XRP's 3-Day Chart Shows Bullish Momentum Above $2.2321

XRP, a prominent cryptocurrency, has garnered significant attention from analysts and traders, particularly in the context of its 3-day time frame. A well-known analyst in the XRP community, EGRAG CRYPTO, recently shared a detailed technical analysis highlighting the importance of the current price range. The analysis focuses on the interaction between the exponential moving average (EMA) and the 0.888 Fibonacci level, which is currently at $2.2321.

At the time of the analysis, XRP was trading at $2.2760, showing a strong increase. The price was positioned between the EMA and the 0.888 Fibonacci level. EGRAG CRYPTO suggests that closing above this Fibonacci level on the 3-day chart would be a bullish confirmation. Additionally, a close above the EMA would reinforce positive momentum and indicate a potential continuation of the cryptocurrency’s upward trend.

The analyst also noted that XRP has tapped into the equilibrium level, which could act as a decision point for future price movement. However, there is a question of whether the price will retrace further to fill the remaining Fair Value Gap at $1.54. If the asset moves downward to this level, it could present a major buying opportunity before another rally.

EGRAG CRYPTO’s analysis aligns with other recent projections regarding the digital asset’s long-term price movements. The analyst has predicted a massive surge in the coming months, forecasting that it could reach $27, indicating strong bullish sentiment within the crypto community. Another analysis discusses an XRP cycle analysis predicting that the asset could hit $33 by May 2025. If this projection materializes, current price levels may represent an early stage in the asset’s broader uptrend.

The chart highlights several Fibonacci retracement levels that traders should monitor. The 0.786 level at $1.5706 and the 0.702 level at $1.1758 could become strong support if XRP drops further. However, EGRAG CRYPTO has continually expressed confidence that a big leap is coming. This bullish stance suggests that maintaining the price above the 0.888 Fib. level is key to sustaining upward momentum.

Despite the bullish outlook, XRP still faces resistance around $2.50. To sustain its upward momentum, the cryptocurrency needs to break through this level and maintain strength above $2.75. If successful, this could pave the way for a bullish continuation toward $3.00. The long-term moving averages also suggest that a break above $2.50 could trigger a massive rally, with some analysts estimating a minimum rally of around 40%.

In summary, the 3-day time frame for XRP is critical, with a close above the EMA and Fibonacci 0.888 level being seen as a very bullish indicator. While there are challenges ahead, the potential for a significant rally remains high, making XRP a cryptocurrency to watch closely in the coming days. The current price action and on-chain activity continue to show a sustained recovery, which could be a key signal on the way to new heights for the cryptocurrency.