Renowned cryptocurrency analyst EGRAG CRYPTO (@egragcrypto) has updated the technical outlook on XRP, focusing on a potential bullish continuation pattern developing on the 3-day timeframe. According to the analyst, a decisive close above $2.3, along with confirmation above the 21-day Exponential Moving Average (EMA), would signal the validation of a double bottom structure . The chart shared by EGRAG CRYPTO shows that XRP recently tested a key support region around $2.07 multiple times, which the analyst believes is the likely bottom on the 3-day timeframe. The analysis suggests that as long as the digital asset’s price remains above this critical $2.07 support level, bullish momentum remains intact. EGRAG CRYPTO emphasizes that holding this zone is essential for bulls, as it would prevent further downside and maintain the validity of the projected wave count structure. #XRP – A Close Above $2.3 Shields the Double Bottom Pattern : A strong close above $2.30 on the 3-day timeframe and above the 21 EMA will confirm that the Double Bottom is in play for #XRP , opening the door to potential targets around: $2.50 $2.65 $3.00 As long… pic.twitter.com/bguB9ujpZe — EGRAG CRYPTO (@egragcrypto) June 2, 2025 Double Bottom Pattern and Upside Targets EGRAG CRYPTO’s projection includes a potential double bottom formation, a classical technical pattern that often precedes upward breakouts. For this pattern to be confirmed, XRP must close decisively above $2.3. Such a close would also put the price above the 21 EMA, a resistance level that has recently capped upside attempts. With a confirmed breakout, the analysis sets clear price objectives. The near-term targets for XRP include $2.5, $2.65, and an extended move toward $3. Other well-known analysts have shared paths to targets around $3 , further supporting EGRAG CRYPTO’s prediction. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The target levels are marked by horizontal green dashed lines on the chart and are likely based on Fibonacci extensions or historical resistance zones. The chart also projects a $24 target as part of a larger bullish wave structure. Notably, a Bitcoin advocate recently predicted that XRP could hit the $24 target in 2025 , and EGRAG CRYPTO’s chart suggests further gains beyond the $3 level under favorable conditions. Market Structure and Technical Setup From a technical standpoint, the chart illustrates that XRP is in a multi-wave structure. The asset rose to the wave (1) peak, followed by a corrective A-B-C structure leading to the wave (2) bottom. The successful defense of the support zone around $2.07 is consistent with the completion of wave C, aligning with common Elliott Wave Theory interpretations. EGRAG CRYPTO’s analysis shows the importance of $2.07 as a pivotal support level, and XRP is currently trading at $2.18. The chart further illustrates an anticipated continuation of the bullish wave cycle, with the next impulsive phase targeting the $24 mentioned above. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Top Analyst Spots XRP Breakout If It Holds This Crucial Level appeared first on Times Tabloid .
