XRP Holds $2.30, Analyst Sees Breakout Ahead With Target Set at $7.50 Based on Technicals For 2025
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- Analyst EGRAG predicts a major breakout for XRP with potential price targets of $7.5, $13, and $27.
- XRP faces critical resistance in “Channel B,” and a breakout could trigger a significant rally.
- Previous successful predictions by EGRAG suggest a promising upward movement despite current price corrections.
The XRP price showed a weak performance lately, dropping by 2% over the last 24 hours to trade around $2.30.
On a weekly basis, XRP saw a modest gain of just 1.59%. Still, analysts anticipate a significant move ahead.
Crucial Resistance Level for XRP’s Next Big Move
XRP’s price movement remains stuck within a long-term technical range. Crypto analyst EGRAG, however, sees potential for a breakout soon.
EGRAG’s latest analysis highlights a key resistance area he calls “Channel B.” This channel blocked XRP from closing a monthly candle above this critical level for some time. If XRP can successfully move past this resistance, a substantial rally could follow, potentially reaching highs around $27.
Related: XRP Bull Run Ignition? Analyst Predicts Major Price Surge, Cites Key XRP Patterns
Technical Foundation Behind XRP’s Ambitious Targets
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The post XRP Holds $2.30, Analyst Sees Breakout Ahead With Target Set at $7.50 Based on Technicals For 2025 appeared first on Coin Edition.
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