On April 24, 2025, analyst EGRAG CRYPTO shared an updated technical analysis of XRP's price against Tether (USDT), highlighting important levels and potential market directions.
Channel Structure and Its Significance
The primary visual feature of the chart is the wide blue parallel channel that encapsulates XRP's price action since November 2024. This channel serves as both a roadmap and a framework within which EGRAG believes XRP must maintain its trajectory to preserve bullish momentum.
Conditions for Structural Integrity
At the core of EGRAG's commentary are three critical conditions. First, the price must not close below the 21-day exponential moving average (EMA). This EMA is depicted on the chart as a yellow curve and has served as a dynamic support line throughout XRP's movement inside the channel. Second, the price must remain above the $2.10 mark. Lastly, EGRAG stresses that XRP must not close below the $1.95 level, identified as a final support line.
Key Support Levels and Targets
The chart also marks previous key price actions, including a filled 'Fair Value Gap' indicated with a green arrow. EGRAG identifies multiple price targets within the channel: $2.15, $2.35, $2.50, and $2.65, each marked with a white label indicating sequential resistance points.
EGRAG CRYPTO's post provides a well-defined technical structure for XRP within a rising channel, emphasizing specific price levels essential for sustaining bullish momentum.
