The XRP daily chart has been punishing. Following weeks of grinding price movement, the cryptocurrency is trading near levels that are beginning to capture the close attention of analysts monitoring its market structure.
Prominent crypto analyst EGRAG CRYPTO (@egragcrypto) has published an in-depth breakdown examining XRP’s current position and its potential trajectory.
The analyst begins by acknowledging the negative market conditions. “I know how exhausting this market is,” the analyst wrote.
#XRP – THE HARDEST PART IS BEHIND US:
I know how exhausting this market is. When another cent down feels unbearable, I want to see how price reacts at support.
Daily RSI is back in the low 20s, near the June selloff reading. That gives me reason to watch for a bounce. My… pic.twitter.com/Lo9fxA5w66
— EGRAG CRYPTO (@egragcrypto) November 13, 2026
RSI Signals a Familiar Setup
The daily RSI has fallen back into the low 20s. This reading is deeply oversold, and the analyst points out that it sits “near the June selloff reading,” which came before a strong rally earlier in 2026. EGRAG CRYPTO views this as a signal to watch for a potential bounce, while emphasizing that the reaction following any upward move is the more critical factor.
The Bounce Levels to Watch
EGRAG CRYPTO sets the initial bounce targets at $1.09-$1.11, followed by $1.15-$1.16. Pushing past $1.20 opens up a path toward $1.25-$1.30. These are the specific reaction levels the analyst will monitor to gauge if buyers are entering the market with conviction.
The Downside Scenario
Should the bounce fail, EGRAG CRYPTO’s initial downside level is $0.973. Beyond that, the analyst is watching for a more substantial sweep down into the $0.93-$0.96 zone, followed by a swift reclaim of the $1 mark. A Fair Value Gap is highlighted in this region on the chart, corresponding with the outlined support structure. A sweep and subsequent recovery of $1 is characterized as “the fractal I’m watching.”
What Confirms Strength
Specific criteria must be met for a bullish continuation. EGRAG CRYPTO notes that reclaiming the $1.20-$1.25 range and successfully holding it during a retest would confirm underlying strength. From there, the analyst has mapped out upside targets at $1.385, $1.51, and $1.70. The accompanying chart outlines a bullish resolution reaching toward these levels into early 2027.
The Bigger Picture
EGRAG CRYPTO remains “bullish on the monthly cycle.” On the daily timeframe, attention centers on buyers defending a higher low after a bounce occurs. The Elliott Wave structure illustrated on the chart indicates a completed corrective pattern, with projections pointing to a recovery if key support levels hold.
While the analysis does not guarantee any specific result, it maps out two distinct pathways along with the exact conditions that separate them. For XRP traders observing price compression near $1, EGRAG CRYPTO’s update offers a structured framework to guide their monitoring in upcoming sessions.