XRP Trading Near $2.67 Faces Resistance at $3.00
Crypto analyst Egrag Crypto has provided insights on XRP's price trajectory, detailing both short-term and long-term targets:
- Short-term target ranges from $4–$6
- Long-term projections suggest $33–$60
- XRP currently trades at approximately $2.67, facing resistance between $2.75 and $3.00
- A monthly close above $3.00 could indicate a bullish continuation
- Key Fibonacci levels include $4.30 (Fib 1.414) and $6.40 (Fib 1.618)
- If resistance at $3.00 is not breached, a correction to the $1.90–$2.00 region may occur
- A drop below $1.90 could lead to a bearish sentiment and a potential decline to $0.90–$1.00
- Long-term outlook shows three parabolic arcs suggesting a bullish structure
- Additional Fibonacci checkpoints identified at $8, $13, $27, and $67
- Volume and momentum will be crucial for confirming upward movement
Current trading conditions indicate that XRP's price action around $3.00 will be critical in determining future trends.
