Crypto analyst EGRAG Crypto has provided an updated technical analysis of XRP, emphasizing a bullish trend in the 4-hour time frame. According to his latest post , XRP is closing above the 21-day Exponential Moving Average (EMA), a signal that often indicates potential upward momentum in the short term. The chart shared by EGRAG Crypto illustrates key resistance and support levels, with price action consolidating above the $3 mark. The analyst highlights that bulls have been aggressively accumulating XRP below this threshold, reinforcing a strong foundation for future growth. This accumulation suggests that investors remain optimistic about XRP’s long-term potential, particularly as market sentiment improves. #XRP 4-Hour Time Frame Analysis (Update) We're currently closing above the 21 EMA, signaling a #Bullish trend in the short term. Looking at the bigger picture, this is very encouraging. The #Bulls have been actively accumulating every #XRP available below $3, which sets a… https://t.co/UJCZ5p32Ij pic.twitter.com/KM2tqEehkW — EGRAG CRYPTO (@egragcrypto) January 28, 2025 Technical Overview and Key Levels The chart presented by EGRAG Crypto outlines several significant price points. Among them are key resistance zones at approximately $2.68, $2.70, and above $3. On the downside, major support levels include $2.50, $2.28, and $1.96. These levels could play an important role in XRP’s price movement, as they may act as barriers or launching points depending on market conditions. A notable aspect of the analysis is the historical reference to XRP’s 2017 bull cycle . EGRAG Crypto points out that XRP previously experienced a 65% retracement before rallying 1,700% and another 700%. This historical pattern is being used as a comparison for potential future price action. While past performance does not guarantee future results, it offers insight into how XRP has behaved in similar market conditions. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Sentiment and Community Reaction The bullish outlook shared by EGRAG Crypto has received positive engagement from the XRP community. One X user, Ipaule, commented on the post, expressing gratitude for the advice and noting that the wicks on the chart posed a risk for leveraged traders. The comment suggests that traders who followed EGRAG Crypto’s analysis may have avoided potential liquidation by staying cautious in volatile conditions. Investor sentiment appears to be aligning with the technical indicators presented. If XRP maintains support above critical levels and continues to close above the 21 EMA, the probability of an extended bullish move increases. For traders and investors, monitoring the key levels identified in the analysis will be essential. While the technical setup remains positive, market conditions and external factors will ultimately influence XRP’s price trajectory in the coming days and weeks. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP 4-Hour Time Frame Analysis: Analyst Spots Bullish Indicator For Short-Term Rally appeared first on Times Tabloid .
