XRP’s price action has come under heavy pressure in recent days alongside the 
rest of the market, falling back into a major support region around $1.10 with 
sellers still controlling short-term momentum. The decline has placed XRP 
directly inside a notable zone on the monthly candlestick long-term chart. 
Particularly, technical analysis done by crypto analyst EGRAG CRYPTO indicates 
that XRP may still face one more liquidity sweep before a much larger move 
above $10. XRP In Face-Melting Phase EGRAG’s analysis is based on the monthly 
candlestick timeframe chart depicting XRP’s behavior around the 50-month and 
100-month exponential moving averages. According to the analyst, XRP has shown 
a recurring pattern on higher time frames whenever it loses the 50 EMA 
decisively. The breakdown is usually followed by weak momentum, emotional 
selling, and a final liquidity sweep into the 100 EMA before the next rally 
kicks off again. Related Reading: XRP Price To See Violent Discontinuous 
Repricing And $10 Could Only Be The Start That model is important because 
XRP’s current monthly candle has already opened the current weekly candlestick 
below the 50 EMA, placing the price action in a fragile position. This 
positions XRP in a face-melting phase where it has a possibility of falling to 
the 100 EMA, while the market continues searching for its true macro bottom. 
The analyst’s projected path leaves room for more downside first, with the 
chart pointing to a possible crash below $1. However, one of the more 
counterintuitive dimensions of EGRAG CRYPTO&#8217;s analysis is what he does while 
anticipating further downside. Rather than waiting for a confirmed reversal, 
the analyst is actively building a position across a range of entry prices at 
$1.09, $0.92, $0.85, and even $0.70, treating each level as a probability 
zone. The Numbers Say XRP Is Headed Above $10 Another interesting part of the 
analysis is not the possible move lower, but the upside numbers that follow 
it. EGRAG’s chart shows a major recovery path out of the current support range 
and into a break above the current cycle high at $3.65. The projections show 
upside levels highlighted at $9, $13, $17, $20, and $27. Related Reading: 
Ripple IPO Is Not A Pipe Dream: Industry Expert Predicts When XRP Investors 
Should Expect Public Listing EGRAG’s point is that the exact bottom may matter 
less if XRP eventually reaches these projected bullish targets. Risk 
management matters more than catching the exact bottom, and his example 
compares entries at $1.09, $0.92, $0.85, or $0.70 with upside targets at $7, 
$8, $13, and mid-double-digit prices. Entering at those low prices will not 
matter when XRP reaches those high targets. At the time of writing, XRP is 
trading at $1.14, down by 12% in the past seven days. A move from the current 
$1.14 price to $10 would require a rally of about 777%. A climb to $13 would 
represent a gain of more than 1,040%. Lastly, a rally to the $27 level on the 
chart would require XRP to rise by more than 2,260% from the current range. 
Featured image from Adobe Stock, chart from Tradingview.com

XRP’s price action has come under heavy pressure in recent days alongside the rest of the market, falling back into a major support region around $1.10 with sellers still controlling short-term momentum. The decline has placed XRP directly inside a notable zone on the monthly candlestick long-term chart. Particularly, technical analysis done by crypto analyst &#8230;

XRP’s Face-Melting Phase: The Numbers Say Price Is Headed Above $10

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XRP’s Face-Melting Phase: The Numbers Say Price Is Headed Above $10

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