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XRP has captured attention with its recent price movements. Experienced analyst EGRAG Crypto assessed Ripple’s fluctuations between 2 and 3.4 dollars, describing them as “market noise.” Despite ongoing market uncertainty, he emphasized that the altcoin has managed to maintain its upward trend by remaining above critical levels, continuing its consolidation phase.
Analyst’s Perspective on XRP Prices
EGRAG Crypto noted that XRP’s sharp decline to 1.7 dollars on February 3 was not a natural market movement but rather a potentially manipulative act aimed at liquidating leveraged positions. Following this drop, XRP rebounded quickly, succeeding in staying above the rising blue channel established in November 2024.
$2-XRP-Fiyat-Analiz-Yorum-14-Subat-2025.png” alt=”” width=”1835″ height=”746″ />This channel has been pivotal in the upward trend since late 2024. Since then, XRP has consistently moved above this channel, establishing it as a significant support level. The channel’s lower boundary was tested during the correction in February, but the price rebounded from this boundary, gaining strength.
XRP Price Analysis: Key Levels
EGRAG Crypto stressed the importance of maintaining XRP’s support levels. For the altcoin to avoid entering a downtrend, it must stay above 2.21 dollars, 2 dollars, 1.8 dollars, 1.74 dollars, and 1.6 dollars. These levels are highlighted as critical support points for XRP.
Conversely, to initiate upward movement, XRP must surpass resistance levels at 2.62 dollars, 2.75 dollars, 2.94 dollars, 3.22 dollars, and 3.4 dollars. Closing above these levels could spark a new rally for Ripple’s XRP, but the analyst believes that if prices linger between 2 and 3.4 dollars, such movements shouldn’t be considered significant.
Currently, XRP is trading at 2.45 dollars. With a Commodity Channel Index (CCI) value of -52.94, the altcoin still exhibits considerable growth potential. Additionally, the 20-day moving average at 2.69 dollars may strengthen buyers’ power.
