In a recent post, analyst Egrag Crypto reaffirmed the intact bullish structure of XRP, highlighting key levels that need to be cleared for future growth.
Current Price Action of XRP
As per the latest data, XRP is trading around $2.94, with intraday fluctuations between $2.91 and $3.05. Despite recent attempts at bullish momentum, XRP has yet to confirm a close above $3.12, rendering the situation critical.
Macro and Micro Analysis of XRP
Egrag's analysis indicates that XRP continues to form a macro bullish pattern, possibly a symmetrical triangle or rising wedge. A close above the $3.12-$3.20 range is required to confirm that the low has been established.
The Future of XRP: What to Expect?
The upcoming daily closes are crucial. A confirmed close above $3.12 would suggest the market is ready to advance. Traders should keep a close watch on the $2.65 level as it serves as a key marker.
According to the latest analysis, XRP's structure holds steady, but confirmation of key levels is essential for future upward movements.
