- EGRAG CRYPTO targets $2.35 as a key breakout confirmation level.
- A sustained move above $2.35 could open the path toward the Valhalla zone.
XRP has moved into a crucial market phase, touching the “Heavy Supply Zone” on the charts. EGRAG CRYPTO analysis, XRP has entered the upper end of its trading range. The token reached the “Heavy Supply Zone,” which lies above the “Range Resistant” band and the $2.3500 level.
XRP has historically found it challenging to break through this zone. Price movement over the past few months shows repeated resistance at this level, followed by consolidation in the “Range Support” zone.
Analysts highlighted the recent breakout above the descending red trendline as a strong technical move, pushing XRP into the higher range territory. A sustained move above this zone could indicate a shift toward bullish control.
EGRAG CRYPTO stated that the ideal scenario would be a continued breakout, pushing XRP into the “Valhalla Phase,” the upper region beyond the heavy supply area.
However, the analyst also cautioned that a possible throwback could occur. This would mean XRP might retest the support zone before resuming upward momentum.
XRP Key Zones and Next Price Targets
XRP structure into clearly defined zones. Below $2.00 sits the “Heavy Demand Zone,” which acted as a foundation during past price corrections. Between $2.00 and $2.3500 lies the “Range Support,” where XRP has previously bounced.
EGRAG CRYPTO emphasized the importance of Monday’s trading session, suggesting that it may confirm whether this breakout is sustainable. A failure to hold could send XRP back into the lower range, while successful consolidation above key levels could accelerate upward pressure.
Currently, XRP is trading near the upper boundary of this structure at $2.76, reflecting a 10.6% gain in the past 24 hours. Traders are closely watching the $2.3500 level as a significant pivot. If XRP holds above this level and avoids a pullback, the next target lies within the green “Heavy Supply Zone.” A clean break here could signal the beginning of a new price trajectory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
