Ripple\u2019s native token suffered in the past few weeks, dumping below $1.30 on Thursday for the first time in a while. Although it has recovered some ground, its weakness around the $1.33 line continues to look discouraging.<\/p>\n
However, popular analyst EGRAG CRYPTO argued that the choppy price action resembles previous long-term bottoming formations that could translate into a massive run toward the current ATH and well beyond.<\/p>\n
EGRAG has typically remained focused on XRP\u2019s long-term perspective, and the latest analysis is no different. Looking at the token\u2019s three-month chart, the analyst highlighted<\/a> three previous bottoming formations that differed in shape but were all choppy, nonlinear, chaotic, and time-consuming.<\/p>\n He believes the current structure around $1.33 is beginning to display similar characteristics, although he stressed that the bottom has not been confirmed yet. His argument is that investors should not expect major bottoms to form through a clean V-shaped reversal. Instead, extended periods of high volatility and repeated failed moves can exhaust traders before a sustainable recovery commences.<\/p>\n The $1.30 region has already attracted attention from other analysts. As recently reported<\/a>, Bird identified a major demand zone at roughly $1.30-$1.34, while a break above the key resistance at $1.52-$1.56 could potentially open the door toward $2.00. However, the latest rejection at that resistance questioned this narrative.<\/p>\n There are also tentative signs of larger-holder activity around current levels. CryptoQuant data showed<\/a> that the gap between whale and retail XRP outflows on Binance widened sharply between October 7 and 13, even though the metric alone does not confirm outright accumulation.<\/p>\n EGRAG\u2019s long-term thesis comes from the asset\u2019s 21-, 50-, and 100-month exponential moving averages, combined with corrective fractals from previous cycles. If history repeats, he sees<\/a> $3.67 as the major breakout trigger. Obviously, this 2025 ATH level remains a distant mirage at the moment, but EGRAG noted that a surge past it would bring a series of Fibonacci targets into play, such as $5.25, $6.33, and $8.28. After that lies his ultimately macro target of $13.69.<\/p>\n Given the asset\u2019s current struggles, these figures, even the most modest one, remain highly speculative projections rather than guaranteed destinations. For now, the much more immediate battle remains around $1.30. XRP\u2019s spot activity has recently weakened<\/a> substantially, with combined trading volume on centralized exchanges falling by almost $2 billion between late August and mid-October.<\/p>\n The post XRP\u2019s Chaos Near $1.33 Could Be the Start of a Much Bigger Move<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s native token suffered in the past few weeks, dumping below $1.30 on Thursday for the first time in a while. Although it has recovered some ground, its weakness around the $1.33 line continues to look discouraging. However, popular analyst EGRAG CRYPTO argued that the choppy price action resembles previous long-term bottoming formations that could […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-240601","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240601"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=240601"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240601\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=240601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=240601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=240601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Double-Digit XRP?<\/h2>\n