XRP at ’Decision Zone’: Key Levels $1.75, $2.20–$2.60 and $3.20 to Watch
Analyst Egrag Crypto says XRP has tagged the lower boundary of its established trading range and now sits in a “decision zone” that should determine near-term direction. He outlines two main scenarios: a liquidity sweep and V-shaped reclaim if support holds and selling pressure exhausts, or a confirmed breakdown only if support is decisively lost with strong volume. Key levels cited are $1.75 as the critical defense to keep the current structure intact; $2.20–$2.60 as the reclaim zone indicating buyer control; and $3.20 as the breakout confirmation level. Egrag stresses that market structure and volume—not sentiment—should guide expectations. Community responses diverged, with some users skeptical about higher targets and warning $1.75 could fail. The analyst’s view implies short-term volatility around support; traders should watch price reactions and volume for confirmation before committing directional positions. (Main keyword: XRP)
Neutral
The report is neutral because it presents a conditional setup rather than a directional catalyst. Egrag Crypto identifies two equally plausible outcomes: a V-shaped reclaim if support holds and selling exhausts, or a confirmed breakdown only if support is lost with high volume. Key implications for traders:
- Short-term: Expect elevated volatility around the $1.75 support. Traders should wait for confirmation signals (price rejection or surge in buying volume for bullish setups; decisive break with expanding volume for bearish confirmation) before taking significant positions.
- Medium/long-term: If XRP holds above the macro ascending trendline and reclaims $2.20–$2.60, the bias tilts bullish with potential to target $3.20. Conversely, a volume-backed breakdown below $1.75 risks structural deterioration and deeper losses.
Parallel events: Similar patterns have occurred when large-cap altcoins tested range lows—false breakdowns (low-volume dips) often resulted in sharp recoveries, while high-volume breaches led to extended declines. Hence, volume and structure remain the decisive indicators. For risk management, traders should use stop levels near the $1.75 area, scale positions based on confirmation, and monitor orderbook liquidity and on-chain flows to gauge genuine buying or selling pressure.