XRP Faces Crucial Test at $1.40-$1.41 as Analyst Warns of Breakdown from $1.50

Crypto analyst Egrag Crypto is closely watching XRP's price action around the $1.40, $1.41 range, which he believes will provide an important test for the cryptocurrency.

In his latest analysis, Egrag Crypto warns that the breakdown from $1.50, which he previously warned about, appears to be unfolding.

To hold this level and potentially recover key resistance levels above $1.41, XRP would need to strengthen its short-term structure outlined in the analyst's chart.

Egrag Crypto identifies two possible paths from the $1.40, $1.41 zone: a strong bounce followed by a close above $1.55 could establish a local bottom and support bullish continuation, while a weak reaction combined with continued rejection below $1.55 would make the mid-channel near $1.22 increasingly relevant.