XRP’s $1.45 Floor Holds Key to Analyst’s Five-Level Downside Scenario

In Brief:

• XRP remains inside EGRAG Crypto’s $1.45–$1.65 range, where a confirmed close beyond either boundary could change his corrective chart outlook.
• A close below $1.45 could expose $1.41, $1.37, $1.32, $1.28, and possibly $1.22 under his proposed downward C-wave scenario analysis.
• EGRAG considers current prices attractive for accumulation and may buy more near $1.30, despite the risk of potential further declines.

 

XRP’s retreat from its recent highs has placed $1.45 at the center of EGRAG Crypto’s price scenario, which treats a confirmed close outside the $1.45 to $1.65 range as more significant than movements within it. According to EGRAG Crypto’s post on X, XRP’s broader chart structure remains unresolved inside that range, while a close above $1.65 would challenge his corrective outlook and a close below $1.45 would increase downside risk.

EGRAG’s chart placed XRP near $1.51, within the lower half of his stated range, and showed two upper wicks where the price climbed near its recent high before giving up those gains. Those reversals help explain his attention to the upper boundary, although they cannot establish a sustained decline, while several marked levels between $1.51 and $1.65 show where XRP encountered resistance during its retreat.

EGRAG’s central concern involves an ABC correction, a three-stage chart pattern in which XRP’s recent rebound could represent the B wave, leaving a downward C wave possible if support fails.

However, EGRAG has not treated that decline as confirmed while XRP remains inside the range, and a close above the B-wave structure around $1.65 would weaken the conditions supporting his downside scenario.

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A Close Below $1.45 Would Bring Five Lower Levels Into View

EGRAG mapped a potential decline through $1.41, $1.37, $1.32 and $1.28, with $1.22 as a further possibility. Those figures identify successive areas to watch if the proposed C wave develops, rather than prices XRP must reach.

The chart reinforces that conditional route with a shaded potential retest area beneath the current trading band. A descending yellow trendline also crosses the chart’s lower portion near some of the levels EGRAG identified in his post.

Together, those markings illustrate why a close below $1.45 would matter to his interpretation of XRP’s recent rebound. Nevertheless, a brief dip beneath the boundary would not satisfy the confirmed-close condition he set for assessing the range.

That distinction matters because XRP could trade below $1.45 during a session and recover before the relevant candle closes. Likewise, a temporary push above $1.65 would leave his stated condition unmet if XRP returned inside the range.

EGRAG Separates Accumulation Plans From Near-Term Price Risk

EGRAG also distinguished his long-term view from the near-term correction that he considers possible on the chart. He regards the current region as attractive for accumulation and expressed interest in buying more XRP at $1.30 or below.

His willingness to buy at lower prices does not establish that XRP will reach his preferred entry area. Rather, the post explains how he might respond if a C-wave decline carried XRP beyond several of his downside levels.

Moreover, EGRAG gave no timetable for a break above $1.65 or a move toward the lower prices he identified. He also allowed for the B wave to extend higher, which would require another assessment of the developing chart structure.

XRP’s position inside the $1.45 to $1.65 range leaves EGRAG’s proposed C wave unconfirmed. A confirmed close beyond either boundary would provide a clearer test of the price scenario described in his post.

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