XRP Needs to Close Above $3.00 for Bullish Continuation, Says EGRAG CRYPTO
3min read Crypto analyst EGRAG CRYPTO has shared an optimistic outlook on XRP’s price movement, emphasizing the need for a decisive breakout above key resistance levels. In a recent tweet, EGRAG CRYPTO stated, “XRP – No More Tapping Down,” suggesting it must move beyond its repeated tests of lower support levels and establish a stronger upward trajectory. He highlighted the $3.00 price point as a crucial milestone, asserting, “#XRP needs to close above $3.00 for bullish continuation.” This statement underlines the significance of this resistance level as a gateway to further gains. If XRP manages to break and sustain a price above this mark, it could signal a bullish trend.
EGRAG CRYPTO also pointed out the repeated testing of support levels, remarking, “We can’t keep tapping the lower boundaries anymore! The more times we knock on that door, the greater the chance it will open.” This comment reflects a common technical analysis principle: when a support level is repeatedly tested without breaking lower, it strengthens the likelihood of an upward breakout. Another critical price target mentioned in the tweet is $2.65. He stated, “It’s time for #XRP to start trending upward! $2.65 is the first critical closure.” This suggests that XRP must first secure a close above $2.65 before it can build momentum toward the $3.00 mark. The $2.65 level, therefore, serves as a short-term resistance that traders and investors are closely watching.
The chart shared by EGRAG CRYPTO illustrates XRP’s price movements, highlighting key technical zones. The blue area represents a range where XRP consolidates, while the yellow trendlines indicate long-term resistance levels. Notably, the chart projects a possible upward move, reaching as high as $4.80 if resistance levels are breached successfully. EGRAG CRYPTO concluded the tweet with, “#XRPFamily Together We Rise.” This statement resonates with the XRP community, which remains engaged in discussions about XRP’s price potential and broader market dynamics. The overall sentiment in the post suggests that if XRP manages to close above the identified resistance levels, the market could see further bullish momentum in the coming weeks.
As the cryptocurrency market remains volatile, traders will monitor XRP’s performance closely. The next few trading sessions will determine whether the asset can build enough momentum to close above these critical resistance levels and sustain an upward trend. If XRP closes above $2.65 and then $3.00, it could confirm a bullish continuation, increasing optimism among investors and traders. The current market conditions are also influencing XRP's price movements. If XRP maintains support levels and sustains buying pressure, a breakout above $2.57 could lead to further gains, reinforcing the bullish case. Conversely, if XRP fails to close above key resistance levels, such as $2.63, it could signal a continuation of the downward trend. This level is seen as a critical threshold to determine whether XRP can escape its current stagnation.
Despite these challenges, many analysts remain optimistic about XRP's long-term prospects. EGRAG Crypto, a renowned cryptocurrency analyst, has updated his long-term price model, which now follows a historical pattern known as "Cycle A." This adjustment suggests that XRP's price could continue to rise into late 2025, with the cycle potentially peaking in September 2025. EGRAG previously speculated that XRP could reach up to $27 at the peak of the cycle, offering an extended period for potential gains. However, XRP also faces short-term challenges. Unless XRP remains supported above $2.20, it could drop back to lower levels, as low as $1.60. The token's price has been weighed down by XRP SEC updates and overall market uncertainty, and most investors are holding in the uncertainty. Technical analysis also shows the potential for further declines, with some analysts predicting a potential crash to $1.50 due to the formation of a "Head and Shoulders" pattern on the daily chart.
Whale activity in the XRP market has also been increasing, with one whale recently acquiring 167 million XRP tokens at a cost of approximately $368 million. Such huge trades signal a ballooning optimism regarding the long-term prospects of XRP, especially with Ripple continuing to attract institutional investors' interest. With increasing institutions like Ripple Bank of America still strengthening cooperation, Ripple is certainly going towards a dominant position in worldwide payments. Looking forward, XRP is at a crossroads. While the road ahead is fraught with volatility, both short-term risks and long-term opportunities are shaping its future. With key developments in the ongoing Ripple lawsuit, the digital asset remains one to watch. Analysts are keenly observing support and resistance levels as indicators of whether XRP will break out or face another downturn. EGRAG Crypto's long-term outlook remains positive, particularly as Ripple price USD could see a significant upside. As the XRP price prediction plays out, the coming months will be pivotal in determining whether XRP can achieve the expected surge or whether broader market conditions and ongoing litigation hinder progress. Nonetheless, XRP is positioned to play a crucial role in the future of the cryptocurrency market.
