Analysts continue to monitor XRP's price movements, focusing on important levels that could influence the asset's trajectory.
Current Situation Analysis of XRP
According to analyst EGRAG CRYPTO, the current market picture for XRP remains uncertain. He presented a chart highlighting several critical levels that the asset must navigate to change its trajectory. The chart notes a recurring price pattern that has persisted for several months. The asset is within a descending wedge and actively tests a major support zone where bulls and bears are battling.
Breakout Levels for Further Growth
The first key breakout level is set at $2.22, which EGRAG describes as signaling 'a potential move higher'. Movement above this line could indicate the start of a bullish reversal. Additionally, the $2.35 level is marked as a critical confirmation zone necessary to demonstrate strength and build momentum.
Macro Targets for XRP
In the broader technical picture, $2.65 is indicated as a macro breakout level. The analyst emphasizes that reclaiming this level would be decisive for the local trend and open up possibilities for further growth. The current situation suggests XRP is compressing between downward sloping resistance lines and the horizontal support zone, aligning with classic wedge patterns.
The current price of XRP stands at $2.18, and analysts point to late July 2025 as a potential inflection point, necessitating careful market observation.
