Impending XRP Price Dump Alert: Analyst Calls Short-Term Bearish Price

Prominent crypto analyst EGRAG CRYPTO (@egragcrypto) recently shared a detailed analysis regarding the short-term performance of XRP, based on technical indicators and market structure. Highlighting both caution and opportunity, the analysis centers around the digital asset’s current price action and critical levels that must be surpassed to maintain bullish momentum. According to the analyst, XRP is showing signs of weakness. The asset is below the upper edge of the Bull Market Support Band, and it could experience a bearish turn if it remains there. “For XRP to confirm that we haven’t reached a bottom yet, we need to close above $2.33 and $2.45,” he stated, pointing to these specific resistance levels as essential for dispelling bearish sentiment. The Bull Market Support Band, which the analyst has previously referenced , is marked on the chart as a crucial area to monitor in the coming weeks. #XRP – Short-Term Forecast ($1.25): I anticipate some super negative reactions in the comments, but I’m simply interpreting what the charts are indicating. This is a short-term outlook, and while I am confident we may see double digits in the upcoming months, we first need to… pic.twitter.com/pLUAKCn7dC — EGRAG CRYPTO (@egragcrypto) April 26, 2025 Is XRP Falling to $1.24? The 0.702 Fibonacci retracement level, near $1.24, plays a significant role in EGRAG CRYPTO’s outlook. This level coincides with a previous breakout structure, reinforcing its importance as a key support zone if the price declines. The analyst highlighted this level as a major retest. This suggests that if the digital asset fails to break above the upper boundaries near $2.45, it could drop to that level. However, he emphasized that the broader outlook remains optimistic despite the potential for downside movement. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What’s Next for XRP? While recognizing the potential for market volatility, the focus remains on the structural integrity of XRP’s bullish formation established earlier in the cycle. The analyst revealed he still believes XRP will hit double-digits despite this potential bearish turn. Addressing anticipated concerns from followers, EGRAG CRYPTO made his stance clear regarding trading behavior during this period. He advised against reactive trading strategies, telling community members to accumulate tokens when prices drop instead of trying to follow trends. Experts are setting targets as high as $1,000 for the digital asset, and those who buy in early will benefit the most from the asset’s growth. The digital asset currently trades at $2.19, providing a good opportunity for anyone looking to hold for the long term. EGRAG CRYPTO’s broader message to the XRP community is patience and collective resilience. While he did not provide a target for XRP after this potential downturn, he has reiterated a $27 target for the digital asset, and his confidence in its future suggests that the bearish phase will not last. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Impending XRP Price Dump Alert: Analyst Calls Short-Term Bearish Price appeared first on Times Tabloid .

Source: TimesTabloid