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Prominent Analyst Shares XRP’s Next Move After Accurate Forecast

Crypto analyst EGRAG CRYPTO highlights that XRP price action has successfully entered the exact $1.03 to $1.12 liquidity zone forecasted in a prior chart update, though a bullish reversal still requires market confirmation.

Prominent Trader Predicts Potential XRP Short Squeeze

On November 1, crypto analyst EGRAG CRYPTO shared a 3-day XRP chart outlining three distinct price paths, complete with specific levels and probabilities.

The visual mapped out a macro ascending channel spanning from 2021 through an anticipated 2027-2028 timeframe, utilizing two primary moving averages to follow the macro trend.

As market movements have now pushed into the precise zone forecasted by the forecast, the original post is drawing fresh interest. The analyst pointed out that XRP has moved straight into “the exact liquidity zone” outlined in the 50% scenario, which spans from $1.03 to $1.12.

This particular outcome was assigned the highest probability among the three paths presented in the initial November 1 update.

What the Chart Shows

The 3-day timeframe positions XRP inside a long-term ascending channel. With the 50 EMA and 200 EMA visible on the chart, the analyst emphasized that “a bearish EMA crossover hasn’t happened yet.” This observation is important because it implies the overarching trend framework remains intact even during a pullback into a lower support band.

Additionally, the layout flags repeated resistance rejections at upper boundaries and frames the current decline as a “potential final retest of the macro ascending channel.”

Yellow horizontal ranges on the chart highlight accumulation zones from previous cycles. Current price behavior is testing a structurally comparable region from 2023, which EGRAG CRYPTO refers to as the 2023 bottoming fractal.

The Most Likely Scenario

Three potential trajectories were detailed in the November 1 update. Designated as the analyst’s favorite, the 50% scenario calls for a final liquidity sweep down to the $1.03-$1.12 range before triggering a bullish reversal.

Meanwhile, the 35% path forecasts prolonged sideways accumulation between $1.12 and $1.49 ahead of a larger movement. Lastly, the 15% path envisions an early breakout where prices reclaim the $1.49-$1.65 zone without undergoing a deeper correction first.

XRP has officially entered the bracket specified by the primary scenario, though the bullish turnaround is not yet confirmed. As EGRAG CRYPTO noted, “the bullish reversal still needs confirmation.”

The Strategy and What to Watch

The analyst’s game plan focuses on monitoring the $1.03-$1.12 area for a verified long position opportunity. On the upside, the primary confirmation signal is a 3-day candle close above $1.65. Until that close is achieved, the setup stays in a holding pattern.

The chart does not project an instant explosive surge. Instead, it flags the present band as a potential accumulation area, mirroring the fractal framework the analyst has been following. With the scenarios already mapped out, upcoming developments within the $1.03-$1.12 threshold will dictate whether the 50% outlook fully materializes.

Frequently Asked Questions

What is the primary liquidity zone for XRP according to EGRAG CRYPTO?

The primary liquidity zone sits between $1.03 and $1.12, which represents the 50% probability scenario outlined in the analyst’s November 1 chart.

Has the bullish reversal for XRP been confirmed?

No, the bullish reversal has not yet been confirmed. The analyst stated that confirmation is still needed.

What level is required for a bullish confirmation?

The key confirmation trigger on the upside is a 3-day candle close above $1.65.

What are the probabilities of the three scenarios provided by the analyst?

The favored scenario carries a 50% probability, an extended sideways accumulation scenario carries a 35% probability, and an early breakout scenario carries a 15% probability.

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