- Egrag Crypto identifies fresh XRP targets as price rebounds strongly.
- Analyst highlights $2.65 resistance as key to XRP breakout.
- XRP ETF talks and Ripple’s legal win boost investor confidence.
XRP drew market attention after a strong rebound lifted its value to $2.46, encouraging crypto analyst Egrag Crypto to reveal a new short-term price target. According to his recent analysis, the digital asset’s successful move above a key resistance zone indicates growing strength among bullish traders.
The token has flipped the $2.42 resistance into support, signaling renewed momentum after last week’s steep correction. Egrag Crypto explained that based on the measured move from XRP’s descending channel, the next target sits around $2.57. The gradual recovery, he added, reflects a sustained effort by buyers to re-establish control in the ongoing market battle.
$2.65 Resistance Seen as Crucial for Next Bullish Phase
In his analysis, Egrag Crypto identified the $2.55 to $2.65 range as a critical resistance zone that could determine XRP’s next price direction. He emphasized that a confirmed three-day close above $2.65 would validate a bullish breakout and potentially signal the beginning of the next upward phase.
Such a move could pave the way for XRP to challenge its previous cycle highs.
On the other hand, the $2.31 level remains a key support area that must hold to preserve bullish momentum. A break below this level could invite renewed selling pressure and weaken the current positive structure.
Also Read: Stellar Lumens (XLM) Sparks Hope as Bulls Eye Breakout After Sharp Decline
XRP ETF Speculation Adds Fuel to Market Optimism
Beyond the technical setup, XRP continues to benefit from growing anticipation around a potential spot XRP exchange-traded fund (ETF).
Reports indicate that CoinShares is targeting a Nasdaq listing for an XRP ETF designed to track index-based exposure. Such progress is viewed as a major step toward broader institutional participation in XRP’s ecosystem.
If approved, it could further enhance liquidity and price stability for the digital asset, reinforcing the bullish narrative that analysts like Egrag Crypto have highlighted.
Ripple’s Legal Clarity Supports Long-Term Sentiment
Despite periods of volatility, XRP has managed to retain a broadly positive outlook through 2025. The favorable court outcome between Ripple and the U.S. Securities and Exchange Commission remains a turning point for market confidence.
Combined with ongoing ETF developments, this legal clarity has positioned XRP as one of the more resilient large-cap cryptocurrencies in the current market cycle.
Also Read: HMRC Intensifies Crackdown on Unpaid Crypto Taxes as Warning Letters Surge
