Egrag Crypto Sees Possible XRP Dip to the $1.11-$1.07 Range

XRP traded near $1.16 Sunday, Nov. 8. Chartist Egrag Crypto said the token had reached $1.18, a downside level he had tracked, and outlined a possible further dip to between $1.11 and $1.07.

Egrag calls the range an accumulation zone and said 97% of his positions are in spot markets. His first recovery levels are $1.25 and $1.43, the latter at the top of his channel. He also listed later targets of $1.63 and $1.80, without giving a time frame.

Egrag said he would reconsider the setup if XRP closed below $1.18 on several consecutive days amid heavy selling.