XRP appears to be on the verge of a decisive breakout, according to a recent technical analysis shared by prominent crypto market analyst Egrag Crypto. In a post on X, Egrag pinpointed $2.30 as the critical price level that XRP must reclaim to confirm a sustained bullish trend. Once this level is firmly established as support, the next upside target lies at $2.65, an area that could mark the onset of renewed momentum and further gains. This forecast comes amid growing optimism surrounding XRP’s long-term trajectory, as the asset continues to recover from regulatory pressure and consolidate key technical structures. Egrag Crypto’s analysis, which builds on weeks of patterned chart observations, suggests that XRP’s current consolidation phase may be ending, with a parabolic move potentially around the corner. $2.30: The Line in the Sand In technical terms, the $2.30 level serves as a psychological and structural barrier that, once flipped into support, could validate the bullish case. Historically, price action near this region has shown strong resistance, often resulting in rejections or retracements. However, Egrag notes that this time, reclaiming $2.30 would not only affirm buyer dominance but also act as a springboard toward significantly higher valuations. #XRP – Ready to Break Out (Target: $2.36): The first key level to watch is $2.30—a confirmed support zone to solidify the bullish case. Once this is claimed, the next major target is $2.65, which could signal stronger momentum and a clear bullish sign. #XRPFamily STAY… pic.twitter.com/O3oKnsfnzY — EGRAG CRYPTO (@egragcrypto) June 3, 2025 The confirmation of this level as support would mark a major shift in market sentiment. It would indicate that XRP has absorbed previous sell pressure and built a strong demand floor, conditions typically seen at the onset of bullish breakouts in altcoin markets. Traders and investors are therefore closely monitoring this zone as the primary signal for entering or adding to long positions. Targeting $2.65 and Beyond Once the $2.30 resistance-turned-support is solidified, Egrag believes XRP is primed to aim for the next target: $2.65. This level carries weight both technically and psychologically. A move to $2.65 would not only break above XRP’s longer-term consolidation structure but also position the asset to retest higher macro levels unseen since the last major cycle. More importantly, such a surge would represent renewed market confidence in XRP’s fundamental value proposition and growing relevance in global finance. Egrag emphasizes that the $2.65 milestone, if reached, would be a clear sign of stronger momentum returning to XRP, momentum that could set the stage for even greater upside. As bullish signals compound, momentum traders and institutions sidelined by previous uncertainty may re-enter the market, accelerating the trend. Fundamental Catalysts Strengthening the Technical Picture While Egrag Crypto’s thesis is built on price action, it aligns with several underlying developments that could catalyze XRP’s breakout. XRP continues to benefit from increased usage in Ripple’s On-Demand Liquidity (ODL) corridors, which power real-time cross-border payments for banks and fintechs across Asia, Latin America, and Africa. The token’s utility in enterprise finance, unlike many purely speculative assets, provides a solid foundation for long-term demand. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Additionally, as regulatory clarity continues to develop in the U.S. and abroad, XRP is regaining access to exchanges, liquidity pools, and trading venues that previously delisted or limited exposure due to legal uncertainties. The expansion of the XRP Ledger ecosystem also adds tailwinds. Projects like the XRPL EVM sidechain are unlocking new use cases , including DeFi and smart contracts, which can further drive demand for XRP as a utility token. The Road Ahead With favorable macro indicators, technological progress, and a supportive legal environment now aligning with bullish technical setups, XRP appears well-positioned for a potential breakout. Egrag Crypto’s chart analysis provides a clear roadmap: first, reclaim and hold $2.30; then, set sights on $2.65 as a key confirmation of upward momentum. While markets remain inherently volatile and timing unpredictable, the current signals suggest that XRP is not only stabilizing but gearing up for its next major move. For investors and traders alike, the coming weeks could be pivotal in determining whether XRP transitions from consolidation to a full-scale rally. 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 Analyst Egrag Crypto Says XRP Is Ready to Breakout. Here’s the Signal appeared first on Times Tabloid .
