Analysts are closely monitoring XRP movements as the price pattern may lead to a potential breakout in July.
Current XRP Situation
XRP is currently trading around $2.18, remaining in a tight price range. Analyst EGRAG CRYPTO emphasizes that the asset is under pressure but has growth potential under certain conditions.
Support and Resistance Levels
According to EGRAG, XRP has bounced between $1.9 and $2.1, which serves as critical support against further corrections. However, a drop below $1.43 could trigger sharp sell-offs. At a resistance level of $2.22, analysts note that breaking this level would be the first sign of trend reversal.
Forecasts and Potential Changes
Longer-term target levels are indicated by the analyst as $2.65, which is viewed as a zone of long-term strength. A breakout above this level may signal the start of a broader correction. EGRAG forecasts that late July 2025 will be a significant milestone, with a possible peak around July 21.
The current market situation of XRP highlights potential directions for its movement, with analysts interested in support levels and possible breakouts that may occur in the coming months.
