Crypto analyst EGRAG CRYPTO said a daily close below $1.07 could signal weakness in the pattern of higher lows for XRP (XRP), making that threshold a test of his chart outlook.
His Nov. 9 chart places potential support between $1.11 and $1.07 and marks $1 as a lower level. EGRAG CRYPTO said a move to $1 alone would not undo the broader higher-low pattern.
The analyst had previously looked for a rebound from $1.18, but XRP fell further. His chart lists $1.25, $1.43, $1.63 and $1.80 as potential recovery levels. He set no timetable and said any recovery would depend on subsequent price action.
An earlier EconoTimes report on Ali Martinez’s XRP analysis also noted $1 as a possible downside level. Martinez tied that possibility to XRP falling below $1.25, a different condition from the daily close EGRAG CRYPTO is watching.
