📉 Short-Term Weakness, But Long-Term Structure Remains Intact

Despite the ongoing drawdown, prominent analyst EGRAG Crypto argues that $XRP ’s higher-timeframe structure remains unbroken. According to his assessment, the recent price weakness is not indicative of a macro top but instead fits within a long-forming consolidation structure.

EGRAG points out that $XRP continues to trade inside a wide accumulation range on the weekly timeframe — a range that has taken months to fully develop. From his perspective, this extended period of sideways action is historically more consistent with pre-breakout accumulation, not distribution.$XRP

XRPUSDT

Perp

2.0428

+1.75%