XRP Price Analysis: Retest or Breakout on the Horizon?
Crypto analyst Egrag Crypto has provided a detailed technical outlook for XRP, posing the question of whether the digital asset is set for a retest of support levels or a bullish breakout. The analysis, shared on X (formerly Twitter), outlines critical price targets and conditions for both scenarios.
According to Egrag Crypto, if XRP fails to close a full daily candle above the $2.20 mark, the price behavior suggests that $2.08 and $2.04 could become key retest zones. These levels would represent areas where the price might find renewed buying interest if it initially struggles to push higher.
For a decisive bullish momentum, XRP needs to achieve full-bodied daily candle closes above several critical resistance targets. These levels include $2.20, $2.30, $2.34, $2.48, and $2.65. A sustained close above these points, particularly with strong candle bodies, would signal significant bullish strength, potentially indicating that “the next big move could be on the horizon.”
However, the analysis also highlights an “Important condition” for maintaining a bullish outlook: XRP “must not close below any of these targets on daily time frame: $2.04, $1.90, and $1.71.”
Should XRP close below any of these crucial support levels, Egrag Crypto strongly suggests “we’re heading into a bearish trend,” indicating a shift in market sentiment and potential downside pressure.
Traders and investors are likely to closely monitor XRP’s daily closes against these defined levels to gauge its next significant move.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
