Key insights
- XRP price tests $1.03 to $1.04 support as EGRAG watches for a possible double bottom.
- Ripple investors continue accumulating XRP despite bearish MACD and EMA signals.
- XRP price could recover toward $1.12, while $3.50 remains a major resistance level.
XRP price tested $1.03–$1.04 support this week as selling pressure continued across cryptocurrency markets.
Analyst EGRAG CRYPTO identified a potential double bottom on the two-week chart. Meanwhile, analyst CW reported spot buying despite bearish indicators, raising questions about a possible recovery.
However, neither observation confirmed that XRP had established a market bottom.
XRP Price Near $1.03 as Gaussian Channel Turns Red
Crypto analyst EGRAG CRYPTO says XRP may be forming a double bottom on its two-week chart. His latest post compares the current market with the previous cycle, when the Gaussian Channel turned red near a major bottom. The indicator is turning red again as XRP tests the $1.03 to $1.04 area. EGRAG is watching that range closely.
A double bottom forms when the price falls to a low, recovers, and then returns near that level. Buyers must defend the second low for the pattern to hold. In this case, EGRAG believes the second low could be higher than the first. That would leave XRP price with a higher low on the chart.
Still, the market analyst has not called the pattern complete. The red change in the Gaussian Channel is also still developing. His bigger target is the $3.50 area. A move above that level, following a successful bottom, would support his view that XRP could make a new higher high.
That is a long way from the support range now under watch. First, buyers need to stop the decline around $1.03 to $1.04.
EGRAG remains bullish on the possibility of a larger recovery. But his comparison with the last cycle is a forecast, not proof that the bottom is in. For Ripple investors, the question is whether the latest low holds as the two-week indicator continues to change color.
Ripple Buyers Accumulate While Bearish Signals Persist
Another market analyst, CW, sees a different development beneath the falling price. In a post on X, CW said the MACD and EMA trends remain bearish. Both indicators continue to show weakness rather than a confirmed recovery.
At the same time, the market analyst reported repeated spot accumulation during the decline. Someone appears to be buying XRP as other traders sell. CW also said whales are maintaining short positions. Those positions suggest that some large traders are still expecting the price to fall.
The contrast matters because spot buying has continued without a clear change in the overall trend. It does not yet show that buyers have taken control. CW did not identify who was accumulating or how much XRP had been purchased. The post also gave no date for a possible reversal.
For now, Ripple traders have two conflicting signs to consider: continued buying in the spot market and bearish indicators.
XRP Price Faces First Recovery Test at $1.12
Crypto analyst Dark Defender believes XRP may already have reached a low and could soon reverse course. He pointed to the daily Relative Strength Index, or RSI, which he described as being at its lowest point and oversold. An oversold RSI can suggest heavy selling, but it does not guarantee an immediate bounce. XRP price can remain weak despite such readings.
Dark Defender named $1.12 as the first level to watch if a recovery begins. Before that, XRP needs to hold the $1.03 to $1.04 area highlighted by EGRAG. Losing that support would weaken the proposed double bottom.
A move toward $1.12 would be an early test of recovery. The larger $3.50 level remains tied to EGRAG’s longer-term bullish case. It is worth noting that neither market analyst has confirmed a reversal. The next move around support will help show whether buyers can halt the decline.
This article provides cryptocurrency market analysis, not financial or investment advice. Technical patterns and analyst forecasts cannot guarantee future prices. Cryptocurrency investments involve substantial risk.
