Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Pi Network News: Price Hits New All-Time Low as Selling Pressure Increases

August 3, 2025

Bitcoin Penguins presale ignites frenzy as meme culture collides with BTC power

August 3, 2025

XRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst

August 3, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

XRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst

0
By Aggregated - see source on August 3, 2025 Bitcoin
Share
Facebook Twitter LinkedIn Pinterest Email

XRP prices are down by over 5% in the last day amid a broader price correction in the general crypto market. The prominent altcoin now trades around $2.81 with no indication of a potential pause in selling momentum. While this crisis persists, popular X analyst with the username Egrag Crypto has helped identify the currently crucial support and resistance levels for the market bulls.

Hold $2.65 Or Risk Collapse, Break $3.12 And Set For Rally

In an X post on August 2, Egrag Crypto shares an interesting technical insight on the XRP market currently undergoing an intense correction wave. According to the renowned analyst, macro analysis indicates the altcoin retains a bullish structure; however, the present price correction can only be terminated via two pathways.

Firstly, micro price analysis suggests that XRP must achieve a daily price close above $3.12 to signal a market bottom entry. In doing so, the cryptocurrency reclaims a pivotal resistance level, paving the way for a potential rise to higher levels such as $3.60.

On the other hand, the immediate major support level lies around $2.65. Egrag Crypto explains that a continuous price decline to successfully retest this price floor may ignite a rally, pushing XRP to its current all-time high of $3.84.  However, any decisive price break below $2.65 could create a rather dire situation, pointing to potential lows around $2.19.

XRP Surge To $17 Remains On The Cards

In other news, Egrag Crypto’s analysis also reveals that XRP remains in a macro, long-term cyclical pattern that shows a multi-year bullish cycle, with recurring structural traits. The key elements in this pattern include bullish pennant formation, which suggests a continuation pattern, the 21 EMA (Green dotted line) that historically aligns with significant trend shifts, the Support Arc (Red line), and the Market Cycle Top (blue line).

Notably, XRP has since emerged from the bull pennant signaling intentions to maintain its current uptrend. However, the altcoin faces an insurmountable resistance around $3.84, which aligns with an intersection between the mid-cycle top and the 21 EMA line. If XRP can successfully break past this price barrier, investors should anticipate a direct rally to the projected cycle top $17, representing a potential 525% gain on present market prices.

At the time of writing, XRP trades at $2.81, reflecting a 5.32% decline in the past day as earlier stated. This recent price fall underscores a turbulent trading period for the altcoin, which lost over 11.38% of its market value in the last week. However, a monthly price gain of 22.18% indicates a significant number of investors remain in profit despite these corrections.

XRP

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Pi Network News: Price Hits New All-Time Low as Selling Pressure Increases

August 3, 2025

XRP Price Prediction Turns Bearish, 30% Fall to $2 Now on the Table

August 3, 2025

Pepeto (PEPETO) Price Prediction: A Meme Coin With Real Utility Gaining Momentum as Ethereum’s Ecosystem Grows

August 3, 2025
Leave A Reply Cancel Reply

What's New Here!

Pi Network News: Price Hits New All-Time Low as Selling Pressure Increases

August 3, 2025

Bitcoin Penguins presale ignites frenzy as meme culture collides with BTC power

August 3, 2025

XRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst

August 3, 2025

AAVE Price Drops Below Key Moving Averages as Technical Indicators Flash Warning Signals

August 3, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.