The Friday market downturn spared no digital asset, and Ripple’s cross-border token was among the hardest hit — falling to about $1.05 for the first time in roughly 19 months.
However, XRP rebounded quickly and climbed near $1.20 earlier today before encountering selling pressure. As of this writing it sits around $1.13, up roughly 5% on the day and having reclaimed several important support levels.
Could More Downside Follow?
Despite the strong bounce from recent lows, prominent analyst EGRAG CRYPTO warned that the broader market structure still looks unfavorable for bulls in the near term. The analyst suggested XRP may be in the final stages of a deeper correction before any sustained rally can begin.
EGRAG pointed to a recurrent pattern seen in prior cycles involving the interaction between the 50-period and 100-period exponential moving averages (EMA) on higher timeframes. Historically, when XRP decisively loses the 50 EMA on the monthly chart, it can set off a chain reaction: momentum fades, price breaks down, traders capitulate emotionally, and the market ultimately sweeps liquidity toward the 100 EMA.
According to the analysis, that sequence appears to be unfolding now. The short-term trajectory still leans downward as the market searches for a true macro bottom. If history repeats, Ripple’s token could endure additional pressure before completing this cycle’s capitulation phase.
And Then the Rally
EGRAG argues that this painful phase may be a necessary precursor to a much stronger rally. Rather than trying to time a perfect bottom—a task that has repeatedly proven difficult—the analyst recommends focusing on building positions gradually and managing risk, since the exact entry price matters far less once a sustained uptrend begins.
Their macro targets start with relatively conservative levels such as $7 or $8, and extend to higher objectives like $13 or potentially mid-double-digit prices if momentum resumes strongly.
“Trying to catch the perfect bottom is one of the fastest ways to miss the entire macro move.
That’s why I focus on:
▫️ Position building
▫️ Liquidity management
▫️ Probability zones
▫️ Macro structure
▫️ And not ego.”