XRP Eyes Historic Four-Month Candle Close with $2 as Key Support
Egrag Crypto forecasts that XRP will record its strongest four-month candle close in 14 days, signaling a major macro shift. The $2 threshold has acted as long-term structural support since late 2024, with monthly closes consistently above this level. Currently trading at $3.11, XRP’s market cap stands near $185 billion and daily volumes are in the multi-billion range. Resistance around $3.27–$3.30 is a critical pivot for traders. Sustained body closes above $2 and the $3 range would confirm the bullish structure formed in recent months. Holding above $2 into the month-end close and breaking the $3.2–$3.3 zone could usher in a new bullish phase, while a drop below $2 would force buyers to rebuild momentum.
Bullish
Egrag Crypto’s focus on the upcoming four-month candle close and the $2 support floor highlights a potential bullish breakout. Historically, sustained monthly closes above key levels have preceded strong upward moves in XRP. Maintaining the four-month body above $2 and breaking through the $3.2–$3.3 resistance could trigger short-term rallies and bolster long-term confidence. Failure to hold $2, however, would likely lead to profit-taking and a pullback. Overall, the emphasis on higher-timeframe strength suggests a bullish outlook, contingent on the charts confirming the closing levels.