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XRP at a Crossroads: Key Levels Could Define the Next Big Move

2025/05/10 19:15

XRP at a Crossroads: Key Levels Could Define the Next Big Move

output: is approaching a critical technical moment as it hovers near major resistance levels, with analysts pointing to a pivotal price range that could determine whether bulls or bears take control in the coming weeks.

Crypto strategist EGRAG CRYPTO shared an in-depth chart analysis on Twitter, highlighting that XRP is currently battling with a macro descending trendline. According to his post, XRP must close above the $2.41-$2.45 zone to fibs to chart strength and invalidate a bearish trajectory.

"Still battling with MACRO TRENDLINE (implied strength with all the cleansers). Needs to close above $2.41-$2.45 to fibs to chart strength and CANCEL BEAR. Otherwise, still deeper to get to BEARISH COMPLETION."

The chart shows two possible paths: one bearish, leading XRP down toward the $1.20-$1.40 range (symbolized with a fishing hook and blue fish emoji), and one bullish, targeting a breakout to $3.10, and potentially up to $3.39, a key Fibonacci extension.

EGRAG was quick to caution followers that even a dip to deeper levels would be “just MACRO noise,” not a change in the underlying trend. He emphasized that short-term volatility shouldn’t distract from the long-term bullish structure, suggesting that only a close above $2.96 would truly signal the end of the bearish narrative.

At the time of the tweet, XRP was trading around $2.38, just below the resistance zone. The outcome at this level could set the tone for the next major move, with traders closely watching for a decisive break or rejection.

The post Key Levels Could Decide the Next Big Move for XRP as It Faces Critical Technical Moment appeared first on .

原文来源:coindoo

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