XRP Price Breaks Descending Channel With A $2.40 Target — Here’s The Roadmap
2025-07-03 00:04:49
Main Idea
The article discusses XRP's price potential, with analysts predicting a breakout above $2.40 and higher targets, while emphasizing the need to hold key support levels to maintain bullish momentum.
Key Points
1. Ripple CEO announces a decision regarding XRP, with analysts predicting a price target of $2.40 and higher levels like $2.55, $2.71, and $2.88.
2. Egrag Crypto highlights a 'W' pattern suggesting new all-time highs (ATH) for XRP, with potential targets at $15, $22, and $40.
3. CasiTrades notes that XRP must hold above $2.16 to stay bullish, with $2.25 as a critical support level to confirm upward momentum.
4. Failure to hold $2.16 could lead to a drop to $1.90, while flipping $2.25 to support could set XRP for further gains.
5. At the time of writing, XRP is trading at around $2.19, down slightly in the last 24 hours.
Description
Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $2.40 soon. He made this prediction based on the altcoin’s breakout above a descending channel and revealed what needs to happen next for it to reach this $2.40 target. XRP Price Eyes $2.40 With Breakout Above Descending Channel In an X post , Egrag Crypto stated that the XRP price has broken above the descending channel at $2.2. He further remarked that the altcoin now needs to break another descending channe...
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