart shows XRP approaching a major ascending support trendline, with the analyst identifying $1.11 and $1.07 as important levels to monitor. The chart also marks $1.1111 as a reference level near the current price, while $1.07 represents another potential area where buyers could attempt to prevent further losses.
#XRP – THE WORST-CASE SCENARIO IS PLAYING OUT! ⚔️🔥
I've shared this chart countless times. Now the downside scenario is unfolding!
My preferred setup was a bounce from $1.18, but #XRP had other plans.
HERE'S WHERE WE STAND:
🔹 $1.11–$1.07: Final potential support zone.
— EGRAG CRYPTO (@egragcrypto) November 9, 2026
Egrag Crypto also maintained that XRP could decline to $1 without necessarily destroying its broader higher-low structure. This means the cryptocurrency could experience another downward move while preserving its longer-term technical formation.
However, he identified a daily close below $1.07 as a much more serious development. Such a move could indicate a structural breakdown of the entire formation rather than a temporary loss of support.
Egrag Crypto Continues Accumulating XRP Despite Downside Risk
Although the analyst acknowledged the possibility of additional losses, he confirmed that he continues to accumulate XRP through spot purchases.
Egrag Crypto explained that he approaches the current price levels strategically and accepts that the market could move lower before establishing a recovery. His decision to continue buying suggests that he maintains confidence in XRP’s longer-term outlook despite the immediate weakness on the chart.
He also distinguished his spot investment strategy from his approach to leveraged trading. Rather than rushing into leveraged positions during the decline, he wants to see confirmation from XRP’s price action before considering an entry.
His position reflects a preference for accumulating the asset without introducing the additional risks associated with leveraged exposure.
XRP Recovery Targets Extend To $1.80
On the recovery side, Egrag Crypto identified four price levels that XRP would need to reclaim as it attempts to reverse its current decline.
His chart places the first recovery target at $1.25, followed by $1.43. A stronger recovery could then take XRP toward $1.63 and eventually $1.80.
The chart also shows the 100-day exponential moving average and several trendlines that help define the technical structure surrounding these levels.
For now, Egrag Crypto maintains his conviction but insists that price action must confirm the next move. His closing message reinforces his preference for spot accumulation over rushed leveraged trades: “SPOT IS KING. LEVERAGE IS A TOOL.”
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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