Top Analyst Presents the Next XRP Price Retest That Matters

XRP has reached a key technical level after losing short-term momentum. EGRAG CRYPTO (@egragcrypto), a well-known XRP-focused analyst, highlighted this move, and believes the current pullback now serves as the market’s main test following the recent breakout. $1.10 and $1.06 stand out as the most important price zones.

The analyst said XRP has arrived at “the real short-term test” on the 4-hour chart. His analysis focuses on whether buyers can defend current support before the next move develops.

The First Support Level

EGRAG CRYPTO noted that XRP has fallen below the 21 EMA, which he described as his “momentum gauge across timeframes.” Despite that move, he believes the overall setup remains intact. He explained that XRP has started testing the 50 EMA near the $1.10 support level. Holding $1.10 will keep the structure intact.

The accompanying chart places XRP near $1.16 while highlighting several resistance levels above the current price. The first resistance sits near $1.1290, followed by $1.1408, $1.1836, $1.20, $1.2564, and $1.2944. The chart also marks a descending trendline near $1.30, suggesting another technical barrier if XRP resumes its advance.

The Main Retest Zone

If XRP moves below $1.10, EGRAG CRYPTO expects a deeper pullback toward $1.06. His chart marks that level with a large blue circle, highlighting it as the next major support area.

He explained that $1.06 is the major retest zone and added that the level aligns with the upper boundary of the previous triangle breakout. That confluence makes it the primary area he plans to monitor for a potential trading opportunity.

EGRAG CRYPTO said, “For me, $1.06 is the tactical zone I am watching closely.” He added that if XRP rebounds from that region, “I will consider a short-term long position.” The chart also shows additional support near $1.0482, $1.01, and $1.0087 beneath the highlighted retest area.

Watching the Pullback After the Breakout

The analyst described the current move as a normal part of the market’s progression following the breakout. He outlined the conditions he is monitoring. A hold above $1.10 keeps the current structure intact. A rebound from $1.06 could present the tactical setup he is waiting for.

The analyst made it clear that this outlook applies only to short-term trading rather than a long-term investment strategy. The focus is now on whether XRP can hold support during the ongoing pullback before attempting another move toward the resistance levels overhead.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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