XRP Price Must Close Above $2.25 This Week for Bullish Confirmation
XRP has moved above $2, showing signs of bullish momentum. Analyst EGRAG CRYPTO indicates that this week's price close is crucial for confirming a bullish trend.
- XRP's weekly candle is currently above $2.10 and the 21-week Exponential Moving Average (EMA).
- A close above $2.25 is essential to validate recovery from recent price drops.
- This level represents a significant resistance and confirms bullish dominance if surpassed.
- Targets include $2.51, $2.60, and potential Fibonacci extensions up to $2.69.
If XRP fails to close above $2.25, it may reignite bearish trends, potentially leading to price corrections towards $1.96 or lower levels between $1.58 and $1.30.
