XRP is currently required to maintain the critical support level at $2.50 to sustain its bullish momentum, according to recent technical analysis.
The analyst notes that a failure to stay above $2.50 may lead XRP to potentially dip towards $2.42, with $2.20 being identified as the crucial macro support level that must not be breached to preserve the current bullish structure.
EGRAG, who previously predicted the breakout on May 10th, identified $2.65 as a confirmation zone, a prediction that has already come to fruition.
Traders are advised to remain vigilant as XRP navigates through these support levels amid the volatility in the broader crypto market.