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XRP, the cryptocurrency known for its resilience, has recently been the subject of a fierce battle between bulls and bears, with analysts predicting a significant shift in its price trajectory. According to EGRAG CRYPTO, a prominent analyst in the crypto space, XRP is currently testing critical support levels while facing strong resistance, suggesting an impending breakout or breakdown.
The ongoing struggle between buyers and sellers has shown signs of market exhaustion, as repeated support and resistance level testings indicate potential trend shifts. Since its rise in December 2024, XRP's price has repeatedly tested a critical support zone highlighted by the analyst. The asset has tested this zone four to five times, with buyers stepping in each time to defend the level, preventing further declines. This repeated defense is a bullish indicator, suggesting strong buy orders are present in this area. However, prolonged pressure on a support level can lead to exhaustion among buyers, making it increasingly vulnerable to a breakdown.
EGRAG CRYPTO notes that the rule of repeated knocks applies to both support and resistance levels. The more frequently a level is tested, the greater the likelihood of an eventual breakout or breakdown. While XRP has demonstrated resilience, market participants' continued attacks on the Blue Zone could weaken its ability to hold. The analyst also notes that market makers and large traders often employ a systematic approach to breaking strong support levels by repeatedly testing these zones, aiming to exhaust bullish momentum and force a move downward. The same strategy is applied at resistance levels, where persistent attempts to manipulate prices can wear down sellers.
From a broader perspective, the analyst considers the price range between $2.00 and $3.40 as market noise, meaning that movements within this range do not necessarily indicate a strong directional trend. Instead, traders operate within this zone, executing short-term strategies while awaiting a decisive breakout or breakdown. Despite the fluctuations, key resistance levels remain intact, particularly at $3.40, which continues to cap bullish advances. EGRAG CRYPTO suggests that a successful break above this level would mark a significant shift in momentum for XRP.
A potential bearish crossover of the 21-day EMA and 100-day MA could signal increased selling pressure. If XRP loses support, it may drop to $1.67. The asset is currently trading at $2.18, and for a bullish breakout

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