XRP News Today: EGRAG CRYPTO predicts XRP could drop 97% to $0.80 or 85% to $1.30 in next bear market

Ripple’s XRP faces a stark bearish outlook as prominent crypto analyst EGRAG CRYPTO outlines two potential scenarios for the asset, projecting a sharp decline from its current price of $3.26 to as low as $0.80 or $1.30 during the next bear market cycle. The analysis, shared on X on July 27, leverages historical price patterns and technical indicators to warn of a possible 97% or 85% drop, depending on whether XRP follows its 2017 trajectory or a symmetrical triangle formation [1].

EGRAG’s first model assumes a bullish run to $27, mirroring XRP’s 2017 surge, followed by a 97% collapse to $0.80—a level that could test the resolve of long-term holders. The second scenario, grounded in a symmetrical triangle pattern, projects a more moderate peak near $9, with an 85% decline pushing the price to $1.30. Both scenarios underscore the analyst’s belief in the inevitability of market cycles, emphasizing that “what goes up must come down, but the question is: how far down?” [1].

The warnings contrast with recent bullish momentum. XRP broke out of a seven-month trading range in July, reaching a multi-year high of $3.65 before retreating to $3.00. Institutional activity has fueled the rally, including a $20 million XRP treasury allocation by Nature’s Miracle Holding (NMHI), while on-chain data reveals whale accumulation of 280 million XRP units, signaling confidence in further upside [1]. According to CoinGecko, XRP gained 49.1% in July and 438.7% year-to-date, though it has declined 8.6% in the past week.

Analysts remain divided on short-term direction. While EGRAG’s bearish models suggest a retest of $2.50 if the $3 support level fails, others like Jonathan Carter anticipate a potential rebound to $4.60. The divergence reflects broader uncertainty as XRP navigates a post-bull phase [1].

EGRAG’s analysis also highlights the cyclical nature of crypto markets, noting that veteran investors might welcome dips below $0.30 as buying opportunities. However, the emphasis remains on the inescapable pattern of peaks and troughs: “Even the universe itself” follows such rhythms, the analyst asserted [1].

The market’s response to these projections will hinge on several factors, including regulatory developments and macroeconomic conditions. XRP’s legal challenges with the SEC, now in a post-trial phase, could influence sentiment, though EGRAG’s models focus primarily on technical and historical data rather than regulatory outcomes.

As investors weigh the risks, EGRAG’s scenarios serve as a cautionary framework, urging holders to prepare for volatility. The next critical price levels—$3.00 support, $4.60 resistance—will likely determine whether XRP consolidates its gains or faces a more pronounced correction [1].

Source: [1] [From $27 to $0.80? Analyst Unveils XRP’s Potential Bear Market Scenario] [https://cryptopotato.com/from-27-to-0-80-analyst-unveils-xrps-potential-bear-market-scenario/]