Just caught some interesting XRP analysis floating around. So Egrag Crypto is telling people not to panic right now, which honestly is solid advice during these corrections. He's mapping out some key levels to watch - basically saying if XRP holds above $2.80, we're still in bullish territory. If it drops to $2.65, that's still a solid structure. But there's also talk of a potential 30% pullback down to $2.34, which Egrag thinks could happen before the next leg up.

What's wild is the long-term picture Egrag is painting. On the 6-month chart, he's looking at this altcoin potentially hitting anywhere from $27 to even higher depending on the scale you use. His midpoint calculation puts a possible peak around $27, which is pretty different from where we are now at $1.37. That said, Ali Martinez is flagging some short-term risk - he's noting that XRP's MVRV ratio shows a death cross pattern, suggesting a stronger correction could be coming, maybe even testing $2 on the downside.

The vibe from Egrag Crypto seems to be that this is just a temporary pullback in a bigger bull structure. On-chain data apparently shows $2.80 is acting as temporary support with real support kicking in below $2.48. Either way, both analysts seem to agree the real move is still ahead, just maybe not today.