In the bustling realm of cryptocurrency, where fortunes rise and fall with the whims of market sentiment, the ever-optimistic analyst EGRAG CRYPTO has long been a steadfast advocate for XRP. Despite the beleaguered altcoin’s struggles amidst Ripple’s tête-à-tête with the Securities and Exchange Commission (SEC), EGRAG’s bullish fervor remains undiminished. However, as the market assumes a decidedly bearish temperament, the analyst has identified several critical thresholds that must be vigilantly observed. While he persists in forecasting new zeniths, EGRAG cautions that XRP must cling to its last bastion of defense or risk plummeting into a veritable bearish abyss.
XRP Price Must Not Descend Below $2.33
As the analysis meticulously elucidates, the XRP price continues to linger at respectable levels, hinting at a potential resurgence of bullish momentum. Yet, the deeper the descent, the more precarious the position of XRP becomes, teetering on the precipice of complete capitulation to the bears and risking an utter collapse.
Amidst the price’s capricious fluctuations, the $2.90 mark now serves as the midpoint of the Linear Log Channel. This renders it a pivotal level, and EGRAG suggests that the price’s ability to maintain a foothold above this threshold would indicate a robust bullish configuration for XRP.
In the event of a failure, the next substantial bulwark for XRP descends to the $2.65 level. The import of this level cannot be overstated, as the price must steadfastly hold it, even if it momentarily dips below. Closing beneath this threshold would signify that the altcoin is “in dire straits,” as EGRAG succinctly explains.
Further down lies what might arguably be the ultimate line of defense for bulls to orchestrate a reversal, situated at $2.33. This, being the 2-Week EMA, stands as the paramount level to maintain if the price is to ascend to new all-time highs. Otherwise, dominion falls unequivocally into the clutches of the bears, heralding a bearish trend.
Other significant levels that denote bearish control include the $1.90 mark, which EGRAG delineates as the “bear market line of defense.” A closure below this plunges XRP firmly into bear territory. Subsequently, $1.62 serves as the confirmation of a bearish trend as the price utterly forfeits support.
Why There Is Yet Cause for Optimism
Despite the prevailing sentiment leaning towards pessimism, the crypto analyst remains sanguine regarding the long-term trajectory of the XRP price. He observes that the White Arch delineated in the chart aligns harmoniously with the Blue Upper Boundary of the Linear Log Channel.
At the apex of this channel, the price comfortably resides above $20. The pivotal maneuver required here is for the XRP price to close above $3.65, propelling the altcoin into the realm of price discovery. Should this transpire, then the analyst proclaims, “That’s the denouement,” anticipating an astronomical ascent in the price.
Read More
- USD PHP PREDICTION
- ETH PREDICTION. ETH cryptocurrency
- NEXO PREDICTION. NEXO cryptocurrency
- INR RUB PREDICTION
- USD KZT PREDICTION
- AAVE PREDICTION. AAVE cryptocurrency
- Zelenskyy’s Not-So-Simple Suit Sparks $79M Betting Bedlam—Who Wore It Best?
- LTC PREDICTION. LTC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Bitcoin’s Secret Society: Traders, Cruisers, and Hodlers in a World of Greed 🤑
2025-08-22 10:18