XRP at a Crossroads: Key Levels Could Define the Next Big Move

By: coindoo|2025/05/10 19:30:08

Crypto strategist EGRAG CRYPTO shared an in-depth chart analysis indicating that XRP is battling with a macro descending trendline. According to his post, XRP must close above the $2.41–$2.45 zone to confirm strength and invalidate a bearish trajectory.Bearish Trap or Macro Noise?The chart shows two possible paths: one bearish, leading XRP down toward the $1.20–$1.40 range (symbolized with a fishing hook and blue fish emoji), and one bullish, targeting a breakout to $3.10, and potentially up to $3.39, a key Fibonacci extension.EGRAG was quick to caution followers that even a dip to deeper levels would be “just MACRO noise,” not a change in the underlying trend. He emphasized that short-term volatility shouldn’t distract from the long-term bullish structure, suggesting that only a close above $2.96 would truly signal the end of the bearish narrative.Current Price ActionAt the time of the tweet, XRP was trading around $2.38, just below the resistance zone. The outcome at this level could set the tone for the next major move, with traders closely watching for a decisive break or rejection. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bitcoin Could Be Leading Global Monetary Trends, Says Analyst Final ThoughtsEGRAG’s analysis adds to a growing sentiment that the crypto market is nearing major turning points across several top assets. For XRP holders, the next few days could be crucial. A confirmed breakout above $2.45 may trigger renewed bullish momentum, while failure could lead to a deeper retest before any sustained upside.The post XRP at a Crossroads: Key Levels Could Define the Next Big Move appeared first on Coindoo.

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