Analyst Eyes $8 to $27 XRP Targets After Potential 2026 Bottom
XRP's nearly 70% drawdown is noticeably smaller than the 85% to 90% losses seen in earlier bear cycles overall.
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XRP’s price action has come under heavy pressure in recent days alongside the rest of the market, falling back into a major support region around $1.10 with sellers still controlling short-term momentum. The decline has placed XRP directly inside a notable zone on the monthly candlestick long-term chart. Particularly, technical analysis done by crypto analyst EGRAG CRYPTO indicates that XRP may still face one more liquidity sweep before a much larger move above $10. XRP In Face-Melting Phase EGRAG’s analysis is based on the monthly candlestick timeframe chart depicting XRP’s behavior around the 50-month and 100-month exponential moving averages. According to the analyst, XRP has shown a recurring pattern on higher time frames whenever it loses the 50 EMA decisively. The breakdown is usually followed by weak momentum, emotional selling, and a final liquidity sweep into the 100 EMA before the next rally kicks off again. Related Reading: XRP Price To See Violent Discontinuous Repricing A
Read full articleXRP's nearly 70% drawdown is noticeably smaller than the 85% to 90% losses seen in earlier bear cycles overall.
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XRP remains under pressure on higher timeframes after extending its decline within a broad descending channel. However, the asset is now attempting to stabilize above an important support region while showing early signs of recovery against Bitcoin. The coming sessions could determine whether it can establish a meaningful bottom or continue its longer-term downtrend. Ripple […]
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