Crypto analyst EGRAG Crypto has presented an XRP chart that removes candlestick noise to highlight the asset's interaction with key indicators. According to the analyst, removing short-term price fluctuations allows investors to observe recurring patterns that have historically developed before significant market advances.
The chart focuses on XRP's interaction with the 44-week moving average (44 WMA) and the Bull Market Support Band, two indicators that EGRAG believes have consistently appeared around major market bottoms. The analyst noted that previous cycles featured a double bottom followed by a higher low, a triple bottom with a higher low, and additional variations involving double-bottom formations.
EGRAG suggested that XRP may now be entering another version of the same historical setup, highlighting what he believes could be a double bottom with a lower low. The analyst outlined two primary scenarios for XRP's future price action through 2027: a double bottom with a lower low around December 2026 and a double bottom with a higher low around July 2027.