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XRP had a hard time gaining momentum, with its price taken in a downward trend since early March. Although XRP has managed to push In the last five days after reaching a hollow of $ 1.93 on March 11, he has not yet completely recover your losses in the first week of the month.
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Altcoin’s long -term perspectives are Always on bruise speculationBut its short -term price action has frustrated merchants in search of signs of an escape. In the middle of this stagnation, the Crypto Egrag Crypto analyst described specific price levels which could determine if XRP finally reverses its course.
The analyst identifies $ 2.65 as the key level before XRP can challenge $ 3.00
Egrag Crypto, a longtime bullish defender from XRP, recently brought to the social media platform X Describe key price levels This could determine the next significant decision of cryptocurrency. He identified $ 2.65 as the first critical threshold that the medal must recover to support a significant bullish momentum. However, the analyst expressed his concern concerning the repeated XRP tests of lower limits, which refers to the recent bottom at $ 1.93.
According to the analyst, frequent reteestes of this level of support are a double -edged sword. While several resistance keys can possibly trigger a break, repeated support tests weaken its integrity, increasing the probability of a break. He compared this model to knock on a door that would eventually open or break. He highlighted six XRP instances Read this area Since December 2024 on a 12 -hour candle table, warning that prolonged weakness could open the way to a new drawback.
In order for the crypto to escape this cycle and transforms into Haussier territory, Egrag stressed the importance of firmness greater than $ 3.00, not just a brief exceeding. This level has served as a higher resistance trend line in the past two weeks and has been an obstacle to any sustained increase trend. Failure to break and maintain above $ 3.00 could cause continuous short-term correction and maintain XRP trapped in its current beach.
However, the analyst estimates that XRP’s chances of reaching $ 3.00, taking into account the current price action, are thin without obtaining a fence greater than $ 2.65.
Picture From X: Egrag Crypto
What is the next step for XRP after $ 3?
March was particularly lower for XRP, the sellers keeping control because he failed to recover the lost ground. However, if the XRP bulls manage to close above $ 3 before the end of the month, this will open the door to the resumption of a price rally. In this spirit, Egrag set an initial objective of $ 4.80, placing XRP at new peaks of all time.
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Interestingly, this objective is modest compared to the analyst’s more ambitious long -term projections. Segrag previously predicted This XRP could increase to $ 110 in the long term. When writing the editorial’s time, XRP is negotiated at $ 2.37 and is still 26.5% reaching $ 3.
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