Expert States XRP’s Major Support Zone

Crypto analyst Egrag Crypto expects the $1.40–$1.41 range to provide an important test for the cryptocurrency. His latest analysis outlines two possible paths from this zone, depending on whether XRP can recover key resistance levels or continues to trade lower.

Egrag Crypto Focuses on $1.40–$1.41

Egrag Crypto said the breakdown from $1.50 that he previously warned about appears to be unfolding. He now wants XRP to hold the top of the yellow falling channel displayed on his chart.

The analyst identified $1.40–$1.41 as his immediate area of focus and urged traders to watch XRP’s reaction closely around that range. Rather than predict the next move outright, Egrag Crypto wants price action to confirm the market’s direction.

His chart also marks $1.4933 and $1.5557 as important levels above the current price. XRP would need to recover these areas to strengthen the short-term structure outlined in his analysis.

XRP Needs to Reclaim $1.55

Egrag Crypto said a strong bounce from $1.40–$1.41 followed by a close above $1.55 could establish a local bottom and support bullish continuation.

The chart places $1.5557 around the 0.5 Fibonacci level, while the 0.702 level sits near $1.5976. Egrag Crypto also marks approximately $1.6584 as a higher resistance level.

However, he also described what could happen if XRP fails to regain $1.55. A weak reaction from $1.40–$1.41 combined with continued rejection below $1.55 would make the mid-channel near $1.22 increasingly relevant, according to his analysis.

Egrag Crypto Marks $1.22 for Accumulation

Egrag Crypto said he would consider the $1.22 region a major accumulation area if XRP moves lower. He also said lower price levels could provide additional accumulation opportunities.

His chart places $1.22 near the middle of the broader yellow falling channel. The structure extends across a wider range and includes additional support levels below XRP’s current trading area.

Egrag Crypto ended his analysis by telling his followers not to guess the next move. Instead, he wants the price to confirm the direction before traders form a bias. He summarized his approach, “Structure > Opinion > Bias.”

For now, Egrag Crypto’s analysis centers on XRP’s reaction at $1.40–$1.41 and whether the cryptocurrency can recover $1.55 afterward.