- Top analyst EGRAG CRYPTO says “history is being made” on the XRP chart.
- He argues that the new macro support floor for the XRP price is now at $2.
- He also states that the new “ultimate accumulation zone” for long-term investors is below $10.
The XRP market is heading into a decisive two weeks, as the current four-month candle approaches what could be the highest close in the asset’s history. With just 14 days left, excitement is building among holders who believe this could mark the beginning of a new era for the digital asset.
The New Reality: $2 Is the Floor, $10 Is the Buy Zone for XRP
XRPBags, an analytic firm, recently referenced an analysis by EGRAG CRYPTO, which argued that dips below $2 may occur only on short timeframes. According to this view, a monthly close under that level is unlikely in the foreseeable future.
Instead, XRPBags urges investors to rethink what true “accumulation zones” look like. In their perspective, buying below $10 not below $1 is where long-term value rests.
This confidence is based on the growing adoption of the Ripple ecosystem, particularly as its Authorized Trust Line infrastructure allows banks and payment companies to issue stablecoins on the XRP Ledger.
Behind the scenes: While the price consolidates, Ripple’s CTO is hard at work on the tech. Here’s our report on his latest XRPL upgrade.
Technical Consolidation Signals Strength
Another analyst, Galaxy, offers a more measured short-term perspective. His chart analysis points to XRP consolidating around the $3 mark after breaking out of a massive 2,500-day symmetrical triangle.
He stresses that this period of sideways movement is not a weakness but a healthy pause as the token prepares for its next rally.
The resistance areas to consider are the levels of $3.39 and $3.32 as short-term resistance, and $2.18 and $1.50 as critical supports. Trading above $3 may enable consolidation to establish subsequent momentum.
Momentum Indicators Suggest a Testing Phase
Despite the optimism, market signals show caution. XRP trades near $2.97, reflecting a 4.63% decline in the past 24 hours and a 9.27% loss over the week.
Relative Strength Index is at 44.40 below the neutral line signifying weakening momentum and not oversold. Moreover, the MACD histogram has become progressively negative, indicating a short-term bearish trend.
Key XRP levels: The current price action is hovering around a critical support zone. Here’s our detailed report on XRP’s support at the $2.81 level.
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