Analyst Tells XRP Holders the Most Difficult Phase Has Passed

The XRP daily chart has been punishing. Following weeks of grinding price movement, the asset rests near territory that is beginning to capture the attention of analysts who monitor its market structure.

Widely followed crypto analyst EGRAG CRYPTO (@egragcrypto) has shared a comprehensive breakdown analyzing where XRP currently stands and what lies ahead.

The analyst begins by acknowledging the difficult market conditions, stating, “I know how exhausting this market is.”

#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 Relative Strength Index (RSI) has dropped back into the low 20s. This marks a deeply oversold reading, with the analyst pointing out that it sits “near the June selloff reading”—a threshold that preceded a notable rally earlier in 2026. EGRAG CRYPTO views this as an indicator to monitor for a potential bounce, while emphasizing that the crucial focus is how the asset performs after any recovery takes shape.

The Bounce Levels to Watch

Initial bounce targets have been established by EGRAG CRYPTO 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 plans to monitor to determine if buyers are entering the market with true conviction.

The Downside Scenario

Should the bounce fail, EGRAG CRYPTO’s initial downside marker sits at $0.973. Beyond that, the analyst is keeping an eye on a deeper sweep into the $0.93–$0.96 zone, which would ideally be followed by a rapid reclaim of the $1 mark. The underlying chart highlights a Fair Value Gap in this region that corresponds with the support structure noted by EGRAG CRYPTO. A sweep followed by a reclaim of $1 is characterized as “the fractal I’m watching.”

What Confirms Strength

Specific conditions 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 validate market strength. From that point, mapped upside targets include $1.385, $1.51, and $1.70. Chart projections illustrate a bullish resolution toward these goals reaching into early 2027.

The Bigger Picture

EGRAG CRYPTO maintains a stance of being “bullish on the monthly cycle.” On the daily timeframe, attention centers on buyers successfully defending a higher low once a bounce materializes. The Elliott Wave structure displayed on the chart illustrates a finalized corrective sequence, with projections pointing toward recovery provided that key support levels remain intact.

While the analysis offers no absolute guarantees, it outlines two distinct paths and outlines the precise conditions that differentiate them. For XRP traders observing price compression close to $1, EGRAG CRYPTO’s assessment provides an organized reference framework for the upcoming trading sessions.

Frequently Asked Questions

What is EGRAG CRYPTO’s outlook for XRP?

EGRAG CRYPTO believes that the hardest part is behind XRP holders and remains bullish on the monthly cycle, outlining potential recovery targets extending into early 2027.

What does the daily RSI indicate for XRP?

The daily RSI has fallen into the low 20s, showing a deeply oversold condition comparable to the June selloff reading that preceded a prior rally earlier in 2026.

What are the initial bounce targets to watch?

The initial bounce targets identified by the analyst are $1.09–$1.11 and $1.15–$1.16, with a move above $1.20 opening a path toward $1.25–$1.30.

What happens if the XRP bounce fails?

If the bounce fails, the analyst highlights a first level at $0.973, followed by a potential deeper sweep into the $0.93–$0.96 range and a subsequent reclaim of the $1 mark.