XRP is showing renewed bullish momentum as top analysts EGRAG Crypto and Dark Defender highlight critical resistance and support levels that could define the asset’s next major move.
EGRAG Crypto noted that XRP is currently “battling the supply zone,” calling the $2.55 region a key turning point.
According to his chart, a successful flip of this resistance into support could open the path toward higher levels, with $2.65 serving as a short-term breakout target. “We’re in the process of flipping it into support,” he wrote, emphasizing that bulls appear to be regaining control of the trend.
Support and Resistance Analysis
Meanwhile, Dark Defender’s analysis on the 3-day time frame aligns with this outlook, showing XRP bouncing strongly from $2.22, identified as a crucial support zone.
He expects XRP to complete Wave 2 of its current Elliott Wave structure and break the orange resistance line, with a mid-term target of $5.85. The analyst reiterated his longer-term “Road to Double Digits” view, suggesting the potential for a sustained rally if current levels hold.
Market Outlook
With XRP trading around $2.47, both analysts see the current consolidation phase as a prelude to a larger breakout, provided the bulls can maintain strength above $2.55 in the coming sessions.