according to the materials of the site - By 36crypto

According to leading analyst EGRAG CRYPTO, XRP is entering a critical phase, with twelve days remaining until the next potential breakout. The analyst emphasized that a monthly close above $3.30 will serve as a launchpad for calculated movements that could determine XRP's dynamics in the upcoming months.

The chart presented shows the long-term structure over the years. Within this structure, XRP repeatedly encounters resistance levels, with the $3.30 mark becoming a benchmark to track. Analysts believe that a clear breakout of this level will be an additional sign of strength, and the price is open to conservative, average, or optimistic forecasts, depending on the dynamics.

The $3.30 mark represents both technical resistance and a key psychological barrier. According to EGRAG CRYPTO, breaking through this level will indicate a strengthening base after prolonged consolidation.

The historical price dynamics also illustrate how past cycles correlated with comparable breakout levels, making the next 12 trading days crucial.

XRP faced a serious crisis of trust caused by aggressive selling by major holders. As on-chain analyst Ali Martinez reported, XRP whales sold nearly 470 million XRP just in the last ten days, which intensified the selling pressure that led to a 17% price drop over the past month.


This mass sell-off of so-called 'smart money' has caused the price of XRP to drop below the critical psychological level of $3, and it is now trading at $2.89. This is significantly below the 20-day exponential moving average (EMA) of $3.09 and the 50-day exponential moving average (EMA) of $2.93. These major sell-offs by holders have heightened fears that institutional investors are liquidating their assets due to economic uncertainty.

Market implications
The next 12 days will be crucial for the trajectory of XRP's movement. A monthly close above $3.30 will confirm a bullish sentiment and potentially neutralize concerns caused by the recent activity of whales. On the other hand, a lack of momentum recovery may exert additional bearish pressure and prolong the current decline.

With 12 days left in XRP trading, it is moving towards a launch moment. According to EGRAG CRYPTO, a close at $3.30 remains a critical marker, although active whale selling continues to overshadow the outlook.

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