XRP has experienced a recent price recovery after plummeting to near $1.00 due to a sharp weekly selloff. This rebound gives traders hope that the token's decline may be slowing, but analysts remain cautious about its market structure.
According to Egrag Crypto, XRP's broader path still follows his earlier 'blue' scenario, which suggests that the token is part of a larger technical trend rather than experiencing a full breakdown. This view aligns with the blue roadmap presented by Egrag Crypto, indicating that XRP's decline is within a larger downtrend.
The clearest upside level for XRP remains around $1.36, and a move above this area would demonstrate stronger buying pressure and improve its short-term setup. However, the token must hold support and recover key resistance levels before traders can confidently interpret the rebound as a sign of stronger momentum.