The analyst says that it is appropriate for the price of XRP when this first happens on the 3-day candles
The price of XRP was showing a complex pattern of Integration and reversion Weeks passed. However, according to the prominent market analyst of Egrag Crypto, there is a critical signal to watch that can determine whether the cryptocurrency’s bullish narrative remains ineffective or not. Expert analysis, shared on X Media Media, revealed that the performance of XRP 3 day candles It may soon decide the direction of its next big move.
XRP Price Integrity Inteity hinges on a three-day candle close to $2
In his post on X, egrag crypto explains XRP’s “quantifiable split”, points to a significant technical structure in the form of Descending triangle That, based on its structure, points to a possible move to $2.14. The accompanying chart shows XRP hovering between $2.40 and $2.60, with multiple renewals of similar price levels over the past few months. Despite the short wick to the bottom, egrag crypto suggests that the structure is continuing Show integration within range.
Related reading
The analyst reiterates that $2.65 remains an important target for XRP. If a cryptocurrency breaks and is more cautious about it, it predicts that it will happen Again get more momentumThere may be a way to get a renewed sense of sharpness. However, failure to hold current levels of around $2.5 is possible Create XRP for deep miningespecially if the 3-day candles start to close below the $2.00 to $1.91 Range.
Egrag Crypto warns that this behavior of the candle is concerning, because it can indicate a systematic deterioration of the XRP market cycle. It could also rehabilitate the bullish thesis, suggesting that a recent high near $3.65 is possible Clizcle top.
In addition, the analyst chart shows the price action of XRP over the 200 exponential moving average (EMA)serving as a long-term level of support. If XRP has maintained its position above this moving average, egrag crypto proves that the setup of the cryptocurrency He indicated that the next 60 to 90 days are expected to be difficult, since the reaction of XRP in the areas mentioned above can define the trajectory of the whole year.
XRP faces a 57% chance of breaking in a new athy
In a different analysis, egrag crypto we are introduced The 57% to 43% laugh model, shares its broad view on XRP’s potential price upside in the short term. He stated that there is a 57% chance that XRP may break a whole new era in the coming months. He also sees a 43% chance that the cryptocurrency could depreciate significantly, giving traders another opportunity to accumulate at a price below $1.
Related reading
While the near-term price prospects for XRP are rising to a more bullish effect, Bearish case it always seems to be given to lingering macroeconomic uncertainty and crypto market dynamics. Egrag Crypto says it is putting itself in a sharp position, aligning expectations with a 57% chance of a major price breakout.
Featured image from istock, chart from artIngview.com
