Analyst EGRAG CRYPTO says XRP isn’t collapsing — it’s compressing. In a Friday post focused on the monthly chart, he pointed to the 21-period exponential moving average (21 EMA) as the “most important trigger” and argued that reclaiming $2.20 would flip the market back to a decisively constructive structure.
EGRAG framed his view cautiously: “I don’t predict the future. I read charts, study cycles, and utilize indicators,” he wrote. His read is structural rather than a straight bullish call — the 21 EMA on the monthly timeframe has been the central trend reference through multiple XRP cycles, and recent price action has slipped below that line.
What’s happening now looks like a descending compression or falling channel, not a blow-off crash. The latest monthly candles show smaller bodies and weakening downward momentum after the prior impulse higher — behavior EGRAG interprets as “seller exhaustion, not collapse.” Visually, the right side of the structure narrows into a decision zone instead of producing a steep, impulsive unwind.
EGRAG sketches two main paths from here:
- Liquidity Sweep First: a final shakeout toward roughly $0.80–$1.00, a scenario he describes as a “wedge measured move & liquidity below.”
- Fast Reclaim: a quicker bullish turn if XRP reclaims $1.65–$1.80, which would suggest buyers are regaining control before a deeper flush.
But the single level he highlights as a macro pivot is $2.20. “The Level That Changes Everything $2.20: Reclaim that level and the expansion phase reactivates,” he wrote, adding a near-term roadmap of “$2.20 reclaim, $2.50 retest.” On this view, a move above $2.20 wouldn’t just be a local breakout — it would invalidate the idea that XRP remains trapped below a failed breakout zone and would mark a return to expansion.
Until then, EGRAG’s shorthand is simple: “This is compression, not capitulation.” Structure matters more than headline noise, he says — traders should watch the 21 EMA and the $1.65–$1.80 and $2.20 zones for clues on whether XRP heads toward a shakeout or a renewed rally.
At press time, XRP traded at $1.41.
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