Analyst to XRP Holders: Stay Steady and Strong. This Formation Will Send Us Back to New ATH
Main Idea
An analyst advises XRP holders to remain patient as the cryptocurrency's bullish structure remains intact, with key price levels determining its future trajectory.
Key Points
1. XRP's macro bullish structure is intact, but a daily close above $3.12 is needed to confirm the recent low and avoid a pullback to $2.65.
2. Holding $2.65 as support could reignite momentum toward a new all-time high (ATH), while breaking below it on the mid-time frame (MTF) could invalidate the bullish setup.
3. XRP is currently trading around $2.94, with intraday movement between $2.91 and $3.05, but has yet to confirm a daily close above $3.12.
4. A breakout above $3.12–$3.20 could push XRP toward $3.60–$3.65 and potentially new ATH territory.
5. The next few daily closes are critical for determining XRP's short-term price direction.
Description
In a recent post on X, respected crypto chartist Egrag Crypto reaffirmed that XRP’s macro bullish structure remains firmly intact , with clearly defined upside targets. However, the next key step lies in micro confirmation: XRP needs a daily close above $3.12 to signal that the recent low is firmly in place. Until that happens, a pullback to $2.65 is still on the table. Egrag emphasized that holding $2.65 as support within the current rigid formation could reignite momentum toward a new all-time...
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