- XRP battles key resistance as bulls aim for $2.65 breakout.
- Egrag Crypto highlights $2.31 as crucial support for momentum.
- Traders watch $2.47–$2.55 zone for potential bullish confirmation.
XRP traders are closely monitoring market movements as the token continues its effort to turn resistance levels into lasting support. According to EGRAG CRYPTO, the current market setup suggests that bullish pressure is gradually building, setting the stage for a potential upward move.
The analyst stated that XRP is currently facing a supply zone between $2.38 and $2.47, an area where both buyers and sellers are engaged in a tense struggle. A confirmed breakout above this zone could push the token toward the next resistance range of $2.55 to $2.65.
EGRAG CRYPTO further noted that XRP recently broke out of a descending channel, signaling that the corrective phase may be ending. However, he cautioned that the $2.31 level remains vital for maintaining bullish structure and market confidence.
Additionally, the shared chart highlights demand zones between $2.10 and $2.31, where buying activity has repeatedly provided support. The short-term moving average has begun to turn upward, indicating that momentum may be shifting in favor of the bulls.
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Key Levels to Watch in the Current XRP Setup
One of the crucial levels highlighted by EGRAG CRYPTO is $2.31, which serves as immediate support. Maintaining this level is essential for XRP to preserve its bullish trend and prevent renewed selling pressure.
Meanwhile, the $2.47–$2.55 zone has emerged as a decisive resistance area. A successful close above this range could confirm a shift in market sentiment, potentially driving XRP toward $2.65, a level the analyst views as a key breakout target.
This consolidation phase may prepare XRP for a sustained move higher if resistance is flipped into support.
EGRAG emphasized that a daily or three-day close above $2.65 would confirm the next stage of bullish momentum. Each resistance level converted into support, he explained, strengthens the token’s overall market structure and enhances investor confidence.
As the market develops, attention remains fixed on how XRP performs near these critical levels. The price behavior around these zones will likely determine whether the current momentum continues or slows down in the coming sessions.
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