XRP Grinds Lower Before Potential Recovery Attempt
Egrag Crypto has outlined a short-term roadmap for XRP, suggesting that the cryptocurrency will continue to grind lower before any meaningful recovery can take hold. According to Egrag's analysis, XRP will first target $1.40, followed by a retest of the $1.15-$1.20 range. From there, he expects a recovery attempt targeting $1.63-$1.65.
The $1.15-$1.20 zone is a key area of support for Egrag Crypto, as it combines major horizontal support with the lower edge of the current structure. He notes that if XRP reclaims the level of $1.65 with strength, $1.80 becomes the next resistance level.
However, not everyone agrees with Egrag's analysis. Moon Lambo, a popular crypto commentator, expressed skepticism about the projected dip and noted that he does not find it likely to happen. Despite his reservations, he shared the analysis because he values giving his audience diverse perspectives.