XRP price is predicted to rally to $2.40 by analyst Egrag Crypto, based on a breakout above a descending channel.
Egrag Crypto emphasized the need for XRP to close above $2.40 to target higher levels like $2.55, $2.71, and $2.88, aiming for a new all-time high.
Crypto analyst CasiTrades mentioned that XRP needs to maintain above $2.16 to remain bullish, highlighting the importance of this level in confirming the breakout move.
CasiTrades cautioned that a failure to hold above $2.16 could lead to a deeper downside, potentially dropping XRP to a support level of $1.90.