GREEN

CRYPTO

<h3 id="in-brief">In Brief:</h3>
<ul>
 <li>EGRAG highlights XRP’s historically weak October returns but argues consolidation could resemble the base preceding its major rally in 2017.</li>
 <li>His chart compares recurring bottom formations across market cycles, placing XRP’s potential upside near $23 through a Fibonacci extension level.</li>
 <li>The $23 projection remains conditional, as EGRAG provides neither a deadline nor an exact price that would invalidate his analysis.</li>
</ul>
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Crypto analyst EGRAG CRYPTO projects a potential $23 <a href="https://36crypto.com/xrps-1-45-floor-holds-key-to-analysts-five-level-downside-scenario/" rel="noopener noreferrer nofollow">XRP target</a>, arguing that October weakness could fit a broader base-building pattern. In his recent analysis on X, EGRAG compared XRP’s monthly structure with the setup preceding its major 2017 expansion. 
<a href="https://x.com/egragcrypto/status/2105928507398209810" rel="noopener noreferrer nofollow">According to EGRAG</a>, his assessment combines October returns, consecutive positive monthly candles, and Fibonacci extensions, with eight negative Octobers across 13 observations representing 61.5%. Meanwhile, five positive Octobers account for 38.5%, whereas six of seven Octobers following positive Septembers ended lower, representing 85.7%. 
However, EGRAG compares XRP’s positive July, August, and September candles with an earlier recovery sequence preceding consolidation and the 2017 expansion. Consequently, a negative October would not automatically undermine his interpretation, provided consolidation remains compatible with the larger chart structure. 
Also Read: <a href="https://36crypto.com/xrp-sentiment-hits-lowest-level-since-august-despite-september-rally/" rel="noopener noreferrer nofollow">XRP Sentiment Hits Lowest Level Since August Despite September Rally</a> 
<h2 id="repeated-bottom-formations-shape-egrag-s-conditional-23-xrp-projection">Repeated Bottom Formations Shape EGRAG’s Conditional $23 XRP Projection</h2>
EGRAG’s monthly chart marks recurring troughs, including a double bottom around 2019–2020 and additional formations across subsequent market cycles. Blue annotations outline these patterns, while shaded Fibonacci grids compare extension levels across three stages of XRP’s price history. 
Additionally, a rising turquoise line carries an 111-month moving-average label, providing a long-term view. According to EGRAG, XRP reached the 2.236 Fibonacci extension in its first cycle but missed the second cycle’s $20 level, while the current target sits near $23. 
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 <blockquote class="twitter-tweet">
 <a href="https://x.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> – 2016 RHYMING WITH 2026? <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f3bc.png" alt="🎼">: 
 Forget emotions. LOOK AT THE STRUCTURE. 
 October history leans RED: <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f534.png" alt="🔴"> 8/13 Octobers RED – 61.5% <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f7e2.png" alt="🟢"> 5/13 GREEN – 38.5% And after a GREEN September? <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f534.png" alt="🔴"> 6/7 Octobers were RED – 85.7% 
 BUT HERE’S WHAT MAKES 2026 DIFFERENT. <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f447.png" alt="👇"><a href="https://x.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> just printed:… <a href="https://t.co/tKHyAPSUpJ" rel="noopener noreferrer nofollow">pic.twitter.com/tKHyAPSUpJ</a> 
 — EGRAG CRYPTO (@egragcrypto) <a href="https://x.com/egragcrypto/status/2105928507398209810?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 2, 2026</a> 
 </blockquote>
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<h2 id="why-the-23-target-remains-conditional">Why the $23 Target Remains Conditional</h2>
EGRAG’s Fibonacci analysis projects a potential $23 target, while his XRP chart outlines consolidation before a possible expansion beyond October 2026. EGRAG provides neither an exact invalidation price nor a deadline, leaving the scenario dependent on how <a href="https://36crypto.com/alert-xrp-records-over-70-growth-on-binance-for-key-metric-details/" rel="noopener noreferrer nofollow">XRP’s structure</a> develops. His analysis therefore treats October weakness as potentially compatible with consolidation, while presenting $23 as an eventual possibility without guarantees. 
Also Read: <a href="https://36crypto.com/sec-proposes-conditional-crypto-self-custody-route-for-investment-advisers/" rel="noopener noreferrer nofollow">SEC Proposes Conditional Crypto Self-Custody Route for Investment Advisers</a> 
The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/xrp-could-build-toward-23-despite-october-weakness-egrags-chart-suggests/">XRP Could Build Toward $23 Despite October Weakness, EGRAG’s Chart Suggests</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.

XRP Could Build Toward $23 Despite October Weakness, EGRAG’s Chart Suggests

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