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The XRP market has entered a period of tight consolidation, with the price holding just under significant resistance levels.
A recent analysis from EGRAG CRYPTO (@egragcrypto), a popular market commentator and analyst on X, provided a detailed breakdown of the levels that traders should monitor closely.
The analyst attached a chart showing the digital asset fluctuating between intraday highs around $2.88 and lows around $2.80, reflecting both resilience and hesitation in the market.
Technical Thresholds Shaping Sentiment
EGRAG CRYPTO pointed out that the first important step for XRP is securing a daily close above $2.85. He also stressed that a close above $2.90 is critical for strengthening the bullish case. A sustained movement beyond these thresholds could reduce uncertainty and establish a clearer trajectory.
However, he also noted that repeated failures to close above $2.85 have created unease, a sign that momentum is not yet fully aligned in favor of buyers.
The analyst has previously highlighted this level, and the intraday chart reinforces this concern. Price action shows multiple attempts to push higher, each met with selling pressure that dragged the token back below short-term resistance.
This inconsistency suggests that while buyers are active, they are not yet overwhelming the supply in the market, and XRP may keep struggling below the $3 level, which it lost in late August.
The Significance of the $3.077 to $3.13 Range
The analyst further emphasized that the range between $3.077 and $3.13 serves as a crucial area of interest. A strong close above this zone, particularly if accompanied by high trading volume, could act as confirmation of a larger upward breakout.
Such a development would likely draw renewed attention from market participants and may encourage further buying momentum. Without that confirmation, however, the asset risks remaining locked in its current consolidation phase.
XRP is currently trading at $2.81, and its inability to hold above $2.85 consistently means that the $3.077 to $3.13 area still appears distant. Closing that gap will require a shift in both volume and market sentiment, and these factors have not yet aligned.
What’s Next for XRP?
XRP has recently shown some positive technical signals, and the immediate task is to secure stability above $2.85, a move that would signal improving strength.
From there, progression toward $2.90 and eventually the higher $3.077 to $3.13 band becomes more realistic. Until those levels are met, XRP’s path remains uncertain, marked by short bursts of upward activity followed by swift retracements.
Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analyst States Key Level XRP Must Surpass for Notable Rally
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The XRP market has entered a period of tight consolidation, with the price holding just under significant resistance levels.
A recent analysis from EGRAG CRYPTO (@egragcrypto), a popular market commentator and analyst on X, provided a detailed breakdown of the levels that traders should monitor closely.
The analyst attached a chart showing the digital asset fluctuating between intraday highs around $2.88 and lows around $2.80, reflecting both resilience and hesitation in the market.
Technical Thresholds Shaping Sentiment
EGRAG CRYPTO pointed out that the first important step for XRP is securing a daily close above $2.85. He also stressed that a close above $2.90 is critical for strengthening the bullish case. A sustained movement beyond these thresholds could reduce uncertainty and establish a clearer trajectory.
However, he also noted that repeated failures to close above $2.85 have created unease, a sign that momentum is not yet fully aligned in favor of buyers.
The analyst has previously highlighted this level, and the intraday chart reinforces this concern. Price action shows multiple attempts to push higher, each met with selling pressure that dragged the token back below short-term resistance.
This inconsistency suggests that while buyers are active, they are not yet overwhelming the supply in the market, and XRP may keep struggling below the $3 level, which it lost in late August.
The Significance of the $3.077 to $3.13 Range
The analyst further emphasized that the range between $3.077 and $3.13 serves as a crucial area of interest. A strong close above this zone, particularly if accompanied by high trading volume, could act as confirmation of a larger upward breakout.
Such a development would likely draw renewed attention from market participants and may encourage further buying momentum. Without that confirmation, however, the asset risks remaining locked in its current consolidation phase.
XRP is currently trading at $2.81, and its inability to hold above $2.85 consistently means that the $3.077 to $3.13 area still appears distant. Closing that gap will require a shift in both volume and market sentiment, and these factors have not yet aligned.
What’s Next for XRP?
XRP has recently shown some positive technical signals, and the immediate task is to secure stability above $2.85, a move that would signal improving strength.
From there, progression toward $2.90 and eventually the higher $3.077 to $3.13 band becomes more realistic. Until those levels are met, XRP’s path remains uncertain, marked by short bursts of upward activity followed by swift retracements.
Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*