XRP has entered what crypto analyst Egrag Crypto describes as a crucial “range-rebuild phase,” with buyers and sellers battling for control at key technical levels.
In a recent analysis shared on X, Egrag argued that XRP’s latest price action is revealing an important struggle between bulls defending support and bears protecting resistance. According to the analyst, recent wick formations on the daily chart offer valuable insight into where the market currently stands and what investors should watch next.
His analysis suggests that while buyers have successfully defended major support, XRP still faces several hurdles before a broader bullish breakout can be confirmed.
XRP Buyers Successfully Defended The $1.11 Support Zone
A key focus of Egrag’s analysis is the lower wick that formed near the $1.11 level.
According to the analyst, the rejection from that area was not accidental but instead demonstrated strong buying interest at a critical support zone.
“The bullish lower wick from the $1.11 zone was not random,” Egrag stated.
The reaction suggests that buyers remain willing to step in aggressively whenever XRP approaches important support levels. This defense helped prevent further downside pressure and allowed the asset to begin rebuilding its structure after recent weakness.
For Egrag, the successful defense of $1.11 represents the foundation of the current recovery attempt.
Upper Wick Shows Sellers Still Control Resistance
While buyers managed to protect support, Egrag noted that sellers remain active whenever XRP attempts to move higher.
The analyst pointed to the upper wick formed during the previous trading session as evidence that resistance remains firmly in place.
According to his assessment, the current market structure reflects a balanced battle between bulls and bears. Buyers are defending the floor while sellers continue protecting the ceiling, resulting in the consolidation range XRP currently occupies.
This dynamic explains why the asset has not yet transitioned into either a sustained breakout or a deeper correction.
Instead, XRP remains trapped between competing forces as the market searches for its next directional move.
XRP Has Already Achieved Two Important Milestones
Egrag highlighted several technical levels that he believes define XRP’s current roadmap.
The first objective was holding above the $1.11 support area, which he described as the market’s “survival zone.”
The second milestone came at $1.21, a level the analyst considers an early indication of renewed strength.
According to Egrag, XRP has already accomplished both tasks, suggesting that the recovery process is progressing as expected.
However, he stressed that more work remains before bulls can claim victory.
$1.35 To $1.38 Could Signal Bullish Control Returning
The analyst believes the next important test sits at $1.28.
A successful move above that level would suggest improving market structure and increasing bullish momentum.
Beyond that, Egrag highlighted the $1.35 to $1.38 region as a particularly important resistance zone.
A decisive break above that range would indicate that buyers are beginning to regain meaningful control of the market after months of uncertainty.
Such a move could also strengthen confidence among traders looking for confirmation that XRP’s broader recovery is gaining traction.
Egrag Identifies $1.51 As The Major Breakout Zone
While several resistance levels remain ahead, Egrag identified $1.51 as the most important level on the chart.
According to the analyst, a decisive breakout above $1.51 could signal the beginning of a larger expansion phase for XRP.
He described the area as the key breakout zone capable of opening the door to significantly higher prices if reclaimed with strong momentum.
“Full confirmation begins only when price starts reclaiming the upper levels,” Egrag explained.
Until that happens, he believes XRP remains in a decision-making phase where support and resistance continue to define the market structure.
XRP Consolidation Continues As Market Awaits Direction
For now, Egrag’s analysis suggests that XRP remains locked inside a critical consolidation range.
The lower wick near $1.11 confirmed that buyers remain active at support, while the upper wick highlighted ongoing selling pressure at resistance.
Together, those signals illustrate a market still searching for direction.
Whether XRP ultimately breaks above key resistance levels or remains range-bound for longer, Egrag believes the current structure is providing valuable clues about where the next major move could begin.
