XRP could be setting up for a major trend reversal as a rare, multi-cycle triple bottom begins to take shape on the macro chart — a development highlighted by charting account EGRAG CRYPTO. This long-term structure, uncommon in markets, suggests selling pressure may be running out and that price is stabilizing around important support levels.
What’s forming
EGRAG CRYPTO points to three distinct base formations unfolding over several months, with price still respecting the broader trendline and moving averages. The current move appears to be the last leg of the corrective phase — commonly described as an ABC correction — which, if correct, would mean XRP is approaching the completion of wave C. That terminal leg often coincides with the exhaustion of sellers and a critical inflection point where a shift from correction to renewed upside becomes more probable.
Key levels to watch
- $0.91: Identified as a high-probability “final bottom” zone. This level lines up with the 0.618 Fibonacci retracement, prior structural demand, and the expected endpoint of the correction, making it a likely area for a final liquidity sweep.
- $1.65: The first clear macro bullish signal would be a strong, sustained reclaim of $1.65 on the weekly timeframe. Clearing and holding this level would break the descending corrective structure and signal that the triple bottom formation is nearing completion.
What comes next
If the pattern resolves bullishly, the path would open for a phase of macro expansion, with upside targets aligning to higher Fibonacci extension levels and the broader cycle dynamics that follow an accumulation pattern. In short, the setup provides a practical roadmap: watch $0.91 for a potential final base, $1.65 for a first major confirmation of strength, and a confirmed break of the descending structure for the transition into a new bullish phase.
Caveat
As with any technical interpretation, this scenario isn’t guaranteed — traders and investors should look for confirmation and manage risk accordingly. EGRAG CRYPTO’s read gives a clear framework for what to monitor as XRP’s macro story develops.
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