XRP News Today: XRP Nears Record Close as $2 Support Holds for 4-Month Candle

Egrag Crypto has highlighted that XRP is poised to make history within 14 days, as the current four-month candle approaches a potential record close. This milestone could signal a major macro-level shift in the asset’s trajectory, according to the analyst. Egrag emphasizes that the $2 level has become a structural support, with consistent monthly closes above this threshold since late 2024 reinforcing its significance [1].

The current price of XRP stands at $3.11, with a market capitalization of approximately $185 billion. Recent trading activity has seen XRP reach the mid-$3 range, with resistance forming near $3.27. Traders are now watching closely to see whether the asset can maintain stability above $2 and push into the $3.20–$3.30 resistance zone ahead of the candle’s close [1]. If XRP holds these levels, it would validate Egrag’s bullish outlook and mark a significant development in the token’s chart structure.

Egrag’s analysis focuses on higher-timeframe strength rather than intraday volatility. The analyst suggests that a record close for the four-month candle would be a strong confirmation of bullish momentum, particularly if it is accompanied by sustained support at $2 on the monthly chart. This outcome would represent one of the most significant technical confirmations in XRP’s history [1].

With less than two weeks remaining, market participants are evaluating the likelihood of a successful close. Egrag notes that while the bulls have a credible chance of achieving this milestone, the final outcome will depend on how the charts perform in the coming days. A breakdown below $2 would challenge the bullish narrative and require a new build of momentum [1].

Egrag Crypto’s recent comments have generated increased attention within the crypto community. His analysis has been shared on social media platforms and crypto news channels, contributing to a broader sense of anticipation around XRP’s potential [3]. Investors are being advised to monitor key levels and prepare for possible price action, though Egrag cautions that these forecasts remain speculative and subject to market conditions [5].

The broader XRP narrative includes ongoing legal developments with U.S. regulators, but Egrag’s focus remains on technical indicators and price action. His bullish stance also extends to other cryptocurrencies such as Stellar (XLM), indicating a wider conviction in market conditions [7]. Nonetheless, all market predictions should be approached with caution, as outcomes depend on multiple variables that can shift rapidly [6].

At present, the momentum in XRP appears favorable, with both price and liquidity suggesting a potential for a record close. Whether this materializes remains to be seen, but the coming weeks will be critical in shaping the next chapter for the token.

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Source:

[1] Egrag Crypto Says 14 Days Until XRP Makes History. Here’s What Is Coming (https://timestabloid.com/egrag-crypto-says-14-days-until-xrp-makes-history-heres-what-is-coming/)

[3] Ripple (XRP) Archives (https://coinedition.com/tag/Ripple-xrp/page/13/)

[5] EGRAG CRYPTO on X (https://x.com/egragcrypto/status/1957150****19642068)

[6] Expert to XRP Holders: Be Ready for Big Rallies Ahead (https://timestabloid.com/expert-to-xrp-holders-be-ready-for-big-rallies-ahead-based-on-this-coinbase-statement/)

[7] Kosta Gushterov, Author at CryptoDnes EN (https://cryptodnes.bg/en/author/kosta-gushterov/)