XRP remains under short-term bearish pressure, according to crypto analyst EGRAG CRYPTO, who warned that the token could retest the $1.27 level unless bulls secure convincing three-day closes above the $1.55–$1.60 resistance range.
In an update on X, EGRAG pointed to XRP’s second large wick near $1.65 and its failure to close above that level as the basis for maintaining downside targets. The analyst identified $1.41 and $1.37 as potential retest levels, while describing the $1.32–$1.27 zone as a stronger possibility within the bearish scenario.
EGRAG applies the required reclaim levels of $1.55, corresponding to Fibonacci 0.50, and $1.596, corresponding to Fibonacci 0.702, specifically to the three-day timeframe. Without convincing closes above this range, the analyst considers another retest likely and keeps the nearer targets and deeper price zone active.
Despite the bearish outlook, EGRAG outlined a conditional buying strategy. Any prospective long position would depend on confirmation within the preferred entry zone, with small position size and a tight stop-loss as central elements. The analyst said the risk-to-reward relationship from those levels appears substantial, but emphasized capital preservation and a willingness to reassess if the initial long setup becomes invalid.
