XRP Analysts Eye Key Price Levels Amid Trading Uncertainty

XRP has been a subject of interest in the crypto market, with its price hovering around $1.42. Two analysts, EGRAG Crypto and Ali Charts, have presented their views on the token's future movements.

EGRAG Crypto is focusing on the weekly chart, which shows a 'diminishing downside' pattern below the 200-week simple moving average. The analyst argues that previous cycle lows formed about 60% and 40% below the 200 SMA. Under this model, the next major low could form around 20% below the 200 SMA, placing the possible bottom near $0.93.

This view is based on probabilistic structural analysis, which depends on various factors such as trendline strength and wider market conditions. Therefore, it should be treated with caution.

Ali Charts has a shorter-term perspective, suggesting that XRP flashed a TD Sequential buy signal on the 4-hour chart after a recent pullback from the $1.46 area. This signal indicates possible local exhaustion after the correction and could lead to a move back towards $1.45, with a secondary target near $1.80 if buyers clear overhead supply.