XRP Hovers Near 44-Month EMA at $1.12 After $136B Market Cap Loss, Analyst Maps Three Scenarios

XRP is trading near its 44-month exponential moving average around $1.12 after erasing $136 billion in market value since its July 2025 peak, with analyst EGRAG Crypto outlining three potential price paths. A monthly close below $1.12 would break current structure and could drive XRP into the $0.65 to $0.85 zone, described as a potential capitulation area. If XRP holds above the 44-month EMA, the token could rebound toward $2.20, the upper boundary of its multiyear ascending channel, which EGRAG views as a relief target and possible bull trap. For confirmed bullish continuation, XRP must gain acceptance above $2.20 to $2.30, opening a path toward $3.65; EGRAG characterizes the short-term outlook as neutral to bearish but the long-term picture as strong, and notes this analysis is for informational purposes only and does not constitute financial advice.