XRP News Today: XRP Holds Above $2.90 Amid Bullish Outlook and Key Resistance at $3.65

XRP’s price remains in a bullish structure as long as it stays above the $2.90 threshold, according to analyst EGRAG. Recent price action saw XRP dip to $2.85 before partially recovering, reinforcing the importance of this level as a midpoint in its long-term logarithmic regression channel [1]. A sustained drop below $2.90 could invite bearish pressure, while a breakout above it would maintain the current bullish momentum [2].

EGRAG has identified $3.65 as a pivotal level for XRP. He suggests that a close above this price, which marks the “green arch” on the chart, could trigger a major price discovery phase he refers to as “Valhalla.” This scenario would potentially push XRP into uncharted price territory, with analysts noting a path toward the “white arch” and beyond [2]. Such a move would represent a significant inflection point for the asset, particularly if it aligns with broader market conditions.

On the downside, EGRAG outlines a series of critical support levels that must hold to prevent a bearish turn. The first of these is $2.65, a level he describes as a “strong line of defense.” While brief price dips into this zone may be manageable, a daily close below it would indicate weakening momentum [1]. Further down, the $2.33 level acts as the “last line of defense,” aligned with the 21 EMA on the 2-week chart. A breakdown beneath this level would significantly reduce the likelihood of new all-time highs and could signal the beginning of a bearish cycle [1].

The bearish scenario extends to $1.90, which EGRAG labels the “bear market line.” A daily close below this level would mark the official entry into bear territory. If XRP continues lower, the $1.62 level could further confirm the bearish trend, with EGRAG estimating a potential rebuy level near $0.8 [1].

Looking ahead, EGRAG notes that XRP’s long-term trajectory appears constructive so long as key resistance and support levels remain intact. He has previously highlighted potential peak prices between $20 and $27, with the 2025 cycle potentially mirroring historical cycles from 2013 and 2018 [2]. If XRP breaks above $3.65 and maintains strength, it could position itself for another major price surge.

The current market remains highly watchful, with analysts emphasizing that XRP’s ability to hold above $2.90 is a key indicator of its near-term direction. A sustained breakout above $3.65 would open the door to exponential growth, while a drop below $2.33 could initiate a prolonged bearish phase [3].

Sources:

[1] EGRAG analysis, https://coinedition.com/xrp-remains-bullish-above-2-90-targets-3-65-valhalla-breakout-analyst/

[2] The Tradable, https://thetradable.com/crypto/xrp-price-prediction-teeters-on-edge-will-365-spark-valhalla-discovery-or-290-crumble-under-pressure-ig--a

[3] CryptoDnes.bg, https://cryptodnes.bg/en/analizi/xrp-price-cycle-points-to-3-65-breakout-ahead-of-2025-bull-run/