XRP sits at a critical technical juncture, with cryptocurrency strategist Egrag Crypto monitoring the price action for potential recovery or breakdown signals. The 4-hour chart shared by the analyst highlights a converging price range, where pivotal thresholds will likely dictate whether the token slides further or stabilizes.
The analyst pointed to $1.4850 as the primary threshold to monitor. XRP is currently changing hands near this zone inside a tightening wedge shaped by ascending and descending trendlines. Additional chart data highlights resistance near $1.53 and support around $1.4850, squeezing the trading channel as prices near the tip of the pattern.
According to the analyst, XRP must maintain support at $1.40 and record a daily close above $1.4850 to enhance the probability that the current dip is merely a fake breakdown.
#XRP – BREAKDOWN LIVE WATCH:
I am watching a LIVE breakdown formation.
The key levels are simple:
$1.40 holds + daily close back above $1.4850 → strong chance this breakdown becomes a FAKEOUT.Full-body daily close below $1.4850 → breakdown gains confirmation, and we… pic.twitter.com/s56Xw0jLY6
— EGRAG CRYPTO (@egragcrypto) October 7, 2026
$1.4850 Remains the Key Level
Should the asset register a daily close beneath $1.4850, the breakdown would receive stronger validation, the analyst stated. This movement could pave the way for a more substantial pullback, with the charts pointing to $1.4700 as the initial downside marker.
Furthermore, the chart outlines a significantly lower target around $1.2966, indicating the scope of the correction if selling momentum picks up. Conversely, the upper boundaries identify $1.5300 as a crucial barrier, followed by an extended target near $1.7166.
Consequently, this price formation leaves XRP at a crossroads. Defending the lower support areas may enable a rebound, whereas continued closes under the critical thresholds risk deepening the downward trend.
Analyst Maintains Long-Term XRP Conviction
Even with the near-term chart pattern, the analyst expressed unwavering long-term optimism regarding XRP. He advised that participants aiming to accumulate XRP at discounted prices should stay disciplined if the current market conditions present such a chance.
“My long-term conviction remains unchanged: I believe there will come a time when #XRP below $2 becomes history,” the analyst wrote.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
He also reaffirmed his earlier market-cycle outlook that purchasing XRP under $1 might ultimately be viewed as a remarkably advantageous historical entry. The commentator proposed that the present cycle could present another window that market participants view differently down the road.
Volatility Versus The Long-Term Outlook
The analyst stressed that $1.4850 stays the focal point of his current strategy. Reclaiming a daily close above this line would invalidate the breakdown warning, whereas a complete daily close under it would validate additional losses. Consequently, XRP’s price behavior around the $1.40 and $1.4850 marks will be vital to watch as the pattern plays out.