What to know:
- XRP defended the $1.14 support zone and reached $1.1938.
- Crypto analyst EGRAG Crypto says a close above $1.1938 targets $1.26.
- Failure to hold resistance could trigger a retest of $1.14.
Crypto analyst EGRAG Crypto says XRP has successfully reached its first bullish target after defending a critical support area near $1.14. The latest move has drawn significant attention from traders because the asset now sits at a level that could determine its next major direction.
According to EGRAG Crypto, XRP recently followed a roadmap he shared with the market, with the analyst explaining that holding above the $1.14 battleground zone would likely result in a move toward $1.1938, while losing support around $1.09 could expose the asset to a deeper decline toward $1.05.
Price action ultimately favored the bullish scenario as buyers stepped in around the $1.14 area and prevented further downside pressure, allowing XRP to climb steadily and reach the analyst’s projected target at $1.1938. EGRAG highlighted the development as confirmation that key technical levels continue to guide market behavior.
The four-hour chart shows a strong recovery from recent lows, with XRP producing a notable upward move before encountering resistance near the targeted zone. Significantly, the rally unfolded almost exactly as outlined in the analyst’s earlier projection.
XRP Approaches Major Decision Point
According to EGRAG Crypto, the next phase depends on whether XRP can secure a clean four-hour close above $1.1938. Such a development would strengthen the current bullish structure and increase the likelihood of a move toward the next upside target at $1.2600. Moreover, a successful breakout would establish another higher high on the four-hour timeframe.
Also Read: Peter Brandt Sees Bitcoin Stuck in Downtrend Despite $127,500 Cycle Target
However, the analyst cautioned that the current resistance area remains important, warning that if XRP fails to maintain strength above $1.1938, the level could become a rejection zone and force price back toward the lower support structure around $1.14 before another advance attempt.
EGRAG’s updated outlook remains straightforward, with a hold above $1.1938 supporting bullish continuation toward $1.2600, while a rejection at resistance increases the possibility of a pullback toward $1.14, and a break below that support would shift attention back to $1.09 and potentially $1.05.
XRP has already achieved the first objective outlined by EGRAG Crypto, and as traders await confirmation above $1.1938, the battle between buyers and sellers at this level is expected to determine the asset’s next major move.
Also Read: Peter Brandt Sees Bitcoin Stuck in Downtrend Despite $127,500 Cycle Target
