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>>Technical Analysis of XRP Highlights Crucial Levels Pointing to a Potential $3.30 Upswing

Technical Analysis of XRP Highlights Crucial Levels Pointing to a Potential $3.30 Upswing

crypthub

4 days ago

Structural Overview

XRP is moving inside a clean descending channel on the five‑day chart, indicating a controlled correction rather than distribution. Momentum appears to be cooling, but the price consolidation suggests a healthy pause. Analysts view this compression as a typical precursor to later expansion in a well‑structured market.

Key Levels and Scenarios

The 21‑day EMA is the critical pivot; a weekly close above it followed by a retest would signal a shift to bullish momentum. Breaking the channel top near $2.30 could open a rally toward $3.10‑$3.30. Egrag Crypto assigns roughly a 60% chance to an upside breakout, 30% to continued ranging, and 10% to a downside drop toward $1.

Implications for Traders

Traders should focus on EMA support retests and channel boundaries rather than short‑term noise. Structural confirmations help position for potential upside while limiting downside risk. This disciplined, structure‑first approach offers a clearer roadmap for the next significant move.