XRP Price May Drop to $1 Before Long-Term Rally, Says EGRAG CRYPTO

XRP's price could dip to $1 before a long-term rally, according to EGRAG CRYPTO. The firm suggests that XRP may retest its 300-week moving average, currently near $1.03, which it views as a critical support level.

EGRAG CRYPTO drew parallels to the 2020-2021 cycle when XRP retested the 300-week moving average before rallying from approximately $0.17 to $1.96. If XRP holds this range and rebounds, the firm suggests it could follow a trajectory similar to the previous bull run.

Looking ahead, EGRAG CRYPTO identified $1.65 as an immediate resistance level that XRP must reclaim to confirm bullish momentum. A breakout above the $2-$2.8 resistance zone could open the path toward ambitious long-term targets of $15, $27, and even $50.