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XRP Price Update: Analyst Highlights Key Resistance and Bullish Targets

XRP continues to face price pressures, but recent activity suggests growing interest from market watchers. Over the past week, the asset has advanced by 7.16%, reaching $3.01 after recovering from an early September price dip to $2.70. 

While Ethereum and some other altcoins have not joined this rebound, XRP has managed to sustain its upward momentum, drawing attention from analysts who are now outlining key resistance levels that could define the next phase of its performance.

The Levels That Matter Most

Market strategist EGRAG Crypto has identified the price thresholds XRP must overcome before bullish momentum can firmly return. In his assessment, the $2.94 region marks the first significant test. A daily close above this point is considered the initial confirmation of renewed strength.

XRP already achieved this requirement on September 8, closing at $2.9694, its highest closing value so far this month and the strongest finish since late August. However, one condition remains unmet, surpassing the 33-day simple moving average (SMA). 

This moving average, which stood at $2.9962 at the time, blocked XRP from breaking through the $3 threshold. As of now, the 33-day SMA has adjusted slightly to $2.9853, while XRP trades around $2.9616.

According to EGRAG, closing above this SMA would not only confirm resilience but also signal the completion of what he termed a “throwback”, a corrective phase that pulled prices down to $2.70 earlier this month. If this plays out as expected, that price level could end up being the recent low.

Beyond the 33-Day SMA

EGRAG also highlighted further milestones that would strengthen the bullish case. After reclaiming the 33-day SMA, XRP would need to rise above the 55-day SMA, which currently sits at $3.066. Crossing this threshold would provide additional evidence that buyers are regaining dominance.

The analyst then identified $3.40 as the critical resistance level that could fully shift momentum in favor of the bulls. He labeled this range as the decisive confirmation zone, noting that it coincides with XRP’s January 2025 peak before the token entered a prolonged consolidation phase. A move above $3.40, according to his projection, could set the stage for a rally toward $4.20.

Diverging Views and Risks

While EGRAG emphasized caution, warning that weakness between $2.94 and $3 could lead to a continuation of the correction, other analysts are more optimistic. Market commentator Gordon argued that XRP’s extended consolidation provides a strong base for a significant breakout. He projected that, once momentum builds, the token could advance toward $6.

Overall, XRP’s ability to close decisively above $2.94 and break through the 33-day and 55-day SMAs will be crucial in determining whether the market can transition out of correction territory. The coming days will reveal whether the asset can secure these levels and confirm a broader bullish reversal.

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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Zaccheaus Ogunjobi
Zaccheaus Ogunjobi
I am a passionate and experienced writer with a strong focus on cryptocurrency and the financial landscape. With a keen eye for market trends and emerging financial technologies, I strive to deliver insightful, well-researched content that educates and informs. Whether breaking down complex financial concepts or analyzing the latest market movements, my goal is to make finance accessible and engaging for a wide audience.
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