XRP Crash Today Is a Liquidity Grab, Not a Breakdown – Analyst

• XRP price wick fill EGRAG Crypto view pins $2.20 support and $2.06 to $2.07 as the defense.
• Bulls need a clean reclaim of $2.40 to $2.50 before a $2.65 resistance test on higher spot volume.
• Ripple $1 billion XRP treasury SPAC adds a supply and liquidity angle to the medium term.

XRP’s 8% price crash in the past 24 hours and 20% weekly drop sparked panic across the crypto market, but popular analyst EGRAG Crypto insists that the token is simply “filling in the wick,” not breaking down.

The term refers to a pullback that fills previous volatility gaps, indicating that XRP’s current dip could be part of a liquidity grab rather than a structural collapse.

Analyst Defends Bullish Outlook Despite Panic Selling

EGRAG Crypto doubled down on his bullish XRP thesis, explaining that the recent price action represents a liquidity grab, not a breakdown. He said tha…

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