Analyst Spots Critical XRP Range as Market Waits for Breakout
Main Idea
Analyst EGRAG CRYPTO identifies critical price levels for XRP, highlighting a narrow range with potential breakout points, and notes Bitcoin's influence on XRP's next major move.
Key Points
1. EGRAG CRYPTO identifies $3.30 as a bullish breakout level for XRP, with a 60% probability of the price ranging between $3.30 and $3.13.
2. A close above $3.30 would signal bullish momentum, while a close below $3.13 with high trading volume would confirm a bearish shift.
3. Bitcoin's price action is seen as a decisive factor for XRP's next move; if Bitcoin remains strong, XRP could break above $3.30, while a Bitcoin reversal could push XRP below $3.13.
4. The market is waiting for confirmation signals before committing to a directional trade, with the balance of buying and selling pressure reflecting uncertainty.
5. Some experts believe XRP could break away from Bitcoin's influence, but this view is not universally supported.
Description
EGRAG CRYPTO (@egragcrypto), a prominent market analyst on X, has provided his latest outlook on XRP’s short-term movement. His assessment comes as the token trades at $3.2148, marking a 0.67% gain over the past 24 hours. Despite the modest rise, EGRAG CRYPTO’s analysis suggests that XRP remains locked in a narrow price range with clearly defined breakout points. Key Price Levels and Probabilities According to EGRAG CRYPTO, a close above $3.30 would signal bullish momentum, while a close below $...
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