XRP Faces $1.15 Support Risk Unless Buyers Reclaim $1.65
Crypto analyst EGRAG Crypto has identified the $1.15 to $1.20 range as a major structural support zone for XRP, unless buyers can reclaim the $1.65 level.
According to EGRAG Crypto’s chart, XRP was trading near $1.41 after recovering from support at $1.05. However, the cryptocurrency remained below the $1.63–$1.65 resistance area, leaving the broader recovery structure exposed to another potential decline.
EGRAG expects XRP to consolidate around $1.40 before potentially moving lower toward the projected $1.15 to $1.20 support zone. The area combines horizontal support, the lower boundary of the broader structure and the projected bottom of the analyst’s mapped price route.
XRP Approaches Major Structural Support
The chart identifies approximately $1.18 as the expected low, placing it within the broader $1.15 to $1.20 support range. An ascending diagonal support line also approaches the same area, adding another technical factor to the zone.
A successful defense of this support could allow XRP to recover toward $1.40 before buyers make another attempt to break through resistance around $1.63 and $1.65.
However, a decisive move below the structural support would weaken the recovery pattern and expose XRP to the previously identified $1.05 support level.
If XRP also loses the ascending support structure, deeper downside levels at $0.85 and $0.777 remain part of the bearish scenario outlined on the chart.
Weekly Close Above $1.65 Could Shift XRP Outlook
EGRAG Crypto said the projected decline could be invalidated if XRP records a full weekly candle body above $1.65. A brief move, or wick, above the level would not by itself constitute confirmation of a breakout because sellers could regain control before the weekly candle closes.
For the outlook to change, buyers would therefore need to establish sustained acceptance above the resistance zone. A confirmed weekly close above $1.65 would reduce the likelihood of a retest of $1.15 and require bearish traders to reassess lower price targets.
XRP would also encounter several exponential moving averages as it attempts to move through the upper resistance structure. The chart places the 21, 50, 100 and 200 exponential moving averages around or above XRP’s current position.
The concentration of these technical indicators adds significance to the requirement for a strong weekly close rather than a short-lived move above resistance.
If XRP successfully reclaims $1.65 and holds the level convincingly, EGRAG expects $1.80 to become the next upside checkpoint.
For now, the $1.15 to $1.20 area remains central to XRP’s downside structure, while $1.65 represents the key level that could provide confirmation of a broader bullish shift.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.