XRP Price Faces Pivotal Test at $2.65: Analyst Identifies Key Resistance Before Next Move

Andrew Chen
XRP

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  • $2.65 is now a crucial resistance level for XRP.
  • Breaching $2.65 could set targets at $2.85, $3.13, and $3.44.
  • XRP maintains support near $2.30, indicating market stabilization.

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After a turbulent period in the cryptocurrency market, XRP is once again under the spotlight as traders eye a critical technical level at $2.65. According to crypto analyst EGRAG CRYPTO (@egragcrypto), this price point, which previously acted as strong support, has now shifted into a key resistance zone. The next few days could determine whether XRP can regain upward momentum or remain capped below this threshold.

The $2.65 Level: Resistance or Opportunity?

EGRAG CRYPTO’s updated chart emphasizes $2.65 as a pivotal level for XRP. “What was once strong support has now turned into a formidable resistance level,” he noted. Currently, XRP trades below $2.65 but remains above its 200 EMA, suggesting a possible stabilization phase.

The recent drop pushed XRP under $2 for the first time since June, yet a swift rebound indicates that support levels are holding. The real test now lies in whether XRP can close above $2.65 on higher timeframes, particularly with a full body candle on the three-day chart. Successfully flipping this resistance into support could signal a renewed bullish phase.

XRP Targets and Technical Outlook

If XRP overcomes the $2.65 hurdle, the next technical target is around $2.85, coinciding with the 21 EMA. Beyond this, bullish scenarios outlined by EGRAG CRYPTO suggest potential resistance levels at $3.13 and $3.44, offering benchmarks for medium-term traders.

Also Read: XRP Recovers After $610M Liquidation Shock as Traders Rebuild Confidence

Even amid market volatility, XRP maintains support near $2.30, aligning closely with the 100 EMA. This steady foundation reinforces the view that breaking above $2.65 could trigger another upward rally, provided market momentum favors the bulls.

A Pivotal Moment for XRP

XRP’s immediate trajectory hinges on the $2.65 resistance zone. Overcoming this level could confirm a new support base and set the stage for further gains. Traders and investors will be closely monitoring whether the digital asset can translate technical potential into a sustained bullish trend.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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