After a notable price consolidation and breaking out of the triangle pattern, XRP has now achieved an important technical target. According to cryptocurrency analyst EGRAG CRYPTO (@egragcrypto), the asset's price movement in the coming days could determine whether the bullish momentum remains intact.

XRP is Trading Within Expected Range

His recent analysis, accompanied by detailed charts, outlines key support and resistance levels to monitor, emphasizing that despite recent downturns, XRP remains structurally strong, provided it maintains certain thresholds.

The chart shows that XRP has broken out of a tight ascending triangle after recently reaching a peak of $3.65. This pattern developed over the few days prior to the incident.

This correction has brought XRP into the previously identified target range, which is between $2.83 and $2.90, a range marked in green by the analyst. However, the focus has shifted to how the price closes in the short term.

Important Levels of XRP to Watch

Currently, XRP is trading around $2.85, just above the lower threshold of the support zone. EGRAG CRYPTO points out that closing above $2.80 is crucial to maintain a "super bullish position." However, he also notes that a drop to $2.65 would still keep XRP in a favorable structure.

The recent sell-off by "whales" has left the entire XRP army stunned, with $2.65 emerging as an important level to monitor if XRP loses the current support threshold. However, EGRAG CRYPTO asserts that continued price declines, while possible, do not necessarily invalidate the bullish trend.

Another potential scenario mentioned by the analyst is that Bitcoin's price could temporarily drop to $2.34. This level corresponds to a 30% retracement from the recent high. However, the analyst believes this move should not concern long-term holders, as it is seen as part of normal market volatility.

Resistance levels are also clearly defined on the chart. The current resistance level is around $3.03. Sellers had previously participated at this level, and closing above this level could help XRP regain upward momentum.

No Need to Panic

EGRAG CRYPTO's message to the community is very clear: "Do not let fear dictate your actions." While falling prices often push uncertain holders out of the market, XRP's rapid volatility allows them to easily miss out on price surges.

Dave Portnoy, founder of Barstool Sports, recently expressed regret for selling his XRP just days before it reached an all-time high. Experts believe that XRP's downward momentum will not last, and steadfast investors will benefit.