Analyst says XRP remains in compression; $2.20 triggers expansion
EGRAG says XRP is compressing, not breaking down. A clean reclaim of $2.20 is the trigger.
On the monthly chart, the 21‑EMA is “key.” Price slipped below it and into a falling channel. $2.20 marked the rejection zone. “This is not a crash structure,” the analyst wrote. Source: EGRAG’s post.
He points to shrinking candle bodies and weaker downside. He calls it seller exhaustion and a controlled retrace, not capitulation. Source: EGRAG’s post.
Two paths he tracks:
- “Liquidity sweep first” toward $0.80–$1.00
- “Fast reclaim” if $1.65–$1.80 is won back
Source: EGRAG’s post.
The pivot that “changes everything” is $2.20. Reclaiming it would “reactivate expansion,” with a $2.50 retest next on his roadmap. Sources: EGRAG’s post, EGRAG’s roadmap via NewsBTC.
At press time, XRP traded at $1.41.
