EGRAG’s XRP Pattern: From a 50 EMA Break to a Two-Digit Target

Prominent market analyst EGRAG has shared how what he calls the XRP “face-melting setup” could lead prices to double digits.

Amid the broader crypto market collapse, XRP has recorded a 14.8% drop this month alone. As prices fell, data confirms that the asset has now lost the 50-period Exponential Moving Average (EMA) on the monthly chart.

Despite the weakness, XRP remains above the 100-period EMA. EGRAG pointed out this setup in a recent analysis and explained what it could mean for the next move, presenting a path to $27.

XRP’s Historical Pattern Suggests Move Toward 100 EMA

EGRAG based his analysis on how XRP has behaved in the past around the 50 EMA and 100 EMA on higher timeframes. He noted that when XRP clearly loses the 50 EMA on the monthly chart, the price usually moves toward the 100 EMA sooner or later.

In previous cycles, this move followed a similar path. The price first showed a loss of momentum, then broke below the 50 EMA. This often led to panic selling, followed by a final sweep of liquidity around the 100 EMA. After this phase, XRP typically entered a new macro expansion phase.

According to EGRAG, the same structure may be forming again. XRP lost the 50 EMA when it dropped below $1.3, with the indicator currently sitting at $1.32, while the asset trades around $1.13. This supports the idea that XRP could continue following its past pattern.

XRP Downside Targets $0.93 and the “Death Zone”

Data from the accompanying chart also reveals a projected path lower, which EGRAG calls the green trajectory. This path suggests that XRP may keep falling as the market looks for a true macro bottom.

If the green trajectory plays out, XRP could retest the 100 EMA at $0.93, where it may find some support at first. However, even if the price bounces there, EGRAG expects that XRP could drop again below the 100 EMA. If this happens, the price may move into what he calls the “death zone,” which lies between $0.70 and $0.80.

This range could mark the final stage of the decline, where selling pressure reaches its peak before the market stabilizes. The analyst sees this as a major part of the cycle before a stronger recovery begins.

XRP Eyes $9, $13, $17, and $27

Despite the short-term weakness, EGRAG remains confident about XRP’s long-term potential. He believes that after falling into the $0.70 to $0.80 death zone, XRP could find support and begin a massive upward move.

From there, the price could push toward new highs, with targets at $9, $13, $17, and eventually $27. EGRAG chose to call this phase the “face-melting” setup due to the scale of the expected upsurge. 

Meanwhile, he also revealed why he continues to accumulate XRP even if prices may fall further. He explained that risk management is more important than trying to buy at the exact bottom. 

Specifically, whether someone buys at $1.09, $0.92, $0.85, or even $0.70, it makes little difference if XRP later reaches $7, $8, $13, or higher double-digit levels.