While many market participants view XRP trading near $1 as a disappointing level, crypto analyst EGRAG CRYPTO (@egragcrypto) frames it as a prime entry opportunity.
In his assessment, he asserted that investors will ultimately regret passing up XRP at $1, only to later question whether $3.65 is an attractive purchase price.
His Elliott Wave count points to a potential Wave 2 bottom. Daily chart indicators reveal XRP retesting what he describes as a Fair Value Gap (FVG) spanning from $1 to $1.04, which functions as the vital demand area in his setup.
#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 boundary line. According to his calculations, a daily close underneath the Wave 1 origin near $0.99 would invalidate the digital asset’s Elliott Wave structure.
The chart highlights a descending trendline stretching toward early 2027, suggesting price action will undergo further compression prior to any trend reversal. Additionally, right-side chart data indicates heavy liquidity clustering between $1 and $1.50, lending extra technical weight to the current price bracket.
The Price Targets
The analyst outlines a specific sequence of milestones XRP must clear for his bullish outlook to materialize. Initial hurdles sit at $1.17, followed by $1.25 and $1.51. Should Wave 2 hold firm while XRP initiates an impulsive upward push, he forecasts an initial target range between $2.17 and $2.22, with an extended Wave 3 potentially reaching $2.65.
Furthermore, the chart points out $1.50 as an important reference point, noting $1.4846 as a prominent horizontal resistance barrier. The 0.786 Fibonacci level resides near $1.6731, while the 0.618 level is registered around $0.9229, positioned just beneath his threshold for invalidation.
Sentiment As A Signal
Beyond pure technical patterns, EGRAG CRYPTO shares a psychological perspective regarding investor behavior during major market pivots. He notes, “When you feel stupid buying, that’s when you should study the opportunity,” while offering the counterpoint: “When everyone feels like a genius, that’s when I start thinking about selling.”
At the $1 mark, purchasing XRP causes hesitation. He interprets that exact psychological discomfort as confirmation of a buying opportunity.
Where the Risk Sits
The Wave 2 configuration breaks down if prices close lower than the Wave 1 origin close to $0.99. This precise marker serves as the dividing line between his optimistic outlook and a broader structural failure. Market watchers tracking this pattern should view the $0.98 to $0.99 zone as the ultimate decision area.
With XRP currently changing hands at $1.0172, the next directional step will dictate whether this Elliott Wave framework plays out or gets entirely canceled out.
Frequently Asked Questions
What price range does the analyst identify as a critical demand zone for XRP?
The analyst identifies the $1.00 to $1.04 range as a critical demand zone where XRP is retesting a Fair Value Gap (FVG) for a potential Wave 2 bottom.
What price level invalidates the Elliott Wave structure?
A daily close below the Wave 1 origin near $0.99 (with $0.98 marked as the immediate line in the sand) would invalidate the digital asset’s Elliott Wave structure.
What are the primary upside price targets mentioned in the analysis?
The initial targets to reclaim are $1.17, $1.25, and $1.51. If an impulsive upward move follows, projected targets include a range of $2.17 to $2.22, with an extended Wave 3 potentially reaching $2.65.
How does the analyst view investor sentiment at the $1 price level?
He views the psychological discomfort or feeling of hesitation when buying at $1 as a sign of a strong buying opportunity, adhering to his philosophy that market participants should study opportunities when buying feels uncomfortable.
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Written by
Elara Winter
