- XRP retests former resistance as analysts monitor confirmation signals closely
- Bullish hammer formation strengthens breakout continuation probability outlook
- $1.60–$1.40 support zone remains decisive for XRP structure validation
Crypto market analyst Egrag Crypto has released a new technical update highlighting a familiar XRP price structure that has historically preceded breakouts. In the analysis shared with traders, the expert explained that XRP’s positioning near long-term resistance mirrors prior continuation setups, while confirmation remains the deciding factor.
Breakout Structure Draws Market Attention
According to Egrag Crypto, XRP is forming a structure that often leads to a breakout once confirmation appears, with the analysis pointing to a classic resistance break, pullback, and renewed buyer activity. Notably, XRP moved above a long-standing resistance zone near $2.30, a level that had capped price action for years and increased the technical importance of the move.
Rather than extending higher immediately, XRP retraced toward the former resistance area, a behavior that often reflects the market testing whether previous sellers convert into buyers. Additionally, Egrag Crypto highlighted the emergence of a bullish hammer candle near the retest zone, a formation that often signals demand strength after sellers fail to push prices lower.
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However, confirmation remains essential before continuation becomes likely, as Egrag Crypto noted that higher-timeframe closes must show acceptance above resistance. Consequently, the analyst outlined probability-based outcomes instead of fixed expectations, with continuation higher, carrying a 60% to 65% probability if the breakout level holds.
Meanwhile, extended consolidation remains a viable scenario, holding a 25% to 30% probability if momentum slows without structural damage. Significantly, a deeper pullback remains the least likely path, with Egrag Crypto assigning a 10% to 15% probability if critical support gives way.
Key Levels That Could Shape What’s Next
Market attention has narrowed to the $1.60 to $1.40 zone as a defining support range, with Egrag Crypto noting that a loss on higher timeframes would invalidate the bullish structure. This zone previously acted as demand during XRP’s extended consolidation phase, and a breakdown below it would signal rejection rather than breakout confirmation.
Moreover, volume behavior during the pullback phase has gained importance among traders, as sustained buying interest would strengthen the case for continuation beyond $2.30. From a broader perspective, the structure reflects a potential shift from accumulation toward expansion, since extended consolidation phases often precede directional moves once resistance resolves.
Nevertheless, traders remain cautious as confirmation has not yet fully materialized, while risk management continues to guide positioning amid mixed momentum signals. The XRP structure now sits at a technical crossroads as price tests acceptance above resistance, with upcoming higher-timeframe candles expected to clarify whether a breakout develops.
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