Top Trader Maps XRP Dip to $1.80, Then $5 Rally
- XRP shows signs of a bullish breakout, with key resistance levels identified by analyst Egrag.
- A close above $2.70 could signal a major upward move, potentially pushing XRP toward $5.
- XRP must maintain support at $2.00 and $1.63 to avoid further downside risk.
XRP is showing signs of a potential bullish breakout despite current volatility. In a post on X, trader/analyst Egrag identified key resistance levels that could accelerate XRP toward $5 if the cryptocurrency holds above critical support levels.
Key Resistance Levels to Watch
According to the analyst, XRP is in a consolidation phase, with several key resistance levels to monitor. A close above $2.24 (near the 21-day EMA) would be the first sign of renewed strength.
Beyond that, the $2.30 level (Fibonacci 0.382 retracement) presents the next hurdle. Clearing this could open the path towards $2.47 (Fibonacci 0.5 level).
Related: What’s Going On With XRP? Court Oddity, Coinbase Futures Filing, Supply Dump Mix
The Ultimate Breakout Level & Target
The most crucial resistance, according to Egrag, is $2.70, where a key trend line intersects the Fibonacci 0.618 retracement. A decisive move abov…
The post Top Trader Maps XRP Dip to $1.80, Then $5 Rally appeared first on Coin Edition.
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Top Trader Maps XRP Dip to $1.80, Then $5 Rally
- XRP shows signs of a bullish breakout, with key resistance levels identified by analyst Egrag.
- A close above $2.70 could signal a major upward move, potentially pushing XRP toward $5.
- XRP must maintain support at $2.00 and $1.63 to avoid further downside risk.
XRP is showing signs of a potential bullish breakout despite current volatility. In a post on X, trader/analyst Egrag identified key resistance levels that could accelerate XRP toward $5 if the cryptocurrency holds above critical support levels.
Key Resistance Levels to Watch
According to the analyst, XRP is in a consolidation phase, with several key resistance levels to monitor. A close above $2.24 (near the 21-day EMA) would be the first sign of renewed strength.
Beyond that, the $2.30 level (Fibonacci 0.382 retracement) presents the next hurdle. Clearing this could open the path towards $2.47 (Fibonacci 0.5 level).
Related: What’s Going On With XRP? Court Oddity, Coinbase Futures Filing, Supply Dump Mix
The Ultimate Breakout Level & Target
The most crucial resistance, according to Egrag, is $2.70, where a key trend line intersects the Fibonacci 0.618 retracement. A decisive move abov…
The post Top Trader Maps XRP Dip to $1.80, Then $5 Rally appeared first on Coin Edition.
Read More