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XRP sits near $1.03 as analyst maps a possible double bottom
EGRAG says buyers must hold the $1.00–$1.05 zone and then clear $1.385 before the pattern counts.
Key takeaways
- XRP traded at $1.03, about 33% below its early October level of roughly $1.55.
- The token lost 16% in October 2026, its fourth-worst October in more than a decade.
- Analyst EGRAG sees a possible double bottom forming around $1.00–$1.05.
- EGRAG puts $1.385 as the first upside target after a confirmed breakout, with $2.00 as the larger goal.
- The analyst says the setup needs a second defense of support and a neckline break to be confirmed.
A support zone under watch
XRP was trading at $1.03 on 12 November 2026, roughly 33% below the level of about $1.55 it held in early October, according to The Crypto Basic. The token fell 16% in October 2026, which the outlet describes as its fourth-worst October in more than a decade.
Analyst EGRAG, cited by the outlet, is watching the $1.00–$1.05 band on the daily chart. That range overlaps a Fair Value Gap, a chart area left when a price move is so fast that little trading occurs in between. EGRAG argues that filling even half of that gap could help XRP turn higher.
Three steps to a double bottom
In EGRAG's reading, the pattern would unfold in stages. The first bottom is forming in the $1.00–$1.05 zone now. If buyers keep defending it, the analyst expects a rebound toward $1.20–$1.25.
That bounce alone would not complete the formation. XRP would then need to pull back to the same range and hold it again, setting a second bottom. The final step is a break above neckline resistance, which EGRAG places at $1.385 as the first upside target. A move past that level could bring $1.51 into view, and $2.00 if buying continues, according to the analyst.
Signals and caveats
EGRAG also points to the shrinking bodies of recent daily candles as a sign that sellers may be running out of force. CoinDesk Analytics has separately reported that XRP held the $1.00–$1.05 support zone, according to The Crypto Basic. The outlet adds that whale buying has reportedly absorbed some of the supply that would otherwise have added to selling pressure.
The analyst stresses that none of this confirms a reversal yet. Holding support twice is not enough on its own, and EGRAG says buyers must push the price above the neckline before the double bottom can be treated as a bullish pattern. XRP's near-term price action remains below resistance.
Sources
1 report- The Crypto BasicXRP Eyeing Double Bottom Structure That Could Push Prices to $2
This article was prepared by BattleTown Newsroom from the reports listed above.
Frequently asked questions
What price was XRP at on 12 November 2026?
The Crypto Basic reported XRP trading at $1.03, about 33% below its early October level of around $1.55.
What levels does EGRAG name for a possible double bottom?
The analyst points to the $1.00–$1.05 support zone, a first rebound toward $1.20–$1.25, neckline resistance at $1.385, then $1.51 and $2.00 as larger targets.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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