XRP returns above, $ 2, and the stubborn shoot gradually creeps compared to the price at the end of March and early April. The cryptographic analyst EGrag Crypto believes that this week can emphasize the turning point for the full transition to a stubborn momentum, and the way the price of XRP closes a week will be very essential.
According to the perspective of the analyst, which was published on the Social Media platform X, the current XRP candle in weekly time frames floats slightly above USD 2.10, as well as the 21-week-old interventional movable (EMA). However, He noticed it Real confirmation is whether XRP can close a week with a full candle above USD 2.25.
Why is USD 2.25 valid for XRP?
The level of USD 2.25 has now become more than just Another compact -term resistance. It is Egrag who considers the final barrier to checking the correctness of the recovery structure after the keen rebound of the march and April. His weekly table shows that XRP comes out of a significant low level after reflection of the level of extension 0.888 FIB and now stabilizing over the yellow 21-week-old EMA line.
Equalization of the XRP price above both the price level of 2.10 USD and the following average moving adds the credibility of the potential of stubborn continuation, but Egrag explains that the weekly near USD 2.25 is the point of “blockade”. From a technical point of view, this would mean the first weekly candle with full fire over 21W EMA from the last four weeks. If this is achieved, this can be interpreted that the bulls regained their dominance and that the bottom was established on April 7.
In addition, he suggests that the pit of April 7 will continue to keep support in the future. The chart also presents close prices for $ 2.51 and USD 2.60, with Fibonacci extension levels predict even higher zones at the level of USD 2.69 on the way to a refund above USD 3.
Lack of closing above USD 2.25 may restore unwanted narratives
Egrag also issued a warning in case there was no pure breakthrough. If the XRP does not close a weekly candle above USD 2.25, he warned that it can cause a return of narrative bears, including what he described as a possible “tariff problem”. This is Referring to the last tariff Over the past month and China which did not stand out Investment markets.
Robust rejection can cause the XRP price to return to Fibonacci USD 1.96, and even lower to a wider support band of about 1.58 to USD 1.30. The White Box region in the graph above would then become the basic battlefield for bulls and bears if it was not secured by the end of the week.
