XRP Hits Critical 100 EMA Level as Analyst Sees Possible Breakout
A prominent crypto analyst has been tracking XRP's price action across multiple market cycles and believes the asset is currently facing a critical test at the 100 EMA level.
According to EGRAG CRYPTO, this technical level has played a pivotal role in XRP's previous bear cycle, and its current performance could determine whether the macro bottom is already in or if another dip remains ahead.
The analyst notes that XRP has been testing the 100 EMA for several days, trading around $1.38 at the time of writing, and requires a three-day close above this level to confirm the cycle bottom.
If XRP successfully closes above the 100 EMA, EGRAG CRYPTO predicts the next reclaim level could be $2.27, followed by a macro breakout target of $3.85, representing a new all-time high for XRP.