Skip to main content

XRP Price Completes Bearish Retest As Macro Signals Point To $2.65

Crypto analyst Egrag Crypto has revealed that the XRP price has completed its bearish retest, following the recent decline below the $2 level. The altcoin is now eyeing a bullish reversal, and the analyst has predicted that it could rally to as high as $2.65. 

XRP Price Eyes $2.65 Following Completion of Bearish Retest

In an X post, Egrag Crypto stated that the key breakout zones are the narrow range between $2.30 and $2.33 and the macro signaling level at $2.65. This came as the analyst indicated that the XRP price has completed its retest of the $1.90 and $2 range, which he had earlier predicted. 

Commenting on the current XRP price action, Egrag Crypto stated that the next move depends on whether the altcoin breaks above $2.08. If not, he warned that XRP could again retest the lows around $1.9. On the other hand, if it closes above $2.08 within the first 12 hours, along with daily and higher timeframes candles closure, then it would signal that “bulls are stepping in aggressively.” 

XRP

A successful close above this level could trigger a rally to these breakout zones at the narrow range between $2.30 and $2.33 and the macro signaling level at $2.65. Egrag Crypto indicated $2.65 was the level that could pave the way for a massive surge to a new high. His accompanying chart showed that $3.4 is a level of interest for the XRP price if it reclaims $2.65. 

This Is The Final Shakeout For XRP

In an X post, crypto analyst CasiTrades provided a bullish outlook for the XRP price, declaring that this recent decline is not a failure but the final shakeout. She remarked that XRP is delivering the price action she has been looking for. This includes the bullish divergence, which formed following the altcoin’s decline to the $1.90 level. 

CasiTrades drew attention to the Bitcoin price action, which she said has built her confidence in the XRP price bullish setup. She claimed that BTC is showing the same structure as the altcoin. Over the past week, the flagship crypto approached its major .236 retracement near $97,000. BTC came shy of this level, bounced back, and now looks ready for that final sweep to support. 

The analyst affirmed that there will be a heavy confluence if BTC tags that level while XRP hits $1.90. CasiTrades mentioned that both assets are showing this same “almost hit, bounce, final drop” behavior and that it is no coincidence. She claimed that the markets do this all the time when looking for fuel to launch a reversal. If the XRP price holds $1.90 and BTC reacts at $97,000, she declared that it is the kind of stacked signal the market has waited weeks for. 

At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap.

XRP

from Bitcoinist.com https://ift.tt/uvo9q1S
Labels:

Comments

Post a Comment

Popular posts from this blog

Ethereum On Exchanges Crashes To Historic Low Amid Market Volatility, A Bullish Signal For Price?

Ethereum saw a bounce back above the $3,000 price market , with bullish sentiment gaining momentum among investors, especially those on centralized exchanges. Even with the market experiencing sideways movements, the overall supply of ETH on crypto exchanges has fallen sharply, hitting unprecedented levels. Lowest Supply Of Ethereum On Exchanges Recent signals from on-chain metrics indicate that the Ethereum market environment is undergoing a quiet yet significant transformation. This unfolding trend is due to the sharp drop in the supply of ETH available on cryptocurrency exchanges. Related Reading: Ethereum Network Fatigue? Monthly On-Chain Transactions Drops As Activity Slows Down As reported by Coin Bureau on the social media platform X, ETH supply on centralized exchanges has hit levels not seen in years. With more holders choosing long-term storage, staking, and self-custody over keeping their assets available for trade, this significant supply drain indicates a change in i...
Post a Comment
Read more

Coinbase Adds Wormhole To Spot Trading As Solana Infrastructure Tokens Gain Visibility

Coinbase listings still matter, even in a market that likes to pretend every token is already globally accessible. The exchange ’s decision to add Wormhole puts another major infrastructure name in front of a much broader pool of traders. That matters because Wormhole is not just another speculative ticker. It sits inside one of crypto’s most important, and most debated, categories: cross-chain connectivity. For more details, visit the official Coinbase platform. TL;DR Coinbase is adding support for Wormhole’s W token on spot markets. The listing gives a higher-profile venue to a token tied to cross-chain infrastructure. It also keeps Solana ecosystem names in front of mainstream exchange users. Why A Wormhole Listing Is Interesting Bridge and messaging infrastructure often do not get the same retail attention as consumer-facing protocols, but they matter enormously to how liquidity and applications move between ecosystems. Coinbase’s listing helps push t...
Post a Comment
Read more

Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price Action

Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly to reassure investors, easing some of the initial panic and stabilizing the market. Despite this, Bitcoin continues to consolidate in a tight range. Crypto expert Daan shared an analysis on X, noting that BTC is still ranging while volatility is steadily decreasing. As price compression increases, traders are on high alert for a potential explosive move....
Post a Comment
Read more