Connect with us
DAPA Banner

Crypto World

Analyst Tells XRP Holders to Tune Out War Talk and Watch Key Price Levels

Published

on

Analyst Tells XRP Holders to Tune Out War Talk and Watch Key Price Levels


Crypto analyst EGRAG Crypto urged XRP traders to ignore geopolitical headlines and focus on long-term price structure instead.

Crypto analyst EGRAG Crypto has said that XRP traders should stop focusing on geopolitical headlines and instead pay attention to the token’s long-term price structure.

Their latest chart outlines a defined roadmap with a potential macro bottom, a nearby breakout level, and long-range targets that extend several years into the future.

Advertisement

Key XRP Price Levels for the Next Market Cycle

In a post on X, EGRAG shared a minimalist monthly XRP chart that focuses almost entirely on price structure. The chart spans from 2014 through a projected timeline toward 2028 and highlights three critical phases: the previous cycle bottom, the current consolidation zone, and a potential breakout stage.

The analyst argued that the most important signals are already visible in the long-term structure. According to their chart, XRP appears to be stabilizing near a major support trendline that has been rising since the 2018–2019 bear market bottom.

That trendline intersects with the most recent consolidation zone, which EGRAG highlighted as the area where the next macro bottom could be forming. The chart suggests that the final shakeout may have occurred around the $0.50 region in late 2025 before the market returned to the $1 range.

The next step in their framework centers on confirmation. EGRAG pointed to a horizontal resistance band around the $1.00 to $1.40 region that must be cleared to confirm a broader bullish expansion.

Advertisement

Once that level flips into support, their chart shows XRP entering a multi-year upward channel. The long-term projection lines on the chart stretch toward the 2028 timeframe and point to potential price targets above $27 during the next cycle’s expansion phase.

You may also like:

EGRAG framed the chart as a simple visual argument that long-term structure matters more than short-term news events.

The self-proclaimed XRP perma-bull had already discussed near-term technical thresholds earlier in the week, saying a weekly close above $1.55 would weaken the downward trend that has kept XRP inside a descending channel for months. Furthermore, a break above $2.20 would invalidate the bearish structure entirely.

Other market participants shared similar technical observations, with analyst Arthur writing that his custom indicator had crossed a trigger line that historically precedes fast price moves, pointing to a previous rally of about 27% within four days after a similar signal.

Advertisement

His counterpart, CW, noted that XRP’s decline has once again touched the lower line of its long-term ascending channel, a level that historically marks the starting point of uptrends.

XRP Price Stalls Near Key Technical Levels

Despite those signals, XRP is still stuck inside a broader corrective structure.

At the time of writing, the token was trading around the $1.40 level, down about 0.8% over the past 24 hours. Weekly performance shows an even smaller decline of 0.3%, while the monthly chart reflects a larger pullback of about 12%. On a yearly basis, XRP is still down more than 44%, highlighting the scale of the correction that followed its 2025 peak.

SPECIAL OFFER (Exclusive)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
Advertisement

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Bitcoin Traders Bet On Sub-$66K BTC In April Due To Rising Fear

Published

on

Bitcoin Traders Bet On Sub-$66K BTC In April Due To Rising Fear

Key takeaways:

  • Bearish sentiment is rising as Bitcoin options professional traders lose confidence that the $66,000 level will hold for long.

  • The exit of David Sacks as the Crypto and AI czar and a lack of a clear US Strategic Bitcoin Reserve plan added to investors’ doubts.

Bitcoin (BTC) fell to $65,530 on Friday, an 8% decline from the $71,300 level seen on Thursday. This move wiped out over $210 million in leveraged bullish Bitcoin futures and left most call (buy) options worthless during the $18.6 billion monthly expiry. Traders now anticipate a 53% chance that Bitcoin will stay below $66,000 by April 24.

April 24 Bitcoin option prices at Deribit. Source: Deribit

On Friday, the April 24 Bitcoin $66,000 put (sell) options traded at 0.0566 BTC or roughly $3,730. With a 53% implied probability of Bitcoin trading below $66,000 by late April, the mood remains decidedly bearish following the increased uncertainty in the US and Israel-Iran war, pushing traders into a risk-averse mode.

US inflation threats and stalling crypto, Bitcoin legislation

Rising oil prices and a potential $200 billion in extra US military spending led investors to demand higher returns on government bonds and dragged the S&P 500 to its lowest levels since September 2025. West Texas Intermediate (WTI) oil surged to $100 on Friday, while 5-year Treasury yields reached 4.07%, up from 3.72% three weeks prior.

US 5-year Treasury yield (left) vs. S&P 500 (right). Source: TradingView

Inflationary fear and weaker corporate earnings perspectives alone cannot explain Bitcoin’s 20% underperformance against the S&P 500 in 2026. Other factors are likely at play, including investors’ discomfort over the lack of progress on the US Bitcoin Strategic Reserve.

David Sacks has stepped down from his role as the Trump administration’s crypto and AI czar. While Sacks remains an advisor on the President’s Council on Science & Technology, his departure follows earlier comments that inflated Bitcoin investors’ expectations. Sacks had previously hinted that the US could acquire more Bitcoin through budget-neutral methods without raising taxes.

Advertisement

Related: US lawmakers publish crypto tax proposal without Bitcoin tax exemption

Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas

The Bitcoin options delta skew jumped to 15% on Friday, showing that put options are trading at a significant premium relative to call instruments. In balanced market conditions, this metric usually ranges between -6% and +6%. The current level indicates a lack of conviction among whales that the $66,000 level will hold. Fear has largely dominated the Bitcoin options market since mid-January.

Bitcoin options expiry favored neutral-to-bearish strategies

Friday’s monthly options expiry at $68,610 proved unfavorable for neutral-to-bullish strategies, as 97% of call options became void. Bears gained the upper hand as put options at $69,000 or higher surpassed $2 billion in open interest. Critically, part of Friday’s downward move reflects a growing unwillingness among traders to maintain Bitcoin exposure over the weekend.

Crypto markets cut risk on Friday due to uncertainty. Source: X/WhalePanda

X social platform user WhalePanda, suggested that the crash in risk markets anticipates President Trump making “another dumb escalating move” after US markets close. Consequently, the current fear seen in the options market could reverse if no major geopolitical events occur before Monday.

During bearish cycles, traders often rush for the exits at the mere sight of any event that could be deemed negative. Investors should not take Bitcoin’s implied odds at face value, as these metrics are heavily impacted by recent news and headlines. However, expectations could shift more favorably if Iran effectively releases a counter-offer to the US peace proposal.