Egrag Crypto Identifies Potential Triple-Bottom Formation in XRP Chart

A technical analysis by Egrag Crypto has identified a potential triple-bottom formation in the XRP chart. This structure has developed over several months and cycles, with the current price movement possibly representing the final descending leg of the pattern.

The analyst suggests that XRP may be approaching the end of a long corrective phase before transitioning into a new expansion phase. According to his interpretation, this pattern could signal a major shift in market direction.

Egrag Crypto identifies a key area around $0.91 as a potential final bottom, combining several technical signals and Fibonacci retracement levels. He also notes that reclaiming the $1.65 level on the weekly timeframe would confirm whether the structure has shifted toward a bullish phase.