XRP returned to the above trading, $ 2, and the climbing momentum is gradually made compared to its price actions at the end of March and the beginning of April. Egrag Crypto believes that this week can highlight a turning point for a full heart in the upscale momentum, and how XRP price is very important.
According to the analyst’s expectations, which have been posted on the X social media platform, the current XRP candle on the weekly time frame wanders directly to $ 2.10 and average SIA for 21 weeks (EMA). but, Refer The real assertion is that if XRP can close the week with a full -body candle over $ 2.25.
Why $ 2.25 is important for XRP price?
The level of $ 2.25 is now more than just Other short -term resistance. This is what EGRAG considers the final barrier to verify the validity of the recovery structure, which is formed after the sharp decline in March and April. Its weekly chart shows XRP climbing from the lowest level after it is bounced from the FIB 0.888 extension level and now settles over the 21 -week yellow EMA line.
The XRP price alignment is higher than the price of $ 2.10 and this credible average average possibilities, but EGRAG shows that a weekly closure above $ 2.25 is the “lock”. From an artistic point of view, it would represent the first weekly candle in the past 21w EMA since the past four weeks. If this is achieved, this emphasis can be explained that the bulls regained hegemony and that the bottom was created on April 7.
Moreover, it indicates that the bottom of April 7 will continue to retain a foot. The chart also sets the closing price goals at $ 2.51 and $ 2.60, as Fibonacci extension levels expect higher areas at $ 2.69 on the way to crossing more than $ 3.
Not closing over $ 2.25 can re -display unwanted accounts
EGRAG also released a warning note in the absence of a clean outbreak. If XRP fails to close the weekly candle over $ 2.25, it is warned that it may lead to the return of the Haboodi novels, including what it indicated as a “possible tariff issue.” This is it In reference to the recent tariff It declined between the United States and China last month, Who is not balanced Investment markets.
Strong rejection can see that the price of XRP is declining towards the Fibonacci level of $ 1.96 or even less in the broader support range from about $ 1.58 to $ 1.30. The white box area on the graph above will become the basic battlefield of bulls and bears if it is not secured near $ 2.25 by the end of the week.
