While hovering near $1, XRP might look like a losing proposition to most participants, but crypto analyst EGRAG CRYPTO (@egragcrypto) views it as a prime buying opportunity.
In his assessment, he asserted that market participants will ultimately regret passing up XRP at $1, only to later question whether $3.65 is an advantageous entry level.
He pointed out a potential Wave 2 bottom within the Elliott Wave count for XRP. The daily chart indicates the token is retesting what he defines as a Fair Value Gap (FVG) spanning $1 to $1.04, which serves as the core demand area in his evaluation.
#XRP – YOU'LL REGRET NOT BUYING $1, THEN ASK ME ABOUT $3.65 Is is Good Entry
Guys, I've played this game before!
The DAILY chart is retesting the $1.00 FVG, exactly where I've been watching for a potential WAVE 2 bottom!
$1.00–$1.04: Critical demand zone
— EGRAG CRYPTO (@egragcrypto) November 12, 2026
The Line in the Sand
He designates $0.98 as the immediate line in the sand. According to his count, a daily close beneath the Wave 1 origin close to $0.99 would invalidate the digital asset’s Elliott Wave structure.
The chart highlights a descending trendline stretching toward early 2027, anticipating further price compression ahead of any trend reversal. Additionally, chart data on the right displays heavy liquidity clustered between $1 and $1.50, lending further technical weight to this price corridor.
The Price Targets
The analyst outlines specific benchmarks that XRP needs to conquer to validate his bullish outlook. Initial goals sit at $1.17, followed by $1.25 and $1.51. Assuming Wave 2 holds firm and XRP initiates an upward impulsive surge, he forecasts an initial target range between $2.17 and $2.22, with an extended Wave 3 potentially reaching $2.65.
The chart also highlights $1.50 as a pivotal threshold, noting $1.4846 as a key horizontal resistance barrier. Furthermore, the 0.786 Fibonacci retracement level is positioned around $1.6731, while the 0.618 level is marked near $0.9229, just underneath his invalidation mark.
Sentiment As A Signal
Alongside the technical framework, EGRAG CRYPTO shares behavioral insights regarding investor psychology during market turning points. He notes, “When you feel stupid buying, that’s when you should study the opportunity,” while adding the reverse sentiment: “When everyone feels like a genius, that’s when I start thinking about selling.”
Trading at $1 makes acquiring XRP feel uncomfortable, a sensation he interprets as confirmation of a buying window.
Where the Risk Sits
The Wave 2 trajectory breaks down if the asset registers a close below the Wave 1 origin near $0.99, marking the boundary line separating his bullish projection from a structural breakdown. Market participants tracking this setup should view the $0.98 to $0.99 band as the ultimate deciding zone.
With the current price sitting at $1.0172, the upcoming market movement will decide whether this Elliott Wave setup plays out or gets entirely negated.