XRP is facing a fresh bearish warning. Market analyst Egrag Crypto said the token could enter what he described as a “nightmare” scenario, with a potential correction of as much as 47%. In his view, the worst-case outcome would send XRP into the $1.40 to $1.20 range, a call based on historical price behavior and what he sees as similarities between the current structure and earlier market cycles.
Historical pattern points to a deeper pullback
According to Egrag Crypto, XRP’s present setup resembles prior periods that ended in steep retracements. That comparison led him to outline a much lower downside range than many holders may expect. If XRP were to fall to between $1.40 and $1.20, it would mark a sharp decline from current levels and could shake confidence across the market.
He says he would hold through the decline
Even with that downside scenario on the table, Egrag Crypto said he does not plan to sell his XRP holdings. He views a move into the $1.40-$1.20 zone as a point of maximum fear, but also a potential buying area where he would look to add to his position rather than exit.
His argument is not limited to short-term price action. He treats corrections of this kind as part of the normal crypto market cycle and maintains that the current bull cycle is not over. In that framework, a drop of this size would be a temporary setback, not a lasting breakdown in XRP’s broader trend.
Long-term confidence remains intact
Despite the bearish short-term outlook, Egrag Crypto said he still sees XRP as one of the safer bets in crypto, especially relative to projects that have run into major issues. He also argued that the asset’s fundamentals remain strong. From that perspective, a severe drawdown would not erase the long-term thesis, and could instead open a new entry point for investors who remain committed to XRP over a longer time horizon.
The key message from his latest outlook is direct: he sees room for a significant correction, but he has not changed his view that XRP can recover after it.