$XRP Crypto analyst Egrag Crypto has shared an update on XRP, confirming what he describes as a breakout from the descending channel.
In his post, he compared two charts labeled “Before” and “After,” illustrating the development of the price action. He stated that his earlier four-hour prediction was accurate, with the move now unfolding in line with the analysis he provided previously.
✨Technical Levels Highlighted
In the “Before” chart, XRP was still trading within the descending channel. The chart displayed both the 21-period and 100-period exponential moving averages, with an inset illustration of an ascending triangle formation showing potential entry and target points. In the “After” chart, XRP’s price is shown above the upper boundary of the channel, signaling the breakout Egrag Crypto highlighted.
The updated chart shows XRP testing and breaking through the 3.03000 level, which is marked as a significant point of resistance. Above this level, the next target identified is 3.12122.
On the downside, Egrag marked 2.99053 as an important support area to watch, with a lower support zone highlighted at 2.85500. The 21 EMA is positioned directly beneath recent candles in the updated chart, with the analyst emphasizing its role as a dynamic support level in this move.
✨Implications of the Update
Egrag Crypto’s update presents the breakout as confirmation of the anticipated measured move. His focus on the 21 EMA suggests that it is a key reference point for judging whether the breakout sustains.
Maintaining price action above 3.03000 strengthens the case for continuation toward 3.12122, while a breakdown below the 2.99053 support would put pressure back on the structure and shift focus to 2.85500.
The post focuses on technical structure and does not provide direct trading instructions; however, the annotated levels indicate where the analyst identifies emerging strength or weakness. The breakout shown in the “After” chart is framed as a significant development, reinforcing the accuracy of the initial projection.
Egrag Crypto’s update emphasizes that XRP has broken out of the descending channel and is now testing higher targets. The analyst highlights 3.03000 and 3.12122 as upside levels, while pointing to 2.99053 and 2.85500 as key supports.
The role of the 21 EMA in holding recent price action is also underscored as an important technical indicator in the current move. The comparison between the “Before” and “After” charts is used to illustrate the breakout and confirm that the prediction shared earlier has been validated.
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