A familiar technical pattern may be re-emerging on XRP’s chart, and one analyst says it could mark the end of the token’s long corrective phase. Market watcher Egrag Crypto flagged on X on March 29 that XRP is replaying a “5D Bottoming Blueprint” — a five-day timeframe structure that previously pinpointed the crypto’s market low and preceded a sustained rally in 2022.
What the pattern looks like
- The blueprint is defined by a 21-period EMA crossing above the 200-period EMA, followed by a sharp corrective pullback that establishes a price floor on the 5-day chart.
- In mid-2022 that sequence played out with a roughly 14.66% correction across four 5-day bars (about 20 calendar days), after which XRP found a bottom and began a renewed uptrend.
Why it matters now
- Egrag notes the same technical ingredients have appeared again: the 21 EMA has moved above the 200 EMA and XRP has already experienced about a 14% pullback, mirroring the prior cycle.
- The current bar count is tracking the four-bar historic pattern, which would point to a potential bottom around 20 calendar days from the start of the sequence — Egrag has identified April 16 as a key decision window.
Levels to watch
- Primary bottom target: $1.15 — the level Egrag is watching as the main floor for the ongoing corrective move.
- Secondary support: $0.93 — a possible next downside if $1.15 fails to hold.
- Deeper downside scenarios: a floor near $0.73 if $0.93 breaks, and an extended bear case reaching the white trendline shown on the analyst’s chart around $0.42.
Bullish reversal roadmap
- If XRP establishes a bottom and reverses, Egrag expects an initial reclaim of $1.60 to mark the end of the corrective phase.
- A clean break above $2.05 would act as a confirmation signal for a broader expansion phase, potentially opening the way toward approximately $3.02 and higher.
Bottom line
Egrag Crypto’s call is a technical read of a recurring chart pattern, not a guarantee. While the 5D Bottoming Blueprint previously marked a decisive low and subsequent uptrend for XRP, the analyst cautions that the present cycle may not replicate the prior pattern’s timing or magnitude exactly. XRP still faces bearish pressure and volatility, and traders should weigh risk management accordingly.
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