EGRAG CRYPTO Marks $1.20 as Key Macro Level for XRP

XRP fell below $1.35 after recently trading higher, with $1.51-$1.53 identified as initial resistance as the token extended a weekly decline of more than 10%.

EGRAG CRYPTO identified $1.20 as the key macro level on XRP’s monthly chart. The analysis tracks the relationship between the 33-period and 111-period exponential moving averages, which EGRAG uses to assess longer-term market structure.

A monthly close above $1.20 would preserve EGRAG’s broader bullish thesis. A sustained break below the level would invalidate the pattern and prompt a reassessment of the setup.

If XRP recovers, EGRAG identified $1.65 as the first major level the token would need to reclaim. The analysis also outlined scenarios ranging from $4 to $8, while a highly speculative “Valhalla” case would place XRP above $15 if the macro setup holds up.

Bird identified a demand zone around $1.30-$1.34 and resistance between $1.52 and $1.56 on XRP’s four-hour chart. Bird also pointed to three descending resistance trendlines and a longer-term ascending support line.

The first two comparable structures were followed by strong upward moves after XRP found support, Bird said. A break above the current resistance could open a path toward $2 if the earlier pattern repeats.

Celal Kucuker also said $2 was “within reach” by the end of the month after XRP rebounded from what he described as a solid support level.