XRP (XRP), the drama queen of the crypto world, is once again caught in its beloved soap opera of support and resistance levels. Trading sideways between $2.85 and $2.30—kind of like being stuck in an undecided Tinder chat—this digital darling is causing sleepless nights for analysts and FOMO-afflicted investors alike. The SEC’s passive-aggressive nod to XRP ETF filings has only added to the suspense. Meanwhile, XRP recently flirted with $2.60 because, clearly, it enjoys teasing us. 💅
XRP price ascending triangle targets $3.20
Egrag Crypto, an XRP oracle—and I use that term generously—claims we’re dealing with an ascending triangle situation. Apparently, in crypto-chart reading, geometry is destiny. 🡕📐
To Egrag, it’s simple: XRP needs to “close above the apex” at $2.75. The apex in non-geek speak? That’s where impatient investors and hopeful maximalists are currently biting their nails.
“Closing above this level will provide bullish confirmation to continue the upward trajectory, with a measured target of $3.20,” he said, likely with a strong coffee and equally strong optimism.
Translation: If XRP behaves itself and hits $3.20, your portfolio might finally look Instagram-worthy. Gains? Up to 20%. 🚀
Let’s not break out the champagne glasses just yet, though. Egrag warns of a potential “bull trap.” I assume this involves unwitting traders walking into a virtual financial booby trap while texting “Buy XRP” to their cousins.
“Wave 2 in the macro Elliott Wave count” will supposedly wrap up mid-March, setting the stage for Wave 3—because who doesn’t love a good trilogy?
“Wave 3 is still ahead… so remember, you may not be bullish enough yet!” he added, as if participating in a multi-level marketing pitch.
Even pseudonymous analyst Dom chimed in, saying XRP has to flip $2.80 into support—because apparently crypto charts love gymnastics metaphors—before even dreaming about $3.00.
Fellow analyst CasiTrades threw in: “Key resistance at $2.82” (yay, specificity 👏), adding that $3 remains another “major barrier.” In crypto, every level is a life-or-death moment with active angst levels rivaling teenage diaries.
“A breakout above $3 would signal a much larger move,” which presumably would either be a bull run—or another excuse to buy dip-colored hoodies.
XRP liquidity remains above $2.85
Since Feb. 3, XRP has been consolidating sideways. Think of it as a vacation house guest who doesn’t leave but also doesn’t bring gifts. 🏠
The stalemate at $2.85—XRP testing it not once but twice—is like that one colleague who hovers near the office fridge, uncertain whether to steal your lunch.
Break above $2.85, grab that liquidity, and XRP just might rise to $3.20, showering investors in sweet green pixels of joy. Break below $2.30, however, and 🚨 this party is officially over.
Meanwhile, with SEC cautiously signaling their approval for XRP ETFs, hopes are bubbling like champagne flutes at New Year’s Eve. Anonymous crypto loudspeaker Polly even prophesized a “god candle” carrying XRP to $6.00. Because, you know, one can dream. 🌠
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2025-02-21 13:41