Crypto analyst EGRAG CRYPTO (@egragcrypto) has put out a stark warning for XRP holders. The analyst sees a weekly double top forming, with two major rejections near the same resistance level. “If the neckline breaks with a confirmed weekly close, the bearish setup could accelerate,” the post states.
The asset currently sits at $1.3394, and the analyst is urging traders to prepare for significant volatility. The warning sounds alarming, but a closer look at the chart changes everything.
What the Chart Actually Shows
The chart EGRAG CRYPTO published is inverted. What appears to show price collapsing downward is actually a projected upward move. The two apparent highs forming the supposed double top are, in correct orientation, two lows. That makes the pattern a double bottom, a well-known bullish reversal structure.
This reframes the entire setup. The crash EGRAG CRYPTO describes visually on the flipped chart is actually a projected breakout to the upside.
#XRP – THE WEEKLY DOUBLE TOP! CRASH INCOMING? ⚠️
THE WICKS ARE WARNING US! 👀
Two major tops. Repeated rejection. A potential WEEKLY DOUBLE TOP!
The structure is raising RED FLAGS! 🚩
🔻If the neckline breaks with a confirmed weekly close, the bearish setup could accelerate!… pic.twitter.com/lmFMEZvTOj— EGRAG CRYPTO (@egragcrypto) October 22, 2026
The Real Price Targets
The green arrows on the chart, which appear to plunge downward in the flipped version, actually map out an ascending bullish path. The projected moves target $1.70, then a pullback before a move toward $2.60. After another pullback, the all-time high of $3.65 is the next target before the final run to levels above $5.50.
Several key horizontal zones mark the levels to watch. Major resistance and support clusters appear near $1, $1.70, $2.60, and $3.60.
Confirmation Still Required
EGRAG CRYPTO is clear that no trade should be made before the pattern confirms. He added the pattern will not be confirmed until the neckline breaks. A confirmed weekly close above the neckline would validate the bullish structure.
Regardless of direction, the analyst expects significant price movement ahead. The post urges traders to trade with the confirmation instead of positioning early. XRP has spent considerable time consolidating in 2026, and the resolution of this pattern will likely determine the next major directional move.
The weekly timeframe gives the setup additional significance. Patterns that develop over multiple weeks carry more structural weight. Whether traders follow the alarming headline or read the chart beneath it, the message is the same. A major move is coming, and the structure, when read correctly, suggests that a major breakout is imminent.
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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