XRP Faces Crucial Test: $1.40 Breakout or $0.80 Drop

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The analyst has identified the $1.61 to $1.65 region as the point where a more convincing bullish recovery would begin.

XRP is sitting on what analyst EGRAG CRYPTO is calling a “macro decision zone,” with the next monthly candle close likely determining whether the token carves out a double bottom or slides toward $0.80.

Although the token has bounced back after touching a 19-month low of $1.05 last week, it still hasn’t cleared the levels that would give bulls any real confidence.

The Framework
According to EGRAG, a monthly close above $1.40 would confirm that the $1.05 low was the bottom. However, in their opinion, reclaiming $1.61 to $1.65 would be where genuine bullish recovery begins, with a break above $1.70 adding another layer of confirmation. Still, none of those levels have been touched as of now.

The analyst also made a case for the downside, saying that if XRP lost momentum, it could go back down to $0.80. Interestingly, they didn’t flag any intermediate support between the current price and that level if the structure breaks down.

“Hold ground then → double bottom possible,” they wrote. “Lose momentum then → $0.80 retest likely.”

Earlier, EGRAG pointed out that XRP had reached $1.1860 and was “building momentum for the second push,” placing a short-term target of $1.19 to $1.25. The analyst did warn that losing $1.14 would open the door to a retest of $1.10.

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