Cryptocurrency analyst EGRAG CRYPTO (@egragcrypto) is highlighting questions regarding XRP’s market behavior since November 4, pointing to figures that support his concerns. During this same timeframe, four major digital assets experienced drawdowns: BTC declined by -10.37%, ETH dropped -18.18%, SOL fell -16.99%, and XRP lost -23.40%.
This stark performance gap has prompted the analyst to examine why XRP is experiencing a steeper decline than competing assets.
The Numbers Behind the Drop
XRP began November 4 near $1.36 and has since pulled back to $1.04422, representing a drop of $0.31365. This places the asset inside a crucial stabilization zone between $1 and $1.04, resting just above a dotted support line near $0.95 on the daily Bitstamp chart. For bulls to reclaim momentum, EGRAG CRYPTO points out that two price thresholds must be cleared: $1.15 initially, followed by $1.25.
Neither level has been tested since the downturn commenced. Recent daily candle metrics indicate an open at $1.09688, a peak of $1.10439, a trough of $1.03015, and a volume of 15.22 million. The underlying technical structure remains fragile as prices compress near support.
#XRP – WHY IS XRP CRASHING HARDER THAN #BTC, #ETH & #SOL Since November 4th?
Guys, LOOK AT THE NUMBERS!
XRP: −23.4%
WHY IS XRP TAKING THE BIGGEST HIT?My probability-based assessment:
1️⃣ 30% – LEVERAGE FLUSH: Long… pic.twitter.com/dAGlvP8Aij— EGRAG CRYPTO (@egragcrypto) November 10, 2026
Three Theories With One Dominant View
EGRAG CRYPTO outlined three probability-driven scenarios to explain XRP’s underperformance relative to the broader market. He assigned a 30% likelihood to a leverage flush, noting that “long liquidations and weak buying demand accelerating the crash.”
Another 20% probability was given to selling by original holders (OGs), characterized as early investors “potentially taking profits and rotating into other coins.” The highest probability, set at 50%, is attributed to market manipulation, which he defines as “a deliberate liquidity hunt to shake out weak hands.”
The analyst clarifies that these percentages represent subjective assessments rather than verified facts, stating: “These are my subjective estimates, NOT proven facts.” Even so, he leans toward manipulation as the principal catalyst, viewing the price action as a calculated initiative to wash out retail traders ahead of a potential rebound.
The Question Whales Have to Answer
EGRAG CRYPTO concludes his commentary by posing a critical question about whether large holders, or whales, are absorbing the sell pressure or participating in it. Should major wallets accumulate tokens at current prices, the market outlook becomes constructive—especially given that wallets holding at least 1 million XRP recently reached a high for 2026. Conversely, if these large entities contribute to the liquidation wave, the dotted support level around $0.95 will face a direct test.
The comparative performance across all four cryptocurrencies provides additional context. While BTC, ETH, and SOL have also suffered notable losses, they have not broken their respective technical structures to the same extent as XRP. This divergence serves as the foundation of the analyst’s concerns and underpins his focus on the manipulation hypothesis.