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XRP Price Analysis: Retest or Breakout on the Horizon?

  • Crypto analyst Egrag Crypto assesses XRP's potential for retesting support levels or experiencing a bullish breakout.
  • XRP needs daily candle closes above key resistance levels like $2.20, $2.30, $2.34, $2.48, and $2.65 for bullish momentum.
  • Failure to close above $2.20 could lead to retesting support at $2.08 and $2.04, potentially sparking renewed buying interest.
  • Maintaining a bullish outlook requires XRP not to close below critical support levels: $2.04, $1.90, and $1.71.
  • A close below these support levels could lead to a bearish trend, signaling a shift in market sentiment and downside pressure.
  • Traders and investors are advised to monitor XRP's daily closes against these defined levels for insights into its future direction.

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