$XRP Egrag Crypto, a well-known market analyst, has zeroed in on a decisive setup forming on XRP’s three-day chart. In a recent post on X, he noted that the token is breaking out of a symmetrical triangle pattern that signals an even 50-50 chance of moving higher or lower.
What matters now, he stressed, is whether XRP can close the current three-day candle with its body above $3.07 within the next 48 hours. That single technical confirmation could determine whether momentum continues upward or fades.
✨Technical Picture on the Three-Day Chart
The symmetrical triangle forming on XRP’s higher timeframe shows a classic period of price compression, where buyers and sellers reach a temporary stalemate before the next significant move. Analysts point out that the upper edge of this triangle, along with nearby moving averages, sits right around the $3.07–$3.13 region.
As of report time, XRP is trading at $3.16, keeping it within striking distance of a bullish confirmation zone. Market observers agree that a firm close above this level would convert short-term resistance into support and signal that bulls are regaining control.
✨Why the Next 48 Hours Matter
Egrag Crypto’s timing is deliberate. A three-day candle that closes decisively over the triangle’s upper boundary is the catalyst traders are waiting for. A close with the body—not just the wick—above $3.07 would indicate that buyers have seized momentum and that a stronger upward leg could follow.
Failure to hold that level, however, would leave the breakout unconfirmed and raise the likelihood of a drop back toward the triangle’s lower boundary, where key support and moving averages converge.
✨Confirmation Signals and Market Risk
Volume is the critical filter for distinguishing a true breakout from a false one. A surge in trading volume alongside a candle close above $3.07 would provide the clearest evidence that the move is genuine.
Traders looking for defined risk typically watch the lower trendline of the triangle—or the most recent swing lows—as their invalidation point. This disciplined approach helps manage exposure if XRP fails to maintain its breakout.
✨Outlook for XRP
Egrag Crypto’s analysis underscores that the coming two days are pivotal. A strong close above $3.07, supported by rising volume, could open the door to the next sustained rally. Without that confirmation, XRP may remain trapped in its current range and invite another test of lower support.
For market participants, the message is clear: the next 48 hours on the three-day chart could decide whether XRP’s next major move is higher or lower.
