2024

Brick

CRYPTO

Crypto markets are in shambles again, with bitcoin dipping to $61,000 earlier this morning for the first time in four months. Although some alts managed to withstand the calamity at first, they have joined the ride with even more profound losses.
Ripple’s XRP is no exception. The asset stood above $1.55 just a few weeks ago, but the <a href="https://cryptopotato.com/why-was-ripple-xrp-rejected-at-1-50-again/" rel="noopener noreferrer nofollow">subsequent rejection</a> drove it south hard. It plunged to just under $1.10 today, which marked its lowest price position since before the US presidential elections in late 2024.
Despite the short-term pain, popular analyst EGRAG CRYPTO outlined a more macro perspective, suggesting that the real story may just be beginning.
<h2 id="what-s-next-for-xrp">What’s Next for XRP?</h2>
The analyst noted that the cross-border token has approached a pivotal moment that could define its next major cycle move. By drawing parallels to early 2017, EGRAG highlighted a historical pattern where XRP briefly slumped below key structural support, which they referred to as the “Bifrost Bridge,” before it initiated a powerful expansion move.
That bull phase began with a sharp downside wick, designed to flush out weak hands and reset market positioning, EGRAG added.
<blockquote>
 “The big question: Will we get another massive liquidity wick… or will price build a solid brick structure above support?” – The analyst <a href="https://x.com/egragcrypto/status/2062778611602489813" rel="noopener noreferrer nofollow">asked</a> now.
</blockquote>
They predicted that another deep wick could “shake out weak hands, create maximum fear, sweep liquidity fast, and form the final macro reset.” This would be the so-called “wick” scenario, in which a sudden yet aggressive move lower challenges the broader market’s positioning.
<h2 id="the-brick-structure">The Brick Structure</h2>
The alternative in EGRAG’s analysis is the “brick” structure, where Ripple’s native token consolidates above key support levels such as $1.00 and $1.10 and gradually builds a reliable base. This scenario would signal stronger accumulation and market confidence, potentially allowing for an earlier upside continuation without the need for the aforementioned dramatic flush.
Despite the uncertainty, the analyst leans toward the first outcome:
<blockquote>
 “Personally…I still think the market wants one final emotional move before the real expansion,” they concluded.
</blockquote>
The post <a href="https://cryptopotato.com/xrp-at-a-crossroads-wick-or-brick-could-decide-the-next-macro-move/" rel="noopener noreferrer nofollow">XRP at a Crossroads: ‘Wick or Brick’ Could Decide the Next Macro Move</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

XRP at a Crossroads: ‘Wick or Brick’ Could Decide the Next Macro Move

Table of Contents

CryptoPotato_News

Other articles published on Jun 5, 2026

Join our free newsletter for daily crypto updates!