XRP, the digital asset native to the XRP Ledger and closely associated with payments company Ripple, is facing a potential decline toward $1.00, with crypto analyst EGRAG CRYPTO warning that a daily close below $1.07 could threaten the token's broader technical price formation. In a post published on X on November 9, 2026, the analyst said the downside scenario he had tracked for weeks was now unfolding, leaving the $1.11–$1.07 range as the final potential support zone before his $1.00 downside scenario comes into view. He also mapped potential recovery levels at $1.25, $1.43, $1.63 and $1.80, while stressing that price confirmation is required before those paths can be treated as valid.

A screenshot accompanying the post showed XRP changing hands at approximately $1.09, down 6.78% at the time it was captured. EGRAG CRYPTO, who publishes market analysis on X under the handle @egragcrypto, said his preferred outcome had been a rebound from $1.18, but the market continued lower. According to the post, he has shared the chart behind the setup countless times. His updated analysis identifies the $1.11–$1.07 band as the immediate area to monitor, making price behavior within that range central to his next assessment of the setup. In technical analysis, support zones are price areas where traders watch for selling pressure to slow, and a daily close — the final price at which a daily candle prints — is generally treated as a more meaningful marker than intraday moves.

The $1.18 level was not new to his framework. The analyst had previously identified it as a downside target, and a November 7 report documented his statement that XRP had touched that level, alongside his warning of a possible further decline toward $1.07. His latest post, however, places greater emphasis on the daily closing price as the decisive measure.

#XRP – THE WORST-CASE SCENARIO IS PLAYING OUT!

I've shared this chart countless times. Now the downside scenario is unfolding!

My preferred setup was a bounce from $1.18, but #XRP had other plans.

HERE'S WHERE WE STAND:

$1.11–$1.07: Final potential support zone.

… pic.twitter.com/K6mMSwBVcn

— EGRAG CRYPTO (@egragcrypto) November 9, 2026

Why XRP's $1.11–$1.07 Support Zone Matters

Although $1.07 marks the lower end of the immediate support zone, EGRAG CRYPTO also outlined $1.00 as a possible downside destination. He nevertheless said that a touch of that psychological level would not necessarily invalidate the broader higher-low structure shown in his chart. Round-number prices such as $1.00 are commonly described by traders as psychological levels because they draw heightened attention, while a higher-low structure refers to a pattern in which each pullback bottoms above the one before it — a formation technical analysts generally associate with an uptrend that remains intact.

The analyst drew a clear distinction between a temporary decline and a confirmed breakdown. According to him, a daily close beneath $1.07 would represent a major warning, because it could signal weakness across the entire formation rather than failure at a single horizontal support level. That distinction leaves room for an intraday move toward $1.00 without automatically confirming a lasting structural breakdown, and in his framework only the daily close carries that structural weight.

At the same time, the post does not establish that buyers will defend either level, nor does it provide a timetable for any reversal. As with any individual analyst's chart work, the setup reflects one market participant's framework rather than a market-wide consensus. His chart combines marked support areas with projected recovery paths, but these remain conditional scenarios, and the projected recovery route therefore represents the analyst's expectation rather than a confirmed trajectory. A sustained move higher would still require price confirmation rather than reliance on the projected path alone. The post did not identify any specific catalyst behind the pullback.

Recovery Levels Stretch From $1.25 to $1.80

Despite the downside warning, EGRAG CRYPTO maintained his accumulation stance. He said he was purchasing XRP in the spot market while accepting the possibility of additional losses. For leveraged positions, however, he said he would wait for confirmation before entering, separating his spot accumulation strategy from higher-risk trades.

The analyst identified $1.25 as the first recovery level, followed by $1.43, $1.63 and $1.80. These targets also appeared in reporting on his earlier analysis, although no recovery timetable was established. He maintained that his broader conviction remained unchanged but stressed that price action must confirm the recovery scenario before leveraged entries are considered.

This report was first published by Blockonomi.