Add as a preferred source on GoogleEgrag Crypto Sets $1.30 Daily-Close Test for XRP Trendline Breakout
His chart marks $1.27 as support and lists three resistance levels above $1.30, including $1.3884.
Crypto analyst Egrag Crypto’s XRP chart sets a $1.30 daily close as the threshold for clearing a descending trendline, with $1.27 marked as nearby support.
The chart connects lower highs from XRP’s decline from September price levels and marks four earlier interactions with the trendline. Egrag Crypto’s analysis identifies the latest move as a potential fifth touch.
A Nov. 4 chart showed XRP around $1.307, above the $1.30 threshold. Egrag Crypto’s stated test is a daily candle close above that level; an intraday move past it alone would not confirm a breakout.
The chart lists resistance at $1.3234 and $1.3551, then $1.3884, which Egrag Crypto labels the “Zone of Confidence.” The analyst’s setup calls for XRP to retest former resistance and hold it as support before attempting further gains.
TokenPost previously covered a separate XRP daily-close test for descending resistance, which analyst Steph Is Crypto placed at $1.31.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.