EGRAG Crypto's technical analysis on XRP's 4-hour frame highlights key price levels including support and resistance zones.
Reclaiming the Bull Channel for XRP
According to EGRAG Crypto, XRP needs to close above $2.35 to regain bullish momentum and re-enter the bull channel. This level is a significant resistance zone, and a successful breakout could indicate a continuation of the upward trend.
Critical Support at $2.20
The $2.20 level is a crucial support area for XRP. A decisive close below this mark increases the risk of further downside, possibly leading to a retest of lower price levels.
Potential Drop to $2.00
EGRAG Crypto notes that a previously formed ascending triangle has been broken, suggesting a move toward $2.00. This means XRP might revisit this zone, helping stabilize price action before attempting a recovery.
Despite short-term volatility, the outlook for XRP remains optimistic. The overall trend still supports long-term upward movement.
