- XRP’s monthly candles signal seller exhaustion, not breakdown, with weakening red bodies and fading downside momentum.
- Price holding above the 21 EMA preserves long-term bull structure during the market reset phase.
- Elliott Wave projections suggest $9–$13 XRP potential if confirmation breaks above $2.50–$3.40.
In the volatile world of cryptocurrency, few assets command as much attention as XRP, Ripple’s flagship token designed for cross-border payments. As Bitcoin stabilizes post-halving and altcoins eye a potential rotation, technical analyst EGRAG Crypto has delivered a compelling case for why XRP’s recent dip may be more opportunity than catastrophe. In a detailed thread on X (formerly Twitter), EGRAG dissects the monthly chart, arguing that current price action screams “seller exhaustion” rather than a bearish breakdown.
Why Holding the 21 EMA Keeps the Bull Case Alive
XRP hovering around the $1.96 mark, the analysis hinges on classic candlestick patterns and key moving averages, offering a roadmap for traders navigating this consolidation phase.EGRAG points to the last three monthly candles as a textbook “DON’T SELL” structure: a sharp red impulse down, followed by smaller-bodied follow-through candles with waning volume. This sequence, he notes, indicates fading selling pressure, with price stabilizing near the psychological $2 level. Crucially, XRP remains above its monthly 21 EMA—a critical bull market guardian—preserving the uptrend’s integrity.
Probabilities, Not Predictions: Mapping XRP’s Bottom
The market is in a reset/consolidation phase, not a breakdown,” EGRAG emphasizes, echoing sentiments from seasoned chartists who view such pauses as fuel for explosive moves.Delving deeper, the analyst outlines bottom formation probabilities: a 55-60% chance of a shallow base, 25-30% for one final flush lower, and just 15% for a deeper downtrend. This probabilistic framework underscores the asymmetry favoring bulls, especially in a risk-on environment. EGRAG’s Elliott Wave count, linked in the thread, projects $9-13 targets on an upside breakout, translating to a tantalizing $10 XRP within 3-6 months under ideal conditions—like sustained ETF inflows exceeding $1 billion or an altseason ignition.
Elliott Wave Targets: What Confirms the Breakout
Yet, he tempers optimism: confirmation via a close above $2.50-$3.40 is essential to validate momentum.This isn’t blind hype; it’s grounded in XRP’s fundamentals. Ripple’s ongoing legal victories, expanding partnerships with banks, and the token’s utility in real-world remittances position it for outsized gains as global adoption accelerates. In a sector where fear often overshadows fact, EGRAG’s dissection serves as a clarion call: hold steady, watch the EMA, and prepare for the pivot. As crypto winters thaw into springs, XRP’s resilience could redefine 2026’s narrative.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
