XRP is holding near $1.50 after a sharp recovery from its summer lows, while analyst Egrag Crypto identifies $1.45 and $1.65 as the key boundaries of the token's current range, with an ABC scenario still in play that maps downside levels if support gives way.

Egrag Keeps XRP Inside a Narrow Range

According to Egrag Crypto's September 30 post on X, XRP remains between $1.45 and $1.65 until the price closes outside either level. He described $1.45 as the range low and $1.65 as the range high, noting that the token is moving inside a smaller range within its broader market structure.

Egrag said his ABC scenario stays active unless XRP closes above $1.65, adding that the B wave could still extend higher. The ABC labels come from Elliott Wave analysis, a technical framework that describes corrective phases as three-wave structures in which the C wave is generally treated as the final leg. If the C-leg develops, he mapped potential downside levels at $1.41, $1.37, $1.32, $1.28 and $1.22.

He also said he would consider accumulating XRP again if the price reaches $1.30 or lower. For long-term holders, he described the $1.45–$1.65 area as an accumulation zone.

XRP Recovered After a Long Decline

Chart data from Santiment shows XRP falling from roughly $1.35–$1.45 between late March and early July 2026, with the decline taking the token near $1.00 in late June or early July. During that period, the 50-day moving average fell below the 200-day moving average, a setup that accompanied the extended downturn before the trend changed in late August. A crossover of that kind, in which a shorter-term average slips beneath a longer-term one, is commonly referred to by traders as a death cross.

XRP then climbed from about $1.05 to above $1.50 in a sharp move, reversing the prolonged slide. Daily Active Addresses, a metric that tracks how many unique addresses are active on a network each day, also spiked during the rally, reaching several hundred thousand, with one reading at about 938,000.

Key Levels Sit Near $1.42 and $1.55

After reaching roughly $1.55–$1.60, XRP entered a volatile consolidation phase. On September 30, the price stood near $1.501. The 50-day moving average was around $1.53, while the 200-day average stood near $1.42, leaving XRP trading below its shorter-term average but above its longer-term average.

The holder count also increased, ending near 8.18 million from roughly 7.66 million. The chart identifies $1.42 as longer-term support and $1.53–$1.55 as immediate resistance. A move above $1.55 could reopen the $1.60–$1.63 area, while a break below $1.42 would weaken the recovery structure.