XRP Price Near $1 Could Be a Generational Setup, Analyst Says

For most XRP traders, a return toward $1 looks like damage. EGRAG Crypto is reading the same move very differently. His latest weekly chart argues that XRP has fallen back into a rising macro structure that has been developing for more than a decade. Instead of treating the current weakness as proof that the long-term thesis has failed, he sees the area around $1 as one of the most important tests XRP has faced in years. If the lower boundary holds, EGRAG believes the current selloff could eventually look less like a collapse and more like another major accumulation phase.