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Egrag Crypto said XRP still lacks a confirmed macro bottom and remains range-bound until it reclaims $2 on a monthly basis. In a March 31 post on X, he said he was trading the range with a small bag. He also kept upside targets at $15, $27, and $50+.
He said he did not call for blind continuation when XRP traded at $2. Instead, he said he waits for confirmation and follows a breakout approach. He laid out that approach in sequence: no break, no confirmation, no conviction, and no chase. Then he said no monthly reclaim above $2 means no trend shift.
Could a monthly reclaim above $2 become the signal he is waiting for? For now, he said, relief rallies remain noise until price proves otherwise. He also described the current setup as a range market. As a result, he said he was day trading it with only a small percentage bag.
The shared TradingView chart showed XRP/USD on Binance’s monthly timeframe at $1.3135. It also showed the monthly candle down 4.59%. The chart listed an open of $1.3771, a high of $1.6052, and a low of $1.2972. It also showed volume at 142.86 million.
At the same time, the chart marked a rising channel and a zone labeled “Chasm.” It placed projected targets at $15, $27, and $50 as the trend extends over time. The same chart displayed Fibonacci-based levels near $2.1018, $1.5836, $1.1134, $0.8072, $0.6824, and $0.5362. Those levels framed the current structure on the right side of the chart.
Meanwhile, he said he had already sold into strength at $3 based on the plan. He said that decisions came from structure, not emotion.
Read More: Is XRP’s Golden Cross a Bullish Signal? Here’s What History Says
He said many voices in crypto do not trade what they say. Instead, he described a flow built around funnels, exchanges, commissions, and hype. He also said he does not promote exchanges. In the same post, he said only a few market participants operate that way.
Then he pointed to traders who sold around $2.60 and later hesitated to buy lower after sentiment turned bearish. He said that sequence traps retail traders in fear and delay. Later, he said he would add more if the price drops further. He tied that plan to structure and to his view of the asset he holds.
He also said the current phase aims to break traders emotionally, mentally, and financially. Near the end of the post, he previewed a future article on neighboring political relationships. In that future theme, he linked XRP to a system where countries exchange value without trust. He said that is where XRP fits.
XRP remains in a range, according to Egrag Crypto, with no confirmed macro bottom yet. The analyst said a monthly close above $2 is needed to confirm a trend shift, while long-term XRP targets stay at $15, $27, and $50.
