Egrag Crypto: Here’s Why XRP Is Now Inside a Range-Rebuild Phase

Crypto analyst Egrag Crypto has outlined what he believes is a crucial phase for XRP, stating that the asset’s recent price action reflects a battle between buyers defending support and sellers protecting resistance.

In his latest analysis shared on X, Egrag suggested that the market is now in a “range-rebuild phase,” with several technical levels likely to determine XRP’s next major move.

Using a daily XRP chart, the analyst focused heavily on wick behavior and how recent price reactions have shaped the current market structure. According to him, the lower wick that formed near the $1.11 region provided an important signal that buyers remain active at critical support levels.

“The bullish lower wick from the $1.11 zone was not random,” Egrag wrote, emphasizing that the market’s response at that area carried technical significance.

Lower Wicks and Upper Wicks Tell Different Stories

Egrag stated that traders should pay close attention to both ends of XRP’s recent price range.

He noted that while buyers successfully defended the downside near $1.11, sellers quickly emerged as the price attempted to move higher. Referring to the upper wick formed during the previous trading session, he said the rejection near resistance showed that market participants remain cautious about allowing XRP to break into higher territory.

According to the analyst, the current setup presents a straightforward message. Buyers have defended the floor, sellers have defended the ceiling, and XRP remains trapped between those competing forces while the market determines its next direction.

He maintained that this balance explains why XRP has entered a consolidation period rather than immediately continuing either a bullish breakout or a deeper decline.

The Levels Egrag Says Investors Should Watch

Egrag highlighted several price levels that he believes define XRP’s evolving structure.

He identified $1.11 as the “survival zone,” noting that XRP has already managed to hold above that support. The next milestone came at $1.21, which he described as the first indication of renewed strength. Based on his roadmap, XRP has already achieved both objectives.

The analyst said the focus now shifts toward reclaiming higher levels. A move through $1.28 would suggest improving market structure, while a break above the $1.35 to $1.38 level would indicate that bulls are beginning to regain control.

However, Egrag stressed that the most significant level remains $1.51. He described it as the major breakout zone that could open the door to broader price expansion if XRP decisively moves above it.

“Full confirmation begins only when price starts reclaiming the upper levels,” he stated.

For now, Egrag’s assessment suggests that XRP remains in a decision-making phase. His conclusion was clear: the lower wick showed that buyers defended support, the upper wick confirmed that sellers still control resistance, and the range itself is revealing where the market stands.

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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