Analyst Spots Critical XRP Range as Market Waits for Breakout

EGRAG CRYPTO (@egragcrypto), a prominent market analyst on X, has provided his latest outlook on XRP’s short-term movement. His assessment comes as the token trades at $3.2148, marking a 0.67% gain over the past 24 hours.

Despite the modest rise, EGRAG CRYPTO’s analysis suggests that XRP remains locked in a narrow price range with clearly defined breakout points.

Key Price Levels and Probabilities

According to EGRAG CRYPTO, a close above $3.30 would signal bullish momentum, while a close below $3.13 would indicate bearish pressure. Until one of these outcomes occurs, he projects that XRP will continue oscillating between the two levels.

He assigns a 60% probability to continued ranging between $3.30 and $3.13, with 20% chances each for an upward or downward breakout. The current chart pattern reinforces this, showing repeated tests of both limits without confirmation of a new trend.

Bitcoin’s Influence on XRP’s Next Move

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EGRAG CRYPTO also highlights Bitcoin’s role as a decisive factor in determining XRP’s next major move. At the time of his analysis, Bitcoin traded around $120,000, returning to record territory. EGRAG CRYPTO noted that if Bitcoin maintains strength, XRP could break above $3.30, while a reversal in Bitcoin’s trend could push XRP below $3.13.

This correlation has been observed repeatedly in past market cycles, where altcoins tend to follow Bitcoin’s lead during significant moves. However, not everyone supports this view, as many experts believe XRP can break away from Bitcoin and are waiting for confirmation of this move.

Market Dynamics and Confirmation Signals

EGRAG CRYPTO’s framework emphasizes the importance of confirmation before committing to a directional trade. A confirmed breakout above $3.30 would validate a bullish scenario, whereas a close below $3.13 with high trading volume would confirm a bearish shift. Without such signals, price movement within the current range should be considered part of ongoing consolidation.

The balance of buying and selling pressure at these levels reflects a market waiting for a catalyst. While smaller fluctuations occur within the range, they have not been sufficient to establish lasting momentum in either direction.

Should Bitcoin’s upward trajectory persist and XRP break above the upper limit with conviction, the market could see a sustained rally. Traders watching these levels may choose to wait for a confirmed daily close before adjusting positions.

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