A key technical setup is unfolding on the XRP price chart, as market analyst Egrag Crypto has flagged a recurring historical chart pattern that has previously marked the cryptocurrency’s market bottom.
The 5D Bottoming Blueprint, identified in early 2022, saw XRP’s 21 EMA cross above the 200 EMA followed by a 14.66% correction. That pattern ended in a sustained bull run. Today, the same pattern is reemerging.
Egrag Crypto notes that the 21 EMA has crossed above the 200 EMA and XRP has experienced a 14% correction-matching the prior pattern. The current structure suggests a potential bottom within 20 calendar days.
The key levels to watch include $1.15 as the primary target, and $0.93 as a fallback support. If price falls further, it could reach $0.73 or even $0.42.
Egrag forecasts a bullish reversal, with XRP aiming for $1.60 and then $2.05. A clean breakout above $2.05 could open the door to $3.02 and beyond.