Egrag Crypto Shares XRP Price Range Reality Check

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Crypto analyst Egrag Crypto has published a detailed technical assessment of XRP, accompanied by a weekly chart that emphasizes range behavior and the role of the 21-week exponential moving average.

The analysis describes current price action as a test of established structure rather than a decisive breakdown, with XRP positioned near the lower boundary of a well-defined trading range. Egrag’s commentary focuses on price behavior, momentum conditions, and macro considerations that he believes are important in the bigger picture.

Defined Range Remains Intact

According to the analyst, XRP continues to trade within a clear weekly range that has not yet been invalidated. He identifies upper resistance in the area between approximately $3.40 and $3.60, while lower support is placed between roughly $1.85 and $1.95.

Currently, price is sitting close to the lower end of that range, a location that naturally attracts attention due to heightened volatility and liquidity activity. Despite this positioning, Egrag emphasizes that the structure still holds as long as weekly closes remain above the lower boundary.

21-Week EMA Signals Weak Momentum

Egrag also highlights the behavior of the 21-week EMA, which is shown on the chart sloping downward and acting as resistance. XRP remains below this moving average, a condition he interprets as evidence of weak short-term momentum.

While this technical feature limits upside pressure in the near term, it does not, in his view, automatically imply a structural failure. Instead, it reinforces the idea that the market is still ranging and reacting to resistance rather than transitioning into a confirmed bearish phase.

Liquidity Sweeps Versus Structural Failure

A key clarification in the analysis addresses the difference between liquidity events and genuine breakdowns. Egrag states that he expects the possibility of a liquidity sweep, which could involve a wick below the $1.85 level. He characterizes such a move as normal behavior within a range-bound market.

However, he draws a clear line at a weekly close below $1.85. In that scenario, he warns that structural failure would be confirmed, increasing cycle risk and shifting focus toward preparing capital for lower accumulation zones.

Bullish Stance and Macro Considerations

Despite current weakness, Egrag reiterates that his stance remains unchanged. He states that he remains bullish, continues to hold his position, and has not sold, citing the preservation of structure as the central reason.

From a macro perspective, he adds that he does not expect XRP to lose its structure before gold reaches a major top. He maintains the view that January is likely to mark a peak in gold prices, noting that recent price action has aligned with that expectation.

Structure Over Short-Term Noise

Egrag’s conclusion centers on discipline in technical interpretation. He stresses that liquidity sweeps are a routine part of market behavior, while true structure loss is not. As long as XRP remains within its established weekly range, he considers the asset to be holding, not broken, and not in macro failure.

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