Market Outlook Reveals XRP Has Begun Its “Melting Phase” — A Shed Before The Pump? ⋆ ZyCrypto
The post Market Outlook Reveals XRP Has Begun Its “Melting Phase” — A Shed Before The Pump? ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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XRP has entered what analyst EGRAG Crypto calls its “face melting phase,” a period he argues will test conviction before any meaningful upside expansion. According to his latest outlook, even a continuation along a projected downside path could present a generational accumulation opportunity rather than structural failure. The analyst insists that the core principle is that meaningful gains require enduring discomfort first. Egrag has consistently framed XRP’s current price action as a macro reset within a broader long-term expansion. In an earlier commentary, he maintained that the bullish structure and wave count are intact, identifying $0.85 as a wave two capitulation zone. Under EGRAG’s framework, wave three usually delivers the strongest advance. The analyst initially outlines expansion targets of $11 to $13, followed by $23 to $27 as a high-probability range, with $100 as a tail-risk outcome if liquidity conditions shift toward risk assets. EGRAG says 2026 is a volatility-driven year designed to shake out weak hands rather than invalidate the broader structure. However, data from CoinMarketCap show that short-term price action remains fragile. XRP recently dropped 9.1% from $1.42 to $1.30 after a high volume breakdown below $1.36 support, with selling activity surging more than 170% above average during the capitulation phase. Advertisement
  Moreover, a brief rebound toward $1.33 was swiftly rejected, confirming lower highs and reinforcing that $1.36 to $1.37 now acts as resistance. Traders are monitoring $1.30 as immediate support, with a decisive loss exposing $1.20 to $1.22. XRP trades at $1.37 at press time, down 2.14% over 24 hours, in step with Bitcoin’s move. Meanwhile, PNC Bank’s partnership with Coinbase to expand digital asset access to millions of users has been cited as evidence of growing institutional integration, reinforcing…
Filed under: News - @ March 7, 2026 12:27 pm