Been looking at XRP's chart lately and there's something interesting developing that most people might be missing. Egrag Crypto recently broke down what he's seeing - a triple-bottom formation taking shape across multiple market cycles, and honestly the macro structure he's pointing out is hard to ignore once you see it.

The way it works is pretty straightforward if you zoom out. XRP has been building three major base levels that together form this triple bottom pattern spanning several months. What makes this setup worth paying attention to is that throughout this entire move, the price has been respecting its long-term trend and moving averages. That kind of consistency suggests this isn't just random noise but an actual technical structure.

Right now we're apparently in what Egrag Crypto describes as the final corrective phase - basically an ABC structure where the market has dipped in three segments. If his analysis holds, we could be approaching the end of wave C, which would mean the correction is nearly complete. He's identified around $0.91 as a critical confluence zone where multiple technical signals align - that's your 0.618 Fibonacci retracement level meeting previous demand zones. That area could be where the final bottom forms before things turn around.

Here's the key though: for this whole setup to actually shift into bullish territory, XRP needs to reclaim $1.65 on the weekly timeframe. Currently trading around $1.38, so we're still in that intermediate zone. If that $1.65 level gets taken back, it would break the descending corrective structure and suggest the triple bottom formation has actually completed. Once that happens, Egrag Crypto expects the chart could start aligning with higher Fibonacci extensions and kick into the next growth cycle.

The main takeaway from Egrag Crypto's analysis is that understanding market structure matters way more than chasing short-term moves. Whether you're bullish or bearish on XRP, the technical framework here is worth studying from a macro perspective. The levels are there, the pattern is there - now it's just about watching whether price respects the structure or breaks it.