XRP Analyst Claims Chart Manipulation Set Ripple Baseline at $1.40

XRP falls 18% in a week as analyst EGRAG CRYPTO dismisses key stock data and sets $1.40 as new chart baseline amid market uncertainty.

XRP is trading at $2.43 at the time of writing, down 7% in the past 24 hours and 18% in the past week, according to CoinGecko.

A crypto analyst has raised concerns about price inconsistencies on exchanges and announced a shift in how XRP charts will be interpreted in the future.

Analyst rejects stock market data and chooses new price source

Crypto analyst EGRAG CRYPTO says price data for XRP on the major platforms is distorted. They noticed visible differences between exchanges like Binance, Bitstamp, Poloniex and Coinbase, especially during recent volatile moves.

#XRP – Graph and data distortion ⁉️‼️:

The post below was created to find the best chart you can use for a long-term view #XRP from now on. So far we have seen distortions in the data and I want to keep things clear without too many conflicting numbers.

From now on I will only… pic.twitter.com/XCIPvwcrQ3

— EGRAG CRYPTO (@egragcrypto) October 14, 2025

To avoid conflicting signals, the analyst stated that they will now only rely on the ‘Crypto Data Set’, which averages the prices of the top exchanges. They said this provides a more stable and consistent view of the price of XRP. According to their latest post, $1.40 will serve as its new baseline for long-term analysis.

“Based on the recent market manipulation, the low for XRP was $1.40, and that will be my baseline going forward.”

ERGAG also said that it will not include card data from the aforementioned platforms until further notice.

Key chart levels and breakdown explained

The analyst too discussed a technical arrangement with a descending triangle. Based on that structure, they said XRP should have fallen to $2.14, but the price is currently between $2.40 and $2.60.

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ERGAG explained that $2.65 remains an important level to break. If XRP fails to hold above $2.00, they said they would reconsider their bullish view.

“I will be genuinely concerned about the integrity of this cycle if we start closing 3-day candles below $2.00 and $1.91.”

Futures market shows cooling interest

Open interest for XRP futures fell to $4.15 billion, a sharp drop from $9 billion earlier this month. This decline reflects the recent price decline and suggests that many traders have exited or reduced their positions.

It is striking that the graph shows that the open interest and the price have moved in sync. When XRP fell below $2.50, open interest also fell, indicating that the positions were likely closed or liquidated. This indicates reduced short-term speculative activity.