Analyst Unveils XRP's Upcoming Major Goal

XRP's Price Target: Market analyst Egrag Crypto identifies a key target for XRP, aiming for a daily close above the $2.96–$3.03 range to shift momentum towards bullish trends.

Importance of Daily Closes: Achieving this price range on a daily closing basis would indicate that buyers have absorbed selling pressure, reducing the risk of false breakouts and signaling sustainable upward momentum.

Current Trading Dynamics: XRP has been fluctuating between high-$2 and low-$3 levels, with recent attempts to reclaim the $3 mark showing strong trading volume, indicating robust market participation.

Future Considerations: A decisive close above $2.96–$3.03 could lead to higher resistance levels around $3.40–$3.65, while failure to do so may result in continued consolidation or a pullback toward $2.65–$2.70.