In an update shared with followers, EGRAG noted that out of 13 recorded Octobers in XRP’s trading history, eight were distinctly bullish, often following major shakeouts. He compared this year’s setup to 2017, when XRP rebounded sharply after a similar liquidation-driven correction. “The entire crash was designed to wipe out XRP longs,” he wrote, adding that the cleanup of over-leveraged positions could pave the way for a new uptrend.
At press time, XRP trades near $2.48, recovering from a dramatic dip during yesterday’s liquidation cascade. EGRAG emphasized that the price now sits within his long-held retest range between $2.40 and $2.65, calling this consolidation “super normal” given the magnitude of last week’s volatility.
Chart data shared by the analyst highlights a recurring cycle of capitulation followed by relief rallies in October, a pattern visible since XRP’s early trading history. Based on this cyclical behavior, EGRAG suggests that XRP could see renewed momentum once market sentiment stabilizes.
While he cautioned against expecting an explosive move similar to 2017’s parabolic run, EGRAG expressed confidence that a gradual rebound is imminent. “History doesn’t repeat exactly, but it often rhymes,” he said, encouraging traders to remain patient and disciplined as the market digests one of the most aggressive liquidations of the year.