EGRAG CRYPTO’s XRP Price Chart That Says It All Before the Dump

In a terse X post accompanied by a TradingView snapshot, independent market technician Egrag Crypto published a concise technical analysis that he later reposted under the caption, “Simply This TA was posted before Even the Dump started.” The post, along with the attached chart, highlighted a textbook micro bull flag, key horizontal support zones, and a major resistance level near $3.30 — all annotated before the market correction began. What the Chart Revealed Egrag’s chart emphasized the flag formation that had taken shape following XRP’s mid-July rally. The magenta channel represented the consolidation range, while the upside breakout target was placed around $3.30. At the same time, the chart marked a critical support level near $2.75 and an invalidation threshold just below $2.65. #XRP – Simply This TA was posted before Even the Dump started. You read and you decide. pic.twitter.com/JiKVar6aw8 — EGRAG CRYPTO (@egragcrypto) August 20, 2025 Egrag explained that a decisive move above the flag would confirm bullish continuation, whereas a drop below support would indicate a deeper retracement. Market Reaction and the Dump Shortly after the analysis was shared, XRP entered a corrective phase triggered by heavy selling pressure and profit-taking across major exchanges. Market reports pointed to notable whale activity contributing to the downturn, with XRP slipping below the $3 psychological level. The movement validated Egrag’s earlier chart warning that failure to hold the flagged support could accelerate a pullback. Context and Market Data At the time of the decline, XRP was trading just above $3, with a circulating supply of approximately 59.4 billion tokens. This supply structure underscores why relatively small price shifts translate into massive changes in market capitalization, magnifying the impact of corrections or rallies. Aggregated data from live trackers reflected the sharp adjustment in capitalization as the selloff unfolded, confirming the technical setup that Egrag highlighted. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Why the Technicals Were Significant Egrag’s analysis carried weight because it defined decision points clearly. A confirmed breakout above $3.30 would have suggested strong continuation, while a decisive drop below $2.65 marked the threshold for extended downside pressure. Many traders used these reference levels as actionable guideposts for setting entry, exit, or stop-loss orders, demonstrating the utility of well-framed technical maps. Key Takeaway The episode underscores two important lessons. First, technical analysis that specifies levels in advance can be objectively evaluated against real market outcomes — in this case, the drop validated the risk zones Egrag had outlined. Second, such analysis should be seen not as fortune-telling but as risk management tools that help traders make structured decisions amid volatility. Egrag Crypto’s chart ultimately became a timely case study in how disciplined technical mapping can anticipate pivotal moves. By clearly identifying levels before the downturn, his analysis provided clarity at a moment when markets turned sharply, reaffirming the value of precise technical insights in navigating XRP’s unpredictable swings. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post EGRAG CRYPTO’s XRP Price Chart That Says It All Before the Dump appeared first on Times Tabloid .