{"id":6322,"date":"2025-08-03T18:13:10","date_gmt":"2025-08-03T18:13:10","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/xrp-must-hold-2-65-support-or-risk-major-breakdown-analyst\/"},"modified":"2025-08-03T18:13:10","modified_gmt":"2025-08-03T18:13:10","slug":"xrp-must-hold-2-65-support-or-risk-major-breakdown-analyst","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/xrp-must-hold-2-65-support-or-risk-major-breakdown-analyst\/","title":{"rendered":"XRP Must Hold $2.65 Support Or Risk Major Breakdown \u2013 Analyst"},"content":{"rendered":"

XRP prices are down by over 5% in the last day amid a broader price correction in the general crypto market. The prominent altcoin now trades around $2.81 with no indication of a potential pause in selling momentum. While this crisis persists, popular X analyst with the username Egrag Crypto has helped identify the currently crucial support and resistance levels for the market bulls.<\/p>\n

Hold $2.65 Or Risk Collapse, Break $3.12 And Set For Rally
\n<\/strong><\/h2>\n

In an X post<\/a> on August 2, Egrag Crypto shares an interesting technical insight on the XRP market currently undergoing an intense correction wave. According to the renowned analyst, macro analysis indicates the altcoin retains a bullish structure; however, the present price correction can only be terminated via two pathways.<\/p>\n

\"XRP\"<\/p>\n

Firstly, micro price analysis suggests that XRP must achieve a daily price close above $3.12 to signal a market bottom entry. In doing so, the cryptocurrency reclaims a pivotal resistance level, paving the way for a potential rise to higher levels such as $3.60.<\/p>\n

On the other hand, the immediate major support level lies around $2.65. Egrag Crypto explains that a continuous price decline to successfully retest this price floor may ignite a rally, pushing XRP to its current all-time high of $3.84.\u00a0 However, any decisive price break below $2.65 could create a rather dire situation, pointing to potential lows around $2.19.<\/p>\n

XRP Surge To $17 Remains On The Cards<\/strong><\/h2>\n

In other news, Egrag Crypto’s analysis also reveals that XRP remains in a macro, long-term cyclical pattern that shows a multi-year bullish cycle, with recurring structural traits. The key elements in this pattern include bullish pennant formation, which suggests a continuation pattern, the 21 EMA (Green dotted line) that historically aligns with significant trend shifts, the Support Arc (Red line), and the Market Cycle Top (blue line).<\/p>\n

Notably, XRP has since emerged from the bull pennant signaling intentions to maintain its current uptrend. However, the altcoin faces an insurmountable resistance around $3.84, which aligns with an intersection between the mid-cycle top and the 21 EMA line. If XRP can successfully break past this price barrier, investors should anticipate a direct rally to the projected cycle top $17, representing a potential 525% gain on present market prices.<\/p>\n

At the time of writing, XRP trades at $2.81, reflecting a 5.32% decline in the past day as earlier stated. This recent price fall underscores a turbulent trading period for the altcoin, which lost over 11.38% of its market value in the last week. However, a monthly price gain of 22.18% indicates a significant number of investors remain in profit despite these corrections.<\/p>\n

\"XRP\"<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP prices are down by over 5% in the last day amid a broader price correction in the general crypto market. The prominent altcoin now trades around $2.81 with no indication of a potential pause in selling momentum. While this crisis persists, popular X analyst with the username Egrag Crypto has helped identify the currently…<\/p>\n","protected":false},"author":1,"featured_media":6323,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[3096,1097,40,3097,2042,1967,48,49],"class_list":["post-6322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-21-ema","tag-egrag-crypto","tag-xrp","tag-xrp-cycle-top","tag-xrp-resistance","tag-xrp-support","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=6322"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/6323"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=6322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=6322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=6322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}