XRP News Today: XRP Holds Bullish Structure Despite 0.21% Dip

Despite recent volatility and a slight price dip, leading market analyst EGRAG Crypto has maintained that XRP's bullish structure remains intact. This assertion comes as XRP stabilizes near the top of its recent range, exhibiting signs of bullish pressure as volatility narrows. The cryptocurrency closed the session at $2.1151, marking a marginal decline of 0.21%. However, the price has not breached its structural support zone, indicating underlying strength.

The analyst's bullish stance is supported by the cryptocurrency's ability to maintain its position within a higher range, suggesting that the recent volatility has not significantly impacted its overall trajectory. This stability is further bolstered by strong volume-backed support, which has helped to mitigate the effects of price fluctuations.

EGRAG Crypto's analysis highlights a large symmetrical triangle that continues to hold strong, reinforcing his belief that the asset is undergoing a healthy consolidation rather than a breakdown. This pattern has been developing for several months and typically indicates a pause in the market before a decisive breakout. In XRP’s case, the triangle follows a sharp rally earlier this year, suggesting that a breakout to the upside could be the more probable outcome.

Importantly, XRP continues to respect the triangle’s lower trendline and remains above key moving averages, including the 21-day and 50-day exponential moving averages. These levels are acting as dynamic support, preventing the price from collapsing further. EGRAG emphasizes that as long as XRP holds the $1.70 support level, the bullish structure remains valid.

Despite broader market uncertainty, XRP’s current consolidation is viewed as a sign of strength. Rather than reacting to short-term volatility, the asset appears to be building a strong base. The overall sentiment, especially among XRP’s long-term supporters, remains optimistic that this phase will lead to another significant leg up.

Crypto market conditions have been subdued in recent weeks, with macroeconomic concerns and regulatory overhangs tempering enthusiasm. Still, XRP has managed to stay within its bullish formation, showing resilience and consistency.

EGRAG’s triangle pattern appears to converge in the coming weeks, indicating that a major move may be imminent before the end of Q2 2025. Breakouts from such patterns are typically accompanied by increased volume and momentum, often propelling the asset toward new highs if the bullish thesis plays out.

In EGRAG’s broader outlook, long-term price channels suggest that a successful breakout could see XRP retest the $3.00 region, with even higher targets possible depending on market conditions and adoption trends.