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XRP Approaches Key Decision Zone, Maintains Bullish Price Structure
Market analyst Egrag Crypto assesses that XRP's price structure remains bullish, despite struggles to surpass the $2 mark. Key points include:
- XRP is approaching a decision zone between $2.30 and $2.40, indicating potential for a significant move.
- The 3-day chart shows signals of easing selling pressure with the 50 Exponential Moving Average (EMA) flattening.
- The 200 EMA continues to rise, suggesting a bullish macro trend.
- XRP holds above the EMA cluster, maintaining structural strength.
- A clean 3-day close above $2.40 could signal a breakout, potentially leading to levels of $2.70 and $3.13.
- If rejected at resistance, XRP may remain range-bound but still considered bullish if it stays above $2.0.

However, risks include:
- If XRP drops below $2, it may invalidate the bullish outlook, risking a decline to $1.65 (17.5% drop).
- A further fall below $1.65 could result in a crash towards $1.0, approximately a 50% decrease from $2.1.
