Egrag Crypto Sends Critical Warning to XRP Holders, Shares Key Price Zones
2025-07-13 08:56:19
Main Idea
Egrag Crypto warns XRP holders about key price zones and potential throwbacks, while highlighting the breakout above the Heavy Supply Zone and the potential for a bullish 'Valhalla Phase'.
Key Points
1. XRP broke out above the $2.08 support level and the yellow Range Resistance Zone, signaling a shift in price trajectory.
2. Egrag identifies the Heavy Supply Zone as a critical resistance area, cautioning that a 'throwback' (retest) may occur in the coming days.
3. The 'Valhalla Phase' is projected above the $3.30 level, representing a bullish price discovery phase for XRP.
4. XRP's move above $2.35 is seen as a key step in transitioning the medium-term trend from neutral to bullish.
5. At the time of the update, XRP was trading around $2.78, showing significant intraday gains.
Description
In a post on X, crypto analyst Egrag Crypto released a technical analysis update for XRP, noting that the asset had reached a crucial resistance level identified as the “Heavy Supply Zone.” The accompanying chart illustrates a breakout from a prolonged consolidation period within a well-defined range bordered by the “Range Support” and “Range Resistant” zones. This breakout occurred after XRP held firm above the $2.08 level, which Egrag had earlier marked as a significant support point. The brea...
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