What to know:
- EGRAG CRYPTO identified $1.14 as XRP’s most important support level.
- XRP recovered from $1.10 and formed a series of higher lows.
- The analyst warned that losing $1.14 could trigger a retest.
Crypto analyst EGRAG CRYPTO has identified $1.14 as the most important level for XRP’s short-term outlook, arguing that the asset remains positioned for a move toward $1.25. In a recent market update, the analyst stated that XRP is building momentum for a second upward push after reaching $1.1860, while continued support above $1.14 keeps the bullish structure intact.
XRP Builds Momentum for Another Push Higher
According to EGRAG, XRP has entered a consolidation phase after completing an initial recovery from the $1.10 region. The analyst believes this pause represents a period of accumulation rather than weakness, with the market preparing for another attempt at higher resistance levels.
Chart data shared by EGRAG shows XRP forming a series of higher lows following its rebound from recent lows. Consequently, buyers have maintained control of the short-term structure, allowing the asset to remain above a key support zone between $1.14 and $1.16.
Moreover, XRP continues trading above a moving average that previously acted as resistance during the broader decline. That development suggests improving momentum and strengthens expectations for a continuation of the current recovery trend.
According to the analyst, the first major target remains the $1.19 area. XRP recently approached that level before encountering resistance and entering a brief consolidation period. However, EGRAG maintains that the broader structure remains constructive while support levels continue holding.
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The analyst’s chart also identifies the $1.2585 region as the next significant upside objective. Notably, this level aligns with a previous supply zone where sellers regained control earlier this month. A breakout above nearby resistance could therefore strengthen the case for a move toward the $1.25 target highlighted in the latest analysis.
XRP Faces Crucial Test at $1.14 Support
While EGRAG remains optimistic about XRP’s near-term outlook, he emphasized that the bullish setup depends on buyers defending the $1.14 support level. According to the analyst, maintaining that level keeps the current market structure intact and supports the possibility of another rally.
On the other hand, a decisive move below $1.14 could alter the short-term picture. EGRAG warned that losing this support zone would open the door for a deeper retracement toward $1.10, an area that previously attracted strong buying activity.
XRP continues to trade above the analyst’s key support line. As a result, traders remain focused on whether the asset can sustain its higher-low structure and generate enough momentum for another advance.
In conclusion, EGRAG’s latest market update places $1.14 at the center of XRP’s short-term outlook. Holding that level keeps the path toward $1.19 and eventually $1.25 open, while a breakdown could trigger a return to lower support zones before the next major move develops.
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