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XRP EGRAG CRYSTPTO: The "double corner" pattern of XRP triggered a correction, with a short-term downside of US$0.28.
Well-known cryptocurrency market analyst EGRAG CRYSTPTO released the latest technical analysis on XRP to subscribers on September 27. At the time, XRP was trading at approximately $1.54. Its chart identifies a pattern called "double horns" that forms in the price range of $1.55 to $1.60.
The technical form sends a callback signal
According to EGRAG CRYSTPTO analysis, the "double angle" form consists of two continuous K-line shadows on the same resistance level. He interpreted this configuration as a warning signal that XRP faced a high risk of a correction and could even fall sharply.
After this preliminary analysis, XRP quickly fell to about US$1.32. EGRAG CRYSTPTO pointed out that this trend is highly consistent with its previous forecasts. For traders who entered after his warning, this provided a downside profit opportunity of $0.23 to $0.28, depending on the timing of entry.
EGRAG CRYSTPTO emphasized that the presence of two hatchings in the $1.55 to $1.60 area-the so-called "double corners"-signals potential short-term weakness, which in this case led to the XRP retracement to $1.32, bringing considerable downside gains to traders following its guidance.
Macro and Micro Perspectives
The original chart on September 27 also placed XRP inside a broad symmetrical triangle at the weekly level, indicating that if the triangle's support remains strong, a potential large-level bullish trend may unfold. EGRAG CRYSTPTO has set a future Fibonacci expansion target of as high as $31.63 and pointed out that if there is a further correction, the $1.05 to $1.15 range may be the main buying area.
He outlining that a weekly close of $1.65 to above $1.70 will restore bullish sentiment; a break below the triangular bottom could trigger a deeper correction. In his trading approach, EGRAG CRYSTPTO strictly distinguishes between macro and micro time frames, maintaining long-term overall optimism while remaining cautious about short-term fluctuations.
Mini Dictionary: Symmetric Triangle
Symmetric Triangle -A chart form used in technical analysis that represents the consolidation period before prices are forced to break in either direction, formed as convergent trend lines meet.
Current Outlook
EGRAG CRYSTPTO has long emphasized that its trading strategy relies on predicting multiple scenarios and time frames and maintaining position flexibility. He described his approach as providing a "macro + micro perspective," with each scenario corresponding to a different entry area and risk exposure. The recent trend of XRP falling to US$1.32 is a reflection of its practical approach.
The triangular support level remains the core focus of the medium-to long-term outlook. If XRP continues to fall back, EGRAG CRYSTPTO identifies US$1.05 to US$1.15 as a key accumulation area. Conversely, if prices rebound and close above $1.65 to $1.70 on a weekly basis, he believes the short-term bearish outlook will be denied and return to a bullish stance.
He insists that the "double corner" correction is a healthy step back within a larger bullish structure, rather than a true reversal of a long-term uptrend.
Key Price Areas and Operational Guidelines
The analyst continued to emphasize the importance of focusing on chart structure rather than market sentiment, repeatedly saying: "Structure is more important than opinions, prejudices or other market noise."
This article does not constitute any financial advice and readers are encouraged to conduct independent research before making investment decisions.
