Just caught up with Egrag Crypto's latest technical take on XRP and it's pretty interesting if you're thinking long-term. He's been mapping out what looks like a triple-bottom structure forming across multiple cycles, and honestly, the macro perspective here is worth considering even if you're usually focused on shorter timeframes.

The core thesis from Egrag Crypto is that XRP might be wrapping up a major corrective phase. What he's identifying is this ABC pattern where the market essentially dipped in three distinct segments, and we could be near the end of that final corrective wave - the wave C part. If that plays out, it suggests we're close to completing this multi-cycle bottom formation.

What caught my attention is the specific level he's flagging. Around $0.91 seems to be where several technical signals converge - it's hitting the 0.618 Fibonacci retracement, aligns with previous demand zones, and represents that final confluence area. Egrag Crypto is suggesting this could be the last liquidity sweep before things shift. Current price is sitting at $1.41, so we're already above that potential bottom zone.

But here's the key confirmation level everyone should be watching: $1.65 on the weekly. According to Egrag Crypto's analysis, if XRP reclaims that level, it would actually break the descending corrective structure and signal that the triple bottom has completed. That's when you'd expect the chart to start respecting higher Fibonacci extensions and potentially moving into a new expansion cycle.

What I appreciate about this analysis from Egrag Crypto is the emphasis on structure over noise. He's not chasing daily volatility - he's looking at where XRP sits relative to its long-term trend and moving averages. The pattern consistency he's pointing out does suggest this might be more than random price movement.

Obviously, technical patterns don't guarantee outcomes, but the $1.65 level is definitely one to keep on your radar if you're holding XRP or watching the space. If we see a weekly close above that, it would support the bullish structure case that Egrag Crypto is laying out.