Analyst Says XRP Could Retrace toward $1.20 Before This Happens

XRP has pulled back sharply on its monthly chart. It closed the current candle at $1.4028, down $0.0866 or 5.81% on the month. For many investors, the drop raises questions. Crypto analyst EGRAG CRYPTO (@egragcrypto) addressed those concerns directly in a recent post, arguing that the monthly structure remains intact. He stated, “Sometimes I read the comments and wonder if people are analyzing charts or consulting their coffee cups!” The Key Moving Averages The analyst built his case around two exponential moving averages plotted on the monthly chart: the 33 EMA and the 111 EMA.

Source: Times Tabloid