XRP Remains Bullish Above $2.90, Targets $3.65 ‘Valhalla’ Breakout: Analyst

• XRP dipped to $2.85 before slightly recovering; $2.90 is a crucial midpoint in its bullish structure. 
• Analyst EGRAG sees $3.65 as the breakout level that could spark a major rally.
• He said a drop below $2.33 may trigger a shift into a bear market.

XRP fell to $2.85 this week, losing 5% in the process before recovering slightly. While the decline rattled some investors, market watchers within the XRP community continue to stress that the current price level remains part of a bullish structure so long as key support levels hold.

According to analyst EGRAG, XRP’s price at $2.90 is right at the mid-point of its long-term logarithmic regression channel. He stresses that as long as XRP stays above this level, the setup remains constructive. However, falling below it would invite pressure on the key supports below.

XRP Path to “Valhalla” at $3.65

Also, EGRAG highlighted $3.65 as the breakout point for XRP. Reaching this level and closing above it, which is the “green arch” on the chart, would spark what he describes as “Valhalla price discovery” to send XRP price into never-before-seen price zones. 

While this analysis did not issue any bullish o…

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