XRP News Today: XRP Holds Key $2.80 Level Amid Bullish and Bearish Technical Outlooks

Cryptocurrency analyst Egrag Crypto has advised XRP investors to avoid making fear-driven decisions as long as the price remains above $2.80, a critical level that signals a “super bullish” market condition [1]. In an X post, the analyst emphasized that closures above this level indicate continued strength in XRP’s price structure, while a close near $2.65 would maintain a strong technical formation. A potential drop to $2.34, representing a 30% retracement, remains a key level to monitor [1].

Egrag Crypto also provided a long-term outlook, suggesting that XRP has less than five months to close its current candle and questioning whether a market top is already in place. The analyst projected two potential price targets based on measured move analysis: $4.89 on a non-log scale and $48.90 on a log scale, with an average target of at least $27. At the time of writing, XRP traded near $2.97, showing a slight increase in the last 24 hours [1].

Conversely, another analyst, Ali Martinez, warned of a potential steeper correction, noting that the Market Value to Realized Value (MVRV) ratio for XRP flashed a death cross. This suggests that a decline to the $2 psychological level could occur [1]. On-chain data further supports this, with accumulation patterns indicating $2.80 as a temporary buffer, and real support likely emerging below $2.48 [1].

The broader cryptocurrency market remains volatile, with some assets experiencing sharp corrections. For instance, the SUI token recently dropped over 20% following a token unlock, raising concerns about liquidity outflows and bearish divergence [4]. While XRP has not experienced similar volatility, such movements in other assets may affect investor sentiment during uncertain periods.

The analyst’s warnings are primarily technical in nature, cautioning against panic selling during short-term fluctuations. This aligns with a disciplined investment approach focused on key price levels rather than market sentiment [1]. Investors are encouraged to remain patient and avoid overreacting to immediate price swings, as the analyst believes a parabolic rally remains on the horizon.

Outside the crypto space, broader financial news includes Cornerstone Funds maintaining a 21% distribution rate for 2026, a decision that reflects stability in traditional investment structures [5]. Meanwhile, the European Central Bank reiterated its stance that physical currency will remain relevant alongside digital alternatives, signaling continued institutional support for cash [6].

For XRP holders, the focus remains on the $2.80 level as a key support. The ability to maintain this level without breaking into bearish territory will be crucial in determining the next phase of XRP’s price action. As the analyst reiterated, the message is clear: avoid fear-driven decisions and continue to monitor technical indicators [1].

Source:

[1] "Analyst Warns XRP Investors Not To Let Fear Dictate..." (https://www.newsbtc.com/analysis/xrp/xrp-investors-receive-warning/)

[2] "Mantle Price Forecast: MNT's 20% surge reclaims key..." (https://www.mitrade.com/insights/news/live-news/article-3-1010418-20250804)

[3] "Crypto Fear & Greed Index | Bitcoin Sentiment" (https://www.binance.com/en/square/fear-and-greed-index/)

[4] "SUI Crashes Over 20% After Token Unlock – Will the Bulls..." (https://www.binance.com/en/square/post/278151****7217)

[5] "Cornerstone Funds Announce Continuing Monthly..." (https://www.barchart.com/story/news/33857648/cornerstone-funds-announce-continuing-monthly-distributions-for-2025-and-distribution-percentage-for-2026)

[6] "BTCUSD - ECB: Cash is 'here to stay' even as digital euro..." (https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96553669/ecb-cash-is-here-to-stay-even-as-digital-euro)