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TimesTabloid 2025-05-27 07:46:38

XRP Price Analysis: Chartist Highlights Key SMA Support Levels

Egrag Crypto’s latest update highlights the 21-period Simple Moving Average (SMA) on the 5-day chart as a significant support level for XRP. In the visual shared, this moving average, colored yellow, runs just beneath the current market price, which is approximately $2.2962. Despite recent downward movement, this SMA has consistently maintained its role as dynamic support. Egragnotes that it is “keeping us steady,” suggesting buyers are actively defending this level. The proximity to the 0.702 Fibonacci level at $2.2293 adds another layer of support, reinforcing the argument that this zone is technically important. #XRP – 21 SMA & 33 SMA Support Levels: On the 5-day timeframe, the 21 SMA is acting as a strong support, keeping us steady! Meanwhile, on the 3-day timeframe, the 33 SMA is providing crucial support, reinforcing our bullish outlook. These moving averages are key to… pic.twitter.com/0UKxOqfaSM — EGRAG CRYPTO (@egragcrypto) May 25, 2025 33 SMA Support Reinforced on the 3-Day Chart In the 3-day timeframe, attention turns to the 33-period SMA, shown in green. According to Egrag Crypto, this moving average provides “crucial support” and helps sustain the current bullish setup. The XRP price remains closely aligned with this average, suggesting a continuation of support-driven consolidation. A highlighted level of $1.9600 serves as a reference point for lower bounds observed in recent market activity. This level has previously marked a reversal zone, indicating that market participants have shown strong buying interest when prices reached this area. Horizontal Resistance and Key Fibonacci Levels Both charts in the tweet include marked horizontal resistance and support lines, with the $2.4100 and $2.6544 levels of particular interest. The latter aligns with the 0.786 Fibonacci retracement, suggesting that a break above this point could trigger stronger bullish activity. The ultimate Fibonacci target labeled on the charts is $3.3170, which is derived from the full retracement extension and marks a longer-term technical objective. On the downside, support levels at $2.1500 and $1.9555 are also emphasized, providing reference zones during further corrective moves. Outlook and Interpretation from Egrag Crypto Egrag Crypto’s commentary maintains a focused and technical tone. The post stresses the importance of the moving averages in sustaining upward momentum without offering exaggerated predictions. Instead, the tweet emphasizes that staying above these SMAs is essential to preserving the bullish outlook. No speculative timeframes or dramatic scenarios are introduced, and the analysis is grounded in the visual strength of trend-following indicators. For traders monitoring XRP , this structured approach provides a roadmap of current support levels and confirms the analyst’s preference for a measured, mid-term view of the asset’s price trajectory. 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. The post XRP Price Analysis: Chartist Highlights Key SMA Support Levels appeared first on Times Tabloid .

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