Level: $2.66 – The Must-Break Price
March 20, 2025 by Jhon E. Bermúdez
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<p><span style="font-weight: 400">Crypto analyst </span><a href="https://bitcoinist.com/for-bitcoinist-xrp-set-for-a-massive-1000-surge/" target="_blank" rel="nofollow"><span style="font-weight: 400">Egrag Crypto</span></a><span style="font-weight: 400"> has been analyzing XRP's price movements and recently shared his insights on a potential corrective move for the cryptocurrency. He's pinpointed a key price level that XRP needs to maintain to prevent further dips and instead pave the way for an upward trend.</span></p>
<h2>XRP Needs To Hold Above $2.66 to Sidestep Correction<span style="font-weight: 400"></span></h2>
<p><span style="font-weight: 400">In a recent </span><a href="https://x.com/egragcrypto/status/1902387347137675500" rel="nofollow"><span style="font-weight: 400">post on X</span></a><span style="font-weight: 400">, Egrag Crypto explained that if XRP doesn't manage to close above the $2.65-$2.70 range, it could signal that wave 4 is still in play, potentially pushing XRP downwards into a 5th wave. His analysis chart suggests this corrective move could see XRP drop as low as $1.70, breaking past the critical $2.00 support level. Previously, this analyst had emphasized the $2.65 mark as a crucial point for triggering a </span><span style="font-weight: 400">bullish breakout</span><span style="font-weight: 400">.</span></p>
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<h2 class="jeg_block_title"><span>Related Reading</span></h2>
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<p><span style="font-weight: 400">Egrag Crypto also touched upon the US SEC's decision to drop its long-standing </span><a href="https://bitcoinist.com/historic-win-for-ripple-ceo-confirms-end-sec-case/" target="_blank" rel="nofollow"><span style="font-weight: 400">lawsuit against Ripple</span></a><span style="font-weight: 400">, typically seen as positive news for XRP. While acknowledging this as a significant victory for long-term adoption and the underlying utility of XRP, reinforcing confidence in its use cases, he tempered enthusiasm by stating that the immediate focus should remain on the price charts and numbers in the short term.</span></p>
<figure id="attachment_715475" aria-describedby="caption-attachment-715475" style="width: 512px" class="wp-caption aligncenter"><img data-recalc-dims="1" decoding="async" class="size-large wp-image-715475" src="https://www.newsbtc.com/wp-content/uploads/2025/03/XRP-chart-from-Egrag-Crypto.png?w=512&resize=512%2C208" alt="XRP" width="512" height="208" loading="lazy"/><figcaption id="caption-attachment-715475" class="wp-caption-text">XRP’s key level to watch for a potential uptrend | Source: <a href="https://x.com/egragcrypto/status/1902387347137675500" target="_blank" rel="nofollow">Egrag Crypto on X</a></figcaption></figure>
<p><span style="font-weight: 400">Expanding on this, he mentioned that a price close above $2.66 would be a promising initial signal, with a subsequent close above $2.97 providing further bullish confirmation. According to him, the definitive confirmation of a bullish trend would be a close above $3.40, XRP’s current </span><a href="https://bitcoinist.com/another-major-xrp-surge/" target="_blank" rel="nofollow"><span style="font-weight: 400">all-time high (ATH)</span></a><span style="font-weight: 400">. Breaking through the $3.40 barrier could then propel XRP towards the next targets between $5 and $8.</span></p>
<p><a href="https://bitcoinist.com/xrp-price-forms-bullish-pattern/" target="_blank" rel="nofollow"><span style="font-weight: 400">Crypto analyst CasiTrades</span></a><span style="font-weight: 400"> shares a similar perspective, emphasizing that XRP needs to surpass $3.40 to truly confirm a new uptrend. Until that happens, she suggests market watchers should look for clearer confirmation signals, which may not fully emerge until wave 3 of the market cycle. CasiTrades previously stated that the market is on the cusp of a breakout, and this week, particularly with the Ripple SEC lawsuit developments, could be pivotal, and it appears this is unfolding.</span></p>
<h2>Is a Rally to $5 Already Underway?</h2>
<p><span style="font-weight: 400">Adding to the bullish outlook, crypto analyst </span><a href="https://bitcoinist.com/xrp-extraordinary-moves-0-6049/" target="_blank" rel="nofollow"><span style="font-weight: 400">Dark Defender</span></a><span style="font-weight: 400"> has indicated that an XRP rally targeting $5 might already be in progress, spurred by the SEC's decision to drop the Ripple lawsuit. His accompanying chart suggests XRP could indeed break out towards this $5 target. The projected path includes an initial rally to around $4.40 during wave 3, followed by a correction to $3.70 in wave 4, before ultimately climbing to $5.60 in wave 5.</span></p>
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<h2 class="jeg_block_title"><span>Related Reading</span></h2>
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<p><span style="font-weight: 400">On the other hand, crypto analyst </span><a href="https://bitcoinist.com/xrp-will-never-flip-ethereum/" target="_blank" rel="nofollow"><span style="font-weight: 400">CrediBULL Crypto</span></a><span style="font-weight: 400"> offers a contrasting view, raising the possibility of XRP potentially dipping below $2, even reaching $1.70 before any significant upward surge begins. However, he maintains a long-term bullish stance, predicting that XRP will eventually rally into double digits, regardless of short-term price fluctuations.</span></p>
<p><span style="font-weight: 400">Currently, as of this writing, XRP is trading around $2.45, showing a rise of over 7% in the last 24 hours, according to </span><a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="nofollow"><span style="font-weight: 400">data from CoinMarketCap</span></a><span style="font-weight: 400">.</span></p>
<figure style="width: 2301px" class="wp-caption aligncenter"><img decoding="async" class="size-large" src="https://www.tradingview.com/x/gFMHPLDg/" alt="XRP" width="2301" height="1460" loading="lazy"/><figcaption class="wp-caption-text">XRP trading at $2.4 on the 1D chart | Source: XRPUSDT on <a href="https://www.tradingview.com/x/gFMHPLDg/" target="_blank">Tradingview.com</a></figcaption></figure>
<p>Featured image from Adobe Stock, chart from Tradingview.com</p>
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