The “wick or brick” could decide the next macro move

The price of XRP just dropped below $1.10 for the first time since late 2024, so will it get worse soon?

Cryptocurrency markets are in chaos again, with Bitcoin falling to $61,000 earlier this morning for the first time in four months. Although some replacements managed to weather the disaster initially, they joined the flight with greater losses.

Ripple’s XRP is no exception. The asset stood above $1.55 just a few weeks ago, however Subsequent rejection He drove it south hard. It fell to just under $1.10 today, marking its lowest price level since before the US presidential election in late 2024.

Despite the short-term pain, renowned analyst EGRAG CRYPTO outlined a more comprehensive perspective, suggesting that the real story may only be beginning.

What’s next for XRP?

The analyst noted that the cross-border token has approached a pivotal moment that could determine its next major move. Drawing parallels to early 2017, EGRAG highlighted a historical pattern where XRP briefly fell below key structural support, which they referred to as the “Bifrost Bridge,” before beginning a strong expansion movement.

EGRAG added that this bullish phase began with a sharp bearish wick, designed to flush out weak hands and reset the market situation.

“The big question: Will we get another massive liquidity wick…or will the price build a solid structure above support?” – Analyst he asked now.

They predicted that another deep fuse could “trigger weak hands, create maximum fear, quickly sweep up liquidity, and constitute the ultimate macroeconomic reset.” This is the so-called “wick” scenario, where a sudden and strong move down challenges the broader market situation.

Brick structure

An alternative in EGRAG analysis is a “brick” structure, where the native Ripple token consolidates above key support levels such as $1.00 and $1.10 and gradually builds a reliable base. This scenario would indicate a stronger build-up and confidence in the market, which could allow the uptrend to continue earlier without the need for the dramatic flow mentioned above.

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Despite the uncertainty, the analyst leans toward the first result:

“Personally… I still think the market wants one last emotional move before real expansion,” they concluded.