Crypto analyst EGRAG CRYPTO (@egragcrypto) has provided a detailed technical analysis of XRP’s price movement within 12 hours. The latest chart suggests that bulls are attempting to secure a close above the apex of an ascending triangle, which coincides with a critical resistance zone that could determine the asset’s near-term direction.
The highlighted target is $2.75, which, if broken and sustained, would confirm further upside momentum. According to the analyst, this breakout could lead to a measured move toward $3.20.
#XRP – 12-Hour Time Frame (Update):
Bulls are battling to close above the apex of the Ascending Triangle!
I've highlighted that a crucial target is $2.75. Closing above this level will provide bullish confirmation to continue the upward trajectory, with a measured target of… pic.twitter.com/3yPiI81Dn5
— EGRAG CRYPTO (@egragcrypto) February 20, 2025
Key Levels and Potential Bullish Breakout
The chart outlines several key price levels that traders should monitor. The $2.75 resistance stands out as a pivotal zone, with subsequent targets at $2.83, $2.90, and $3.22. Another prominent analyst recently highlighted the $2.77 level as a crucial jump-off point for a surge to $3, and EGRAG CRYPTO’s $2.75 support prediction further solidifies the optimism in the community.
A sustained close above these levels could trigger a bullish continuation toward $3.40, all bullish targets for the asset. Support levels have also been marked, with $2.62, $2.47, and $2.21 has critical downside zones.
In the event of a rejection, XRP could retest these areas before making another attempt at a breakout. Deeper support can be found at $1.80 and $1.60, which align with previous accumulation zones.
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EGRAG CRYPTO also warns that traders should remain cautious of a potential bull trap. While XRP appears to be gaining momentum, a failure to sustain higher levels could lead to a sharp reversal.
This aligns with the analyst’s broader Elliott Wave projection, suggesting that a corrective move could emerge in mid-March as Wave 2 concludes. Notably, EGRAG CRYPTO recently called all movements below $3.4 noise, and investors don’t have to worry until they see the massive price rally start to materialize.
This price surge could kick off with Wave 3 of the Elliott Wave pattern which is often the largest price rally in the cycle. If the current structure holds, XRP could see a significant upside, potentially targeting its all-time high of $3.84.
XRP’s price action remains at a decisive juncture, and its movements over the next few weeks could determine its trajectory for the rest of 2025.
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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