Karla Barker 
XRP has fallen into a price range that analyst EGRAG says could become the first half of a double bottom. The token lost about 16% in October—its fourth-worst October in more than a decade—and now trades near $1.03, down roughly 33% from early October levels around $1.55. Attention is focused on the $1.00-$1.05 zone, which has been tested several times.
$1.00-$1.05 Becomes the Key Zone
EGRAG identifies the $1.00-$1.05 area on the daily chart as a support zone that overlaps with a Fair Value Gap. Such gaps appear when price moves quickly and leaves an imbalance behind, and markets often return to fill part or all of that gap. The analyst believes filling just 50% of the gap may be enough to help XRP reverse. CoinDesk Analytics also reported that XRP defended the range. Still, holding support does not mean a recovery has started—buyers must keep showing up.
Selling Pressure Looks Weaker
One detail EGRAG highlights is the shape of recent daily candles. Sellers remain in control, but candle bodies have become smaller, which can suggest seller exhaustion. When each push lower becomes less forceful, fewer traders may be willing to sell at lower prices, giving buyers a chance to regain some control—though it is not a guarantee. Whale buying has reportedly absorbed some supply that could have added to the drop, which may help stabilize the market, but it is not yet a clean signal.
The Double Bottom Needs Confirmation
The possible double bottom has three parts. The first bottom is forming near $1.00-$1.05. If that area holds, XRP could bounce toward $1.20-$1.25. The next step would be a pullback to the same support zone, where buyers would need to defend it again without a decisive breakdown. That would set up the second bottom and complete the main shape of the pattern.
Confirmation would then depend on a break above neckline resistance. EGRAG sets $1.385 as the first upside target after confirmation. A move beyond that level could bring $1.51 into view, and if buying momentum stays strong, the larger target is $2.00. For now, the setup remains a possibility—a second test of support alone is not enough. XRP needs a clear break above resistance to show that buyers have gained control.