XRP price, according to the analyst, must consolidate above this level to start a bullish trend.

Crypto analyst Egrag, known for his optimistic forecasts on XRP, recently shared on social network X key price levels, which, in his opinion, will determine the further movement of the coin. He named $2.

65 as the first critical level needed to maintain the upward momentum. At the same time, the analyst expressed concern about the frequent tests of #XRP lower boundaries, implying the recent fall to $BTC According to Egrag, frequent retests of this support level is a two-pronged stick. While repeated touches of resistance may eventually lead to a breakout, repeated tests of support reduce its strength, increasing the probability of a breakout. He compared this situation to knocking on a door that will sooner or later open or break down. He noted six instances of XRP retesting this area since December 2024 on the 12-hour chart, warning that continued weakness could open the door to further declines. To get the #cryptocurrency out of this cycle and into bullish territory, Egrag emphasized the importance of a solid close above $3.00, not just a short-term break above that level. This level has served as the upper resistance line for the past two weeks and is a barrier to a sustained uptrend. Failure to overcome and hold above $3.00 may lead to the continuation of the correction in the short term and keep XRP in the current range. analyst, however, believes that the chances of XRP reaching $3.00, given the current price dynamics, are small without a close above $BTC What awaits XRP after $3? March was particularly unfavorable for XRP, sellers held control until the coin managed to regain lost ground. However, if XRP bulls manage to close above $3 before the end of the month, it will open the door for a renewed price rally. With that in mind, Egrag has set an initial target of $4.80, which would allow XRP to reach new all-time highs. Related Reading XRP $15 breakout? Not so fantastic - analysis Read us at: Compass Investments #transscreen.ru #BlockchainFuture #TrendingTopic