XRP Must Push Past $3.40 To Confirm Uptrend – Analyst
XRP Market experienced a major rally on the last day after that SEC accreditation Grayscale XRP ETF padding. Highlights of Altcoin rose 11% to a local peak of $2.81 before experiencing a major buyback to $2.39, according to CoinMarketCap. As XRP rises again, investors must point out that assets must expand certain price barriers to verify their current bullish momentum.
XRP must exceed $3.40 to retain market interest
Popular market analyst Egrag Crypto conducted an interesting analysis of the XRP market. exist X Posts On February 14, cryptocurrency experts pointed out that the third largest cryptocurrency must reach a strong close above $2.75 (marked in green) to maintain its current uptrend.
According to historical data, $2.75 proposes significant resistance levels. If XRP can close on its 4-hour trading chart and occupy this price area, it means that the buyer will gain control of the market after a significant price loss for one month.
After that, Altcoin must reach another price of more than $2.94 (marked in yellow), which will indicate a higher bullish momentum with huge new high potential, such as $3.22. For the XRP market, everyone confirms on these specified price levels, which can enhance the current bullish momentum.
However, Egrag Crypto warns that in the long run, all price movements below the current bull pull peak of $3.40 will remain “noise”. Analysts warn that XRP must exceed this psychological price level to confirm some trend shifts in the upward direction.
XRP Market Overview
At press time, XRP traded at $2.73 after earning 6.43% in the past 24 hours. The trading volume of assets increased by 66.61%, indicating high interest among market participants. On the 7-day chart, XRP has a 13.78% gain and a monthly loss decrease to 8.39%.
In recent price reviews, community sentiment in the XRP market remains highly bullish, especially as A develops Potential XRP ETF. By confirming the application of grayscale ETFs, the SEC’s initial review period is 45 days (which may be extended to 240 days) to approve or reject the proposed ETF.
With Donald Trump’s pro-Crypto agenda implemented, investors are highly positive about the approval, suggesting that Bitcoin field ETFs may flood institutional capital.
