Egrag Crypto Presents XRP Wick Map and Max Pain Setup

Crypto analyst Egrag Crypto has presented a detailed structural outlook for XRP, arguing that market makers are systematically targeting liquidity levels across major exchanges.

In a tweet accompanied by a long-term chart, he described what he calls “The Wick Map + Max Pain Setup,” urging followers to review the data carefully and focus on structure rather than sentiment.

According to Egrag Crypto, XRP has already swept the majority of key exchange lows. He listed previously taken levels on Poloniex, Gemini, Coinbase, Bitstamp, TradingView, and Binance spot markets, noting that XRP/USDT and XRP/USD pairs across these platforms have seen their respective downside liquidity levels cleared.

Among those cited were $2.26 and $2.17 on Poloniex, $2.10 on Gemini, $1.77 on Coinbase, $1.58 on Bitstamp, $1.37 on TradingView, and $1.25 on Binance. He emphasized that Binance printed what he described as the most aggressive wick on his chart.

However, he highlighted three remaining downside levels that have not yet been taken. These include $1.08 on KuCoin (XRP/USDT), $1.00 on Bitfinex (XRP/USD), and $0.77 on Binance perpetual futures (XRP/USD). In his view, these untouched liquidity points remain central to the broader setup.

Mean-Reversion Statistics and Projected Final Sweep

Egrag Crypto layered historical “Super Guppy” mean-reversion data onto the liquidity analysis. He referenced two prior cycles that experienced drawdowns of approximately 50% and 40%, producing an average decline of about 45%. Applying this historical pattern to the current structure, he projected a potential final sweep into the $0.75 to $0.65 range.

The chart he shared illustrates a macro ascending triangle structure, supported by a long-term rising trendline. The projected $0.75–$0.65 zone aligns with that macro green uptrend support. He argued that such a move would complete liquidity objectives while preserving the validity of the larger bullish formation.

In his words, the anticipated move represents structure rather than emotion. He maintained that the market is following a technical process driven by liquidity mechanics, not arbitrary price action.

Two Potential Paths Forward

Egrag Crypto outlined two possible scenarios from current levels. The first is what he described as the “bull path,” in which XRP sweeps the remaining liquidity and rapidly reclaims higher levels. He suggested that the fastest reversals tend to occur when sentiment reaches extreme pessimism.

The second scenario is a slower decline, characterized as a gradual move toward the $0.75–$0.65 range before a broader reversal takes shape. In both cases, he maintained that the projected sweep would complete the structural requirements visible on his chart.

He also disclosed that his long-term holdings remain intact. While trading the broader macro range, he stated that he continues dollar-cost averaging for long-term positions and is reserving capital for what he considers the appropriate moment to deploy remaining funds.

Concluding his post with a pointed message, he wrote that those unable to tolerate a move into the $0.75–$0.65 range may not be positioned for the upside he anticipates.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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