Egrag Crypto Presents Historical Bull Case for XRP Post-Crash

• Egrag Crypto says XRP’s crash today looks like past setups before huge rallies happened
• XRP dropped 16 percent Monday to about $1.75, testing its key 200-day average support
• Analyst notes 50-day average still above 200-day (no ‘death cross’), keeping structure bullish

XRP got hit hard in Monday’s crypto sell-off, tumbling about 16 percent. But analyst Egrag Crypto is telling followers this ugly price action might actually be a bullish sign, based on XRP’s history.

Egrag points to the charts from 2017 and 2021. Both times, XRP suffered massive crashes – dropping over 70 percent – before it eventually exploded higher by 1,000 to 2,700 percent. He says the current setup, with XRP falling hard and testing its key long-term support (the 200-day moving average), looks very similar to those previous cycles right before the huge rallies started. 

Egrag even circled August 4th, 2025 on his calendar as a potential date to watch, based on how these cycles timed out before.

Related: Is Ripple Quietly Reducing Its XRP Sales Pressure? Escrow Data Analyzed

How Did XRP Trade Monday?

XRP was trading around $1.75 late Monday, down sharply from nearly $2.10 just a day earlier, according to CoinMarketCap. Trading volume absolutely surged – up over 374% to more than $10 billion.

Big volume on a big price drop usually signals heavy selling pressure, maybe even panic or forced liquidations. The coin’s total market value dropped about 16 percent too, down to roughly $102 billion.

Do Short-Term Signals Look Bad?

Yes, the immediate technical picture is weak. The Relative Strength Index (RSI), which measures momentum, plunged below 31. That’s deep into “oversold” territory. While sometimes prices bounce hard from oversold levels, there were no strong signs of that yet.

The MACD indicator also confirms the current downward momentum is strong.

So Why Egrag’s Optimism? (It’s About Structure)

Despite the bad short-term signals, Egrag focused on a key long-term structural point. He noted that even in the past winning cycles, XRP often dipped below the 200-day average before rallying.

Crucially, he highlighted that the faster 50-day average price line is still above the slower 200-day average line. This means the dreaded “death cross,” a major bearish signal, hasn’t happened yet. For Egrag, this keeps the bigger-picture bullish structure technically alive.

Related: XRP Price Prediction: Can Bulls Push Past $2.10 for Rally to $2.68?

What’s the Bottom Line From Egrag?

His analysis suggests: Don’t necessarily panic over Monday’s crash. It fits a historical pattern that previously led to massive gains if that pattern repeats. Watching if XRP holds support around the 200-day moving average now is critical.