Analyst Says Anything Below This XRP Price Is Merely Noise

EGRAG CRYPTO, a well-known analyst, recently shared a four-hour chart analysis of XRP, highlighting key resistance and support levels. According to the analyst, the market is at a crucial stage, focusing on closing above $2.75 to confirm bullish momentum.

If this level is breached, the next target will be $2.94, a local high that could further strengthen the uptrend. According to the analysis, anything below $3.40 is considered “noise,” reinforcing the importance of surpassing these resistance levels.

Resistance and Support Levels

The most immediate resistance is $2.75, which must be cleared for XRP to continue its upward trajectory. A strong close above this level would indicate bullish strength, increasing the likelihood of reaching the next target at $2.94.

XRP is currently trading at $2.69, after a remarkable 24-hour increase of 10.79%. The asset briefly surpassed the $2.75 level, hitting a 7-hour peak of $2.78 before a slight decline. Notably, a recent bid skew on Coinbase hinted at XRP reaching the $2.94 target, and this is the closest the asset has come since that event

If the asset can rebuild that momentum and close above $2.75, it would confirm this breakout. Beyond this level, $3.22 and $3.40 are major resistance points, with $3.40 as the highest immediate resistance.

Breaking past it could open the door for a more substantial rally. The digital asset recently hit a multi-year peak of $3.39 and could stage another push toward that level if it maintains the bullish momentum.

On the downside, the market has several key support levels that could act as safety nets in a pullback. Price levels around $2.21 and $2.00 offer near-term support, while lower levels at $1.80, $1.74, and $1.60 provide a more significant foundation.

A drop below these levels would indicate a deeper correction, but the bullish structure will remain intact if XRP remains above them.

How High Can XRP Climb In This Cycle?

While EGRAG CRYPTO did not provide specifics about XRP’s trajectory after breaching $3.40, other analysts have projected price targets in the double and triple-digit ranges for the asset in the current cycle.

Dark Defender, another well-respected crypto analyst, recently predicted that the digital asset could climb as high as $18.22. While this target seems lofty, others have set even higher targets, with one pundit recently predicting that a $100 XRP price will happen 100%.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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