**XRP Remains in a Powerful Accumulation Zone, Analyst EGRAG Maintains Bullish Outlook**
*Written By: Sam Wisdom Raphael | Follow TheCryptoBasic*
EGRAG Crypto, a well-regarded XRP community analyst, insists that XRP remains within a powerful accumulation zone despite recent market turbulence. His bullish stance arrives at a time when XRP has corrected alongside the broader crypto market amid widespread uncertainties.
Between November 3 and 4, the total crypto market capitalization lost nearly $350 billion, with XRP collapsing 13.16% during this period, dropping to the $2.20 price level.
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### XRP Still in a Bullish Position
Despite the recent pullback, EGRAG remains confident in XRP’s long-term prospects. In his latest analysis, EGRAG confirmed that he is presenting his commentary without fear despite the market bloodbath.
He explains that his optimism is rooted in the fact that nothing has changed on the higher timeframes, as XRP continues to maintain its long-term bullish structure.
EGRAG highlights a significant data distortion that occurred on October 10 across several exchanges including Binance, Bitstamp, and Coinbase. Although this distortion led to conflicting data, he identifies $1.40 as the true low on October 10.
According to the analyst:
> “As long as XRP holds above the $1.94 support area, it maintains its bullish structure.”
Within this support zone, XRP remains in one of the most powerful accumulation zones seen by investors. EGRAG urges investors to capitalize on this level while panic is prevalent, warning that hesitation could lead to regret later.
Data from his chart shows that XRP continues to trade within a range it formed after a drop from $3.40 in January 2025. During the crash on October 10, the altcoin retested the lower trendline of this range, but bulls stepped in to defend the support and XRP rebounded back into the range.
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### Micro Wick Target at $10; Macro Wick Target at $50
As XRP trades near the lower trendline of this structure, EGRAG remains bullish. He explains that should the recovery lead to an upward breakout, the first target — which he calls Micro Wick 1 — stands at $10. This target represents a 326% increase from XRP’s current price of $2.34.
Furthermore, EGRAG notes that, if the ongoing correction corresponds to a Macro Wave 2 pullback, the subsequent Wave 3, which would signify the recovery phase, could target a price range between $14 and $25. This projection is based on 1.618 times the increase observed during Wave 1.
EGRAG also highlights the possibility of a Macro Wick 2 following Micro Wick 1. He references some analysts predicting that XRP could revisit the low point of $0.77 seen during the crash on Binance’s exchange on October 10.
However, he argues that:
> “If the market fills the downward wick to $0.77 on Binance, it could also fill the upward wick on Gemini to $50.”
For context, shortly after Gemini listed XRP for the first time in August 2023, a brief price spike occurred reaching $50 due to thin order books. According to EGRAG, if XRP does move toward filling such wicks, the $50 mark represents a real blowoff wick target.
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### Disclaimer
This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.
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### About the Author
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with five years of experience covering blockchain, DeFi, and cryptocurrency developments. His active presence in the crypto community complements his deep understanding of the space, enabling him to craft clear price analysis reports and explain technical blockchain concepts.
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Stay tuned for more updates and in-depth crypto analysis here at The Crypto Basic.
https://thecryptobasic.com/2025/11/06/analyst-xrp-bullish-phase-macro-wick-target-50/
