Crypto analyst EGRAG CRYPTO has shared a detailed Elliott Wave analysis for XRP, outlining the price levels he believes will determine whether the asset enters a new bullish expansion phase or remains inside a larger corrective structure. EGRAG CRYPTO said Fibonacci levels are now “revealing the entire battlefield” for XRP. His chart focused heavily on the Fib 0.618 and Fib 0.702 retracement levels, which he identified as the most important resistance zones in the current market structure. According to the analyst, the Fib 0.618 level near $1.51 is acting as the first major resistance. He stated that XRP has so far failed to confirm a close above that area, which keeps uncertainty about the market’s next direction in check. EGRAG CRYPTO explained that if XRP cannot reclaim the $1.51 level and then push above the Fib 0.702 level near $1.83, the Elliott Wave structure still supports a deeper correction. Based on his analysis, the next downside targets would be the Fib 0.382 level around $0.89 and the Fib 0.236 level near $0.64. #XRP – Elliott Wave Corrective Structure : The Fib Levels are currently revealing the entire battlefield for #XRP . Fib 0.618 at $1.51 is acting as the FIRST major resistance. So far: #XRP has FAILED to provide confirmed closes above this level.… pic.twitter.com/l6UpkvWGib — EGRAG CRYPTO (@egragcrypto) May 15, 2026 Elliott Wave Structure Remains the Main Focus The analyst connected these possible downside targets to what he described as classic Wave 4 corrective retracement structures. His chart included multiple wave counts, showing several possible paths XRP could follow depending on how the price reacts around the identified Fibonacci zones. At the same time, EGRAG CRYPTO also presented a bullish scenario. He suggested that the current setup may actually represent a massive Wave 2 correction that already bottomed in February. If that interpretation proves correct, XRP could be preparing for a strong continuation higher into a larger Wave 3 or Wave 5 expansion. The chart attached to his post showed projected wave formations extending into future years, with several upside Fibonacci targets positioned well above current price levels. The analysis also highlighted historical corrective structures and wave relationships commonly used in Elliott Wave theory. Analyst Says Corrective Waves Are the Hardest Part of Market Cycles EGRAG CRYPTO emphasized that corrective waves are often the most difficult part of Elliott Wave analysis. In his view, traders frequently struggle during these periods because markets can produce fake breakouts, deep retracements, emotional trading traps, and highly complex price formations. He stated that identifying corrections properly is more challenging than tracking Wave 3 or Wave 5 expansions. However, he argued that once the corrective structure becomes clear, the larger impulsive moves become easier to identify and potentially capitalize on. The analyst concluded his post by stressing the importance of focusing on market structure rather than short-term market noise. His comments suggest that XRP’s reaction around the $1.51 and $1.83 resistance levels could determine whether the asset confirms a bullish continuation pattern or remains vulnerable to another major retracement. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Egrag Crypto: Fib Levels Are Revealing Entire Battlefield for XRP appeared first on Times Tabloid .
