Analyst: XRP Target Achieved After Breaking This Formation
Main Idea
Analyst EGRAG CRYPTO reports that XRP has reached a key technical target after breaking a formation, with critical price levels to watch for maintaining bullish momentum.
Key Points
1. XRP broke down from an ascending triangle pattern after peaking at $3.65, entering a target zone between $2.83 and $2.9.
2. Closing above $2.8 is crucial for a 'super bullish position,' while $2.65 remains a key support level.
3. Whale sell-offs have made $2.65 a critical level to monitor if current support is lost.
4. EGRAG CRYPTO advises against panic, stating that XRP's bearish run may be short-lived and normal market fluctuations.
5. The next resistance level is around $3.03, with closing above it likely to restore upward momentum.
Description
Following a notable price consolidation and breakdown from a triangular formation, XRP has now reached a major technical target. According to crypto analyst EGRAG CRYPTO (@egragcrypto), the asset’s price behavior over the coming days could define whether bullish momentum remains intact. XRP Is Trading Within an Expected Range His recent analysis , accompanied by a detailed chart, outlines the key support and resistance levels to monitor, emphasizing that despite the recent downturn , XRP remains...
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