Analyst Presents Intriguing XRP Chart As Price Dips

The relative strength index is forming a higher low even as price remains under pressure, suggesting that downside momentum is weakening before price has confirmed any directional shift.

The RSI Bottom and What it Suggests

Both analysts see momentum stabilizing ahead of any potential price confirmation. This pattern is consistent with how Elliott Wave setups tend to develop, with internal momentum recovering before the larger move becomes visible in price.

Key Levels Defining the Setup

EGRAG CRYPTO laid out a clear set of price levels tied to his thesis. Support sits at $1-$0.95, with $0.75 as an additional key level and $0.52-$0.60 serving as deeper structural support. On the upside, the bullish thesis strengthens with sustained closes above $1.30-$1.60, then $1.96, and then $3-$3.60.

A decisive break above the Wave 1 high would provide the clearest confirmation that Wave 3 is underway. EGRAG CRYPTO also identifies macro price targets at $6.42, $13.37, $22.55, $29.63, and $43.83.

The Market Cap Argument

Several analysts currently project Ethereum reaching $20,000. If that scenario plays out and XRP captures a comparable market cap position, the math puts XRP near $40. Even at half that market cap, XRP would sit near $20.

These figures align reasonably well with EGRAG CRYPTO’s upper macro targets and give context to why those levels are receiving serious consideration rather than skepticism.

What Analysts Are Watching

Confirmation remains the central theme across both analyses. EGRAG CRYPTO wants to see XRP reclaim and hold key resistance clusters before expressing high conviction. The RSI signal functions as a leading indicator, not a guarantee.

Given XRP’s established market presence and the historical behavior of Elliott Wave 3 extensions in crypto, analysts consider this setup worth monitoring closely. The structure is developing, the levels are defined, and price behavior in the coming weeks will determine what happens next.