Egrag Crypto to XRP Holders: The Triple Bottom Is Almost Complete. Here’s the Meaning

Crypto analyst Egrag Crypto has presented a technical outlook suggesting that XRP may be approaching the final stage of a major multi-cycle chart formation.

In an X post shared with his followers, the analyst pointed to what he described as a developing triple-bottom structure that has formed across multiple market cycles. According to his interpretation, this pattern could signal that XRP is nearing the end of a long corrective phase before a potential expansion.

Egrag Crypto urged observers to examine the chart from a macro perspective rather than focusing on short-term movements. He argued that markets tend to move through recognizable structures over time and that XRP’s long-term price behavior appears to follow the pattern.

In his view, XRP is forming three major base levels collectively creating a triple bottom formation that has taken shape across several months and cycles.

The analyst stated that this structure has developed while XRP continues to respect its long-term trend and moving average alignment. This consistency, he explained, strengthens the argument that the pattern may represent a meaningful technical formation rather than random price movement.

Final Corrective Phase Appears to Be Underway

Egrag Crypto explained that the current price movement may represent the final descending leg of the pattern. He identified this stage as an ABC corrective structure, a common technical formation in which the market dipped in three segments before stabilizing.

According to the chart interpretation he shared, XRP may now be approaching the end of the final corrective wave, often referred to as wave C. If this phase concludes as expected, the triple bottom structure could be completed once the correction finishes and the price begins to move upward again.

The analyst also identifies a key area that he believes could serve as XRP’s final bottom. He identified the region around $0.91 as a major confluence level combining several technical signals. This price level aligns with the 0.618 Fibonacci retracement, an area widely monitored by technical analysts. It also corresponds with previous demand levels and the final portion of the corrective structure shown in the chart.

Egrag Crypto suggested that this region could represent a final liquidity sweep before the market transitions into a new phase.

Key Level at $1.65 Seen as First Major Strength Signal

Beyond the potential bottom zone, the analyst identified a critical level that he believes will confirm whether the structure has shifted toward a bullish phase. According to his analysis, XRP must reclaim the $1.65 level on the weekly timeframe to signal initial strength.

If that level is recovered, the descending corrective structure would break. Such a move would support the argument that the triple bottom formation has completed and that the market is entering a new expansion phase.

Egrag Crypto concluded that once the structure breaks, the chart could begin aligning with higher Fibonacci extension levels and the next cycle of market growth. He summarized his view by emphasizing that market structure remains the most important factor in understanding long-term price movement.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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