XRP Bulls and Bears Battle for Control, Analyst States Key Resistance for Major Shift

XRP has shown significant resilience recently, with price action highlighting a key battle between bulls and bears.

According to analyst EGRAG CRYPTO (@egragcrypto), the cryptocurrency is currently testing critical support levels while facing strong resistance, suggesting an impending breakout or breakdown.

The ongoing struggle between buyers and sellers shows some market exhaustion, where repeated support and resistance levels testings indicate potential trend shifts.

XRP’s Resilience at Key Support Levels

Since its rise in December 2024, the price of XRP has repeatedly tested a critical support zone highlighted by the analyst in blue. The asset has tested this zone four to five times, and each time, buyers have stepped in to defend this level, preventing further declines.

This repeated defense is a bullish indicator, suggesting strong buy orders are present in this area. However, prolonged pressure on a support level can lead to exhaustion among buyers, making it increasingly vulnerable to a breakdown.

EGRAG CRYPTO notes that the rule of repeated knocks applies to both support and resistance levels. The more frequently a level is tested, the greater the likelihood of an eventual breakout or breakdown. While XRP has demonstrated resilience, market participants’ continued attacks on the Blue Zone could weaken its ability to hold.

Strategic Attacks and Market Noise

The analyst noted that market makers and large traders often employ a systematic approach to breaking strong support levels. By repeatedly testing these zones, they aim to exhaust bullish momentum, eventually forcing a move downward.

The same strategy is applied at resistance levels, where persistent attempts to manipulate prices can wear down sellers. This dynamic is evident in XRP’s price movements, as bears apply pressure at lower price levels.

From a broader perspective, the analyst considers the price range between $2.00 and $3.40 as market noise. This means that movements within this range do not necessarily indicate a strong directional trend. Instead, traders operate within this zone, executing short-term strategies while awaiting a decisive breakout or breakdown.

Despite the fluctuations, key resistance levels remain intact, particularly at $3.40, which continues to cap bullish advances. EGRAG CRYPTO suggests that a successful break above this level would mark a significant shift in momentum for XRP.

A potential bearish crossover of the 21-day EMA and 100-day MA could signal increased selling pressure. If XRP loses support, it may drop to $1.67. The asset is trading at $2.18, and for a bullish breakout, key resistance levels are $2.20, $2.30, $2.60, $2.83, and $3.10, with $3.40 being the most critical for a sustained rally.

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.

---

Follow us on X, Facebook, Telegram, and Google News