For XRP Mega Breakout, Analyst States Key Levels to Watch

After months of consolidation, XRP is once again approaching a decisive technical juncture. The asset’s recent movement within a long-standing falling wedge formation has placed it in a position where either a breakout or a renewed decline appears imminent. EGRAG CRYPTO (@egragcrypto), a well-respected analyst, shared this pattern with the XRP army on X, showing the conditions the asset must meet to confirm a bullish breakout on the 4-hour timeframe. #XRP – Short-Term Move: To have #Bullish break-out then #XRP has to close: 1⃣ $2.30 2⃣ $2.35 3⃣ $2.36 – break-out from MEGA falling wedge 4⃣ $2.45 5⃣ $2.65 Is Go-Go signal #XRPFamily STAY STEAD and STRONG , Together We Rise pic.twitter.com/3Z2TfmWxEV — EGRAG CRYPTO (@egragcrypto) June 5, 2025 XRP Key Levels to Watch At the time of EGRAG CRYPTO’s analysis, XRP was trading at $2.24, and traders are closely watching whether momentum will tilt upward or if further downside risk remains. The chart identifies a “mega falling wedge” pattern that has confined XRP’s price since its multi-year high of $3.39 in January. According to the analysis, several resistance levels must be broken before any meaningful upward continuation can be confirmed. These include $2.30, $2.35, and most crucially, $2.36, marked as the breakout point from the wedge. The analyst describes $2.65 as the “Go-Go signal,” suggesting a broader trend reversal if that target is reached. Notably, another well-known expert recently highlighted a similar falling wedge pattern , also suggesting that a massive rally of the asset will break out. XRP Support Zone Remains Critical While the asset is approaching resistance, a clear support box also stands out on the chart, ranging from around $1.77 to $2.05. EGRAG CRYPTO highlights this zone as one that needs to be retested and held if the bullish case is to remain intact. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP has shown remarkable strength this year and now faces the challenge of sustaining upward pressure without falling below key support lines. Failure to hold the lower levels could lead to a drop to $1.60 or even $1.47. The chart includes a direct warning that losing the bottom of the wedge at $1.47 could be catastrophic. Recent analysis shows a massive liquidity pool of around $2 . If the bears take control of the market, this area could help the digital asset rebound without dipping below that crucial support range. What to Expect from XRP To escape the downward pressure of the wedge, XRP must close above the critical resistance zone between $2.30 and $2.36. The $2.36 level, specifically, serves as the breakout point from the wedge. The asset is currently trading at $2.17, and a move above the outlined thresholds could set the stage for a rally toward $2.45 and $2.65. While EGRAG CRYPTO did not outline further targets, he recently predicted a move to $55 , and this could serve as a long-term target for XRP. 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 advised to conduct thorough 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 For XRP Mega Breakout, Analyst States Key Levels to Watch appeared first on Times Tabloid .

Source: TimesTabloid