EGRAG Crypto, a well-regarded XRP group analyst, has insisted that XRP stays inside a highly effective accumulation zone.
His bullish disposition comes at a time when XRP has corrected with the remainder of the crypto market amid widespread uncertainties. Particularly, between Nov. 3 and 4, the whole crypto market cap misplaced almost $350 billion, with XRP collapsing 13.16% inside this era to the $2.2 worth degree.
XRP Still in a Bullish Place
Nonetheless, regardless of the pullback, EGRAG has maintained confidence in XRP’s long-term prospects. In his newest analysis, EGRAG confirmed that he was presenting the commentary with zero worry in spite of the massacre that had simply ravaged the market.
Based on him, he stays optimistic as a result of nothing has modified on the upper timeframe, as XRP maintains its long-term bullish construction. He first referred to as consideration to information distortion that occurred throughout a number of exchanges like Binance, Bitstamp, and Coinbase on Oct. 10. This distortion led to conflicting information, however he recognized $1.4 as the Oct. 10 low.
Subsequent, the market analyst revealed that as lengthy as XRP holds above the $1.94 help space, it maintains its bullish construction. EGRAG famous that inside this space, XRP stays in some of the highly effective (*2*) zones buyers have seen. He charged buyers to benefit from this degree now that panic has set in, else they are going to remorse it later.
In the meantime, information from his chart exhibits that XRP nonetheless trades inside a vary it shaped after the drop from $3.4 in January 2025. Through the Oct. 10 crash, the altcoin collapsed to retest the decrease trendline of this vary, however the bulls defended the help at this space, with XRP instantly rebounding into the vary.
Micro Wick Target at $10; Macro Wick Target at $50
As XRP continues to commerce inside this construction, EGRAG stays bullish regardless of the altcoin now sitting nearer to the decrease trendline. Based on him, if a restoration lastly results in an upward breakout, the primary goal, which he dubs Micro Wick 1, sits at $10. This represents a 326% improve from XRP’s present worth of $2.34.
In the meantime, he famous that if the continued correction marks a Macro Wave 2 pull, then the incoming Wave 3, which might signify the restoration push, would hit a goal that’s 1.618x the rise witnessed throughout Wave 1. Notably, this may put the upward goal at a vary between $14 and $25.
Talking additional, EGRAG additionally highlighted a attainable Macro Wick 2 after the Micro Wick 1. He identified how some analysts have claimed that XRP may nonetheless drop to fill the downward wick on Binance that pushed costs to $0.77 on Oct. 10. Notably, through the Oct. 10 crash, the XRP worth collapsed deeper to $0.77 on the Binance trade.
Nonetheless, EGRAG argued that if the market may fill the downward wick to $0.77 on Binance, then it may additionally fill the upward decide to $50 on Gemini. For context, shortly after it listed XRP for the primary time in August 2023, Gemini noticed a large XRP price spike to $50 attributable to skinny order books. Based on EGRAG, if XRP strikes towards filling wicks, then $50 is the true blowoff wick goal.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed in this text could embrace the creator’s private opinions and don’t replicate The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Fundamental will not be answerable for any monetary losses.
