XRP Breakout Confirmed: Descending Channel Finally Breached
$XRP Crypto has been vindicated — XRP has broken out of its descending channel after several weeks of tight price consolidation. The move aligns closely with his earlier 4-hour chart predictions. ✅✨
📊 Charts Before vs. After
Before: XRP’s price was stuck inside a downward-sloping channel, unable to make headway past resistance.
After: The recent candles smashed out above that resistance, confirming the breakout and supporting Egrag’s projected move.
Key Levels to Watch
Resistance Turned Support: XRP has moved past 3.03000, a level Egrag identified as critical.
Next Target: Should the bullish momentum hold, the price may aim for 3.12122.
Support / Downside Risk:
First cushion: 2.99053
Stronger base beneath: 2.85500
🔍 Why This Matters
This isn’t just a random chart breakout — it signals that XRP’s consolidation phase may be giving way to upward momentum. If the price stays above 3.03000, that opens the door for further gains. But dropping below 2.99053 might test how committed bulls are.
⚔️ The Bigger Picture
Above 3.03000 → Bull strength confirmed
Toward 3.12122 → Room for upside to run
Below 2.99053 → Risk of weakness
Also, keep an eye on the 21 EMA, which is now acting like a support buffer under recent candles — helping to sustain this new bullish turn.
In simple terms: XRP has broken free from its
downward trend. If this breakout holds, higher targets are now within reach. But if the support gives way, we may see some pullback before another attempt.