Analyst Egrag Crypto Warns of a Massive Incoming XRP Price “Crash,” – Details

In Brief:

• Egrag’s inverted XRP chart depicts an upside “crash,” with $1.65 as the key area before $7.50, $13, and $30 targets.
• His bullish RSI scenario requires a crossover above 53, followed by a retest that holds before momentum potentially reaches 80.
• However, an RSI crossover below 53 and failure to reclaim it would shift attention toward 47, signaling another momentum reset.

 

Prominent crypto analyst Egrag Crypto shared an inverted XRP price chart showing a bullish structure that could result in a significant rally. In his analysis, he warned of a potential price “crash,” with the inverted chart’s downward arrow pointing toward $7.50, $13, and $30 as targets. According to Egrag, $1.65 remains the key area within his long-term setup, as moving averages and targets match his earlier roadmap.

Inverted XRP Chart Points Toward $30

Egrag’s chart places higher dollar values lower on its vertical axis, reversing the direction readers normally associate with rising prices. As a result, its green arrow travels downward toward $7.50, $13, and $30 while representing substantial XRP gains.

The chart places XRP around the mid-$1 range and marks $1.65 as the nearer area Egrag considers important. Although the arrow reaches much higher prices, it illustrates his projected path rather than a rally already underway.

His monthly XRP/USD chart also features descending trendlines alongside the 33-period and 77-period exponential moving averages. These markings provide context for the broader structure that XRP would need to navigate before reaching Egrag’s targets.

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A move through $1.65 would mark progress within his setup, but it would not establish a direct route to $7.50. Moreover, the distance between the marked price and the three targets shows how much movement his forecast requires.

Egrag did not provide a deadline for the projected advance or claim that XRP has completed the necessary breakout. He also noted in his separate momentum analysis that charts present scenarios rather than guaranteed outcomes.

RSI 53 Forms the Next Momentum Test

In a separate analysis, Egrag noted that XRP’s relative strength index, or RSI, must cross its moving average while remaining above 53, adding that the indicator must retest that level and hold it as support before momentum expands toward 80. That sequence makes the retest important, since a brief move above 53 alone would not meet his preferred conditions.

Egrag marked four historical zones to show how RSI behaved around the low 50s before earlier momentum expansions. He acknowledged that one previous expansion became more pronounced than he expected, reaching unusually strong momentum levels.

Since then, XRP’s RSI has undergone a substantial reset and has begun attempting a recovery. Nevertheless, the earlier patterns provide comparisons without establishing that the current setup will produce the same result.

A Failed RSI Recovery Would Put 47 in View

Egrag also outlined a weaker scenario if RSI crosses its moving average below 53 and fails to reclaim that level. In that case, he would watch 47 for another momentum reset before XRP’s next direction becomes clearer.

The analyst indicated that his long-term XRP holdings remain in place while he trades shorter-term volatility separately. His analysis therefore identifies $1.65 for price and 53 for RSI as tests within his broader outlook.

Egrag’s “crash” refers to a projected upside move drawn on an inverted price chart, with $30 marking its highest stated target. Whether XRP follows that path remains dependent on price action and momentum signals that have yet to confirm it.

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