XRP News Today: XRP Breaks $2.35 Resistance, Signals Bullish Momentum

Crypto analyst Egrag Crypto recently issued a critical warning to XRP holders, highlighting the asset's recent breakout from a prolonged consolidation period. The breakout occurred after XRP held firm above the $2.08 level, which Egrag had earlier identified as a significant support point. This move signals a shift in price structure, suggesting increasing bullish momentum after several months of horizontal movement.

The accompanying chart illustrates key zones that have defined XRP’s price trajectory over recent months. These include the Heavy Demand Zone between $1.60 and $2.08, the Range Support Zone slightly above this region, and the now-breached yellow Range Resistance Zone around $2.35. The breakout from this resistance level indicates a potential for continued upward movement, but Egrag cautions that a "throwback"—a retest of previous resistance to confirm it as support—remains a possibility in the coming days.

According to the analyst, the primary focus going forward will be identifying where new support levels will form. Egrag emphasized that “the higher the support, the better,” underscoring the importance of maintaining newly gained price levels above previous resistance. This would indicate market strength and potential for continued upward movement.

The most optimistic scenario described by Egrag is a continued surge beyond the green “Heavy Supply Zone,” culminating in what he termed the “Valhalla Phase.” This zone lies above the $3.30 level, a price range not seen since XRP’s major peaks. If price action continues beyond this resistance area, it could indicate entry into a longer-term bullish phase for the asset. The use of the term “Valhalla Phase” represents a culmination of bullish sentiment, where the price breaks free from supply constraints and moves into price discovery.

However, Egrag was careful to note that the journey into this phase is contingent upon current levels holding and further confirmation through price behavior early next week. At the time of the update, XRP was trading around $2.78, having posted significant intraday gains. The move took price above the long-standing resistance line that had kept XRP below key levels since the beginning of 2025. The move above the $2.35 zone is considered an important step in shifting the medium-term trend from neutral to bullish.

The next few trading sessions will be pivotal in determining whether this upward move can be sustained, with a close watch on support levels and potential for a retest. Egrag's analysis underscores the importance of caution and vigilance for XRP holders, as the asset navigates through these critical price zones. The analyst's insights provide a roadmap for potential price movements, highlighting both the opportunities and risks associated with the current market conditions.