XRP’s current weakness does not change the larger bullish structure for EGRAG Crypto, who argues that the token is still moving through a corrective Wave 2 before a much stronger Elliott Wave expansion begins.
EGRAG says the first impulse move from roughly $0.98 to $1.70 has already been completed.
What XRP is experiencing now, in his interpretation, is Wave 2, a corrective phase that could still produce more volatility and downside before the next bullish leg develops.
His timing is unusually specific: EGRAG is watching November 18, 2026 and the period after it for the beginning of the next expansion.
What you'll learn 👉
EGRAG Says the XRP Correction Was Expected
EGRAG’s broader thesis is based on Elliott Wave analysis.
He believes XRP is currently inside Macro Wave 3, which itself contains five smaller waves. Under his count, the rally from $0.98 to approximately $1.70 represented the first smaller wave.
The current decline is Wave 2.
That distinction is central to his argument because Elliott Wave theory generally treats Wave 2 as a retracement of the first impulse before Wave 3 begins.
EGRAG describes Wave 3 as the strongest bullish phase of the structure, but that remains his technical interpretation rather than a guaranteed market outcome.
#XRP – THE CORRECTION I CALLED! I’ve been warning about these corrective waves for weeks, and the chart is following my roadmap! Let me simplify the Elliott Wave structure: 🟣We are in MACRO WAVE 3⃣, historically, statistically and mathematically the strongest bullish impulse wave! 🟣Macro Wave 3⃣ consists of 5⃣ smaller waves: 🟣Wave 1⃣: $0.98 → $1.70 – COMPLETED! 🟣 Wave 2⃣: Corrective phase, potentially nearing completion! 🟣 Wave 3⃣: The next bullish expansion I’m preparing for! which is wave 3⃣ in Wave 1⃣ of Wave MACRO 3⃣. My timing? NOVEMBER 18, 2026 onward! 💡Until then, expect more CHOP and volatility! 💡Remember my previous post titled “CHOPTOBER”? October’s historical performance was one reason I anticipated this corrective phase. 💡Short-term bearish does NOT mean macro bearish! 💡I’m still firmly in the MACRO BULLISH camp! 🐂 📊 For the updated chart and full analysis, check the link below Link 👇: https://t.co/ROllMoGqdS Men lie. Women lie. But @egragcrypto charts don’t lie! #EGRAGCRYPTO ripple:native
— EGRAG CRYPTO (@egragcrypto) October 15, 2026
He expects October to remain volatile and previously described the period as “Choptober.”
What the XRP Chart Shows
The chart gives several levels that are useful even without accepting the Elliott Wave count.
XRP was rejected around the $1.65-$1.66 area after producing large upper wicks. Price then moved back below Fibonacci levels around $1.60, $1.55 and $1.50.
Those levels now form a clear resistance ladder.
A recovery above $1.50-$1.55 would weaken the immediate bearish structure. Above that, $1.60 and roughly $1.66 become the next levels XRP would need to recover.
The downside structure is more important in the short term.
EGRAG’s chart marks areas around:
- $1.41 as the first reaction area
- $1.37-$1.32 as an important lower zone
- roughly $1.28-$1.26 as deeper Fibonacci support
- about $1.22 as a more aggressive retest scenario
His chart therefore does not imply that the correction has definitely finished.
Why November 18 Is Important in His Forecast
EGRAG says he is preparing for the next bullish expansion from November 18 onward.
That does not mean XRP must rally exactly on that date.
The more useful interpretation is that he expects the present corrective phase to consume more time before the broader bullish structure resumes.
For his thesis to gain credibility, XRP would ideally establish a bottom, stop producing lower lows and then begin reclaiming the $1.45-$1.50 region.
A move through $1.55-$1.66 would provide much stronger confirmation that Wave 2 may be finished.
If XRP instead keeps losing the lower Fibonacci zones and breaks materially below the $1.22 area, his current wave count would need to be reassessed.
All in all, he is not arguing that XRP must immediately rebound. He is allowing for additional volatility and deeper retracement before the bullish scenario develops.
That makes $1.22-$1.37 the area to monitor on the downside, with $1.50-$1.66 acting as the important recovery zone.
The November 18 timing is much harder to validate because Elliott Wave timing is subjective.
But if XRP stabilizes during the coming weeks and later reclaims the resistance levels shown on his chart, EGRAG’s Wave 3 scenario would become considerably more interesting.
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