What to know:
- EGRAG Crypto said XRP remains trapped between strong support and resistance as traders await the decisive close of the two-week candle.
- Buyers defended support near $1.00 while sellers rejected rallies, leaving $1.20, $1.40, and $1.65 as critical resistance levels.
- The analyst warned that losing $1.05 increases downside risk, while reclaiming higher resistance could strengthen XRP’s longer-term bullish market structure.
Crypto analyst EGRAG Crypto has identified the upcoming two-week XRP candle close as a decisive event that could determine the cryptocurrency’s next major trend. According to the analyst, XRP remains trapped in a tightly compressed range, with buyers defending support while sellers hold firm at several key resistance levels.
According to EGRAG, the latest two-week chart shows neither side has secured lasting control. Instead, recent price action produced long rejection wicks on both sides, reflecting continued buying interest at lower levels and persistent selling pressure near resistance. Consequently, traders are closely watching the next candle close for confirmation of XRP’s next move.
The analyst explained that XRP recently climbed toward higher price levels before sellers rejected the advance. That move created a long upper wick, showing that resistance remains active around $1.20, $1.40, $1.65, and the broader blue macro resistance zone. Although buyers attempted to extend the rally, they failed to secure a convincing close above those levels.
However, bears were equally unsuccessful during the following decline. Selling pressure pushed XRP toward the lower end of its range, but buyers quickly returned and erased much of the loss before the candle closed. That long lower wick indicates that demand remains strong near $1.05, $1.00, and the lower trendline support.
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EGRAG outlines the technical levels traders should monitor
According to EGRAG, XRP is now trading inside a major two-week decision zone where compression continues to build. The chart shows price moving between rising support and descending resistance, creating a tightening structure that often precedes a significant breakout or breakdown.
The analyst identified $1.20 as the first level bulls must reclaim to regain momentum. Moreover, a sustained close above $1.40 would demonstrate improving strength by overcoming another important resistance barrier that has repeatedly rejected previous advances.
EGRAG Crypto also described $1.65 as the key macro breakout level. A confirmed close above that price would invalidate much of XRP’s recent bearish structure and strengthen the longer-term technical outlook.
Meanwhile, the analyst urged traders to remain cautious if XRP falls below $1.05. He added that a decline below $0.96 would signal increasing weakness and expose the asset to further downside pressure. Besides that, the $0.77 to $0.78 region aligns with the 200 Exponential Moving Average and long-term horizontal support, making it one of the chart’s strongest historical demand areas.
According to EGRAG Crypto, XRP is currently neither fully bullish nor bearish. Instead, the asset continues to consolidate as both buyers and sellers defend their respective positions ahead of the next two-week close.
Conclusion
The upcoming two-week candle close has become the primary focus for XRP traders as the asset remains confined within a critical technical range. Holding above key resistance could improve the bullish outlook, while losing nearby support may shift momentum back in favor of sellers.
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