XRP News Today: XRP Bounces Between $2.91 and $3.05 Awaits $3.12 Breakout for Bullish Push to $3.60

XRP holders are being encouraged to remain steadfast as prominent crypto chartist Egrag Crypto highlights a well-defined bullish structure with clear upside potential. In a recent post on X, Egrag reiterated that XRP’s macro-level chart remains intact, emphasizing that a daily close above $3.12 is necessary to confirm the recent low and validate the broader bullish pattern. Until this level is decisively breached, a pullback to $2.65 remains a viable scenario [1].

Currently, XRP trades around $2.94, with intraday fluctuations between $2.91 and $3.05. Despite recent upward attempts, the asset has yet to close above $3.12, leaving the market at a pivotal moment. Egrag stressed that maintaining $2.65 as support is crucial for preserving the bullish momentum. A mid-time frame (MTF) break below this level, he warned, would significantly undermine the current formation and potentially lead to a deeper correction [1].

According to Egrag’s analysis, XRP has been forming a symmetrical triangle or a rising wedge over the past several months. The upper breakout range is estimated between $3.12 and $3.20. A confirmed close above this level would suggest the recent dip was a higher low, potentially setting the stage for another upward move toward the $3.60–$3.65 range and possibly even a new all-time high [1]. However, if the price fails to close above $3.12, the bullish thesis remains unconfirmed, and the risk of a retest of $2.65 increases.

Egrag’s outlook hinges on key technical levels. A successful breakout above $3.12 would likely trigger renewed buying interest and could see XRP revisit its July local high of $3.55. Conversely, a failure to close above this level leaves the door open for further consolidation or a deeper pullback [1].

In his message to the XRP community, Egrag urged holders to remain patient and confident: “XRPFamily, stay steady and strong. Together we rise, and soon we shall fly so high.” This call to action reflects the importance of staying committed through short-term volatility, as the larger structure remains aligned with significant upside potential [1].

Traders and investors are advised to closely monitor the $3.12 and $2.65 levels for signs of confirmation. The market’s next move will depend heavily on price action, underscoring the importance of technical validation in the unpredictable crypto space.

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[1] https://timestabloid.com/analyst-to-xrp-holders-stay-steady-and-strong-this-formation-will-send-us-back-to-new-ath/