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Egrag Crypto: XRP bottoming signal has appeared, the figure is as follows

2026-08-28 00:49:05
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XRP has entered a technical phase that may become increasingly important in the coming months. Cryptocurrency analyst EGRAG CRYSTPTO (@ gragcrypto) pointed out that a bullish swallow structure is forming on the XRP 2-month chart. This pattern is located near an area that has been significant in past market cycles. The latest candle line still has time before the close, so the signal is still developing. However, the historical comparison of EGRAG CRYSTPTO provides a clear area of concern for current trends. The $0.98 level remains critical, and the 7-week moving average could shape the next stage of XRP before a larger market develops.

#XRP-2-month bullish engulfing bottom signal is printing

This 2-month signal is important.

Historical data shows that extreme lows usually remain unchanged when #XRP forms a bullish swallow structure near the main bottom. But this does not mean that prices cannot be retested to lower levels,...

- EGRAG CRYSTPTO (@ gragcrypto) August 26, 2026

2-Month Signal

EGRAG CRYSTPTO's chart compares the current XRP structure to previous periods when the bullish swallows candle appeared near major lows. His analysis shows that these patterns usually appear when XRP is near the end of a sharp decline. His analysis showed that XRP had marked its bottom. This focuses on the $0.98 area, which he believes is an important reference for the current cycle. The chart also highlights resistance levels at $2 and $2.20. XRP has recently gained more than 50% in three days, bringing it closer to resistance. The current candle line is below the marked resistance zone, while the moving average continues to track price movements.

US$0.98 remains critical

US$0.98 is critical to EGRAG CRYPTO's analysis. The historical case on the chart shows that a bullish engulfing structure forms near major lows, followed by extended price movements. The analyst explained that this structure often means that "certain extreme lows are usually not touched again." This has brought more attention to whether XRP can maintain its current structure over the two-month development of the candle line. A strong close would provide a more complete confirmation. Until then, the candle line was still in progress.

7-week moving average may shape the next trend

The chart also highlights XRP's 7-week moving averages and 11-week moving averages. EGRAG CRYSTPTO predicts that based on XRP's past price behavior, it will take patience to recover the 7-week moving average. He pointed out that XRP rarely regains its seven-week moving average in its first attempt. His historical observations show that the process may require 2 to 3 candle lines, with consolidation or retest occurring before the next wave of expansion. EGRAG CRYSTPTO sees October to December as a potentially stronger window for expansion. The next stage depends on a number of technological developments. If these conditions develop as expected by EGRAG CRYSTPTO, XRP may enter the end of the year with a stronger technical foundation and be ready for expansion.

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