Crypto analyst EGRAG Crypto has shared a new technical analysis update on XRP’s 4-hour time frame, outlining key price levels and potential movements. The analysis highlights critical support and resistance areas, and possible price action scenarios based on recent market activity.
#XRP – 4 Hours TF Update:
We need to close above $2.35 to re-enter the Bull Channel for bullish momentum!
Avoid closing below $2.20 to minimize the risk of hitting lower targets.
The broken Ascending Triangle suggests a measured move around $2.00. We might test… pic.twitter.com/mbWVnYwpLi
— EGRAG CRYPTO (@egragcrypto) February 26, 2025
Key Takeaways from EGRAG Crypto’s Analysis
Reclaiming the Bull Channel ($2.35 Resistance) – According to EGRAG Crypto, XRP must close above $2.35 to regain bullish momentum and re-enter the bull channel.
This level represents a significant resistance zone and a successful breakout above it could signal a continuation of the upward trend. If XRP achieves a sustained close above this level, it may open the door to higher targets.
Critical Support at $2.20 – The $2.20 level is an essential support level that XRP needs to hold. A decisive close below this mark increases the risk of further downside, possibly leading to a retest of lower price levels. EGRAG Crypto warns that a break below this level could extend the correction and bring XRP closer to the $2.00 area.
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The Broken Ascending Triangle and Potential Retest of $2.00 – EGRAG Crypto notes that a previously formed ascending triangle has been broken, suggesting a measured move toward $2.00.
This means that XRP could potentially revisit this lower price range, though wicking and temporary dips may occur before any decisive movement. A bounce from this level could help stabilize price action before attempting a recovery.
Long-Term Outlook Remains Bullish – Despite the short-term volatility, EGRAG Crypto reiterates that the broader outlook for XRP remains positive, expectating of double-digit prices in the long run. While immediate price fluctuations may create uncertainty, the overall sentiment suggests optimism regarding XRP’s future trajectory.
Market Manipulation Concerns
An X user, CnchFitz, responded to EGRAG Crypto’s analysis, expressing skepticism about the reliability of technical analysis in the current crypto market environment. The user pointed out that market movements are often influenced by large institutional players, making traditional chart patterns less effective. They also emphasized the importance of regulatory clarity, real-world utility, and mass adoption as key factors in XRP’s future price action.
This perspective highlights a broader debate within the crypto community—whether technical analysis alone can accurately predict price movements in a market often subject to external influences.
While EGRAG Crypto’s chart-based approach provides a structured framework for short-term price expectations, some traders remain cautious due to market manipulation concerns.
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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