Well-known market analyst Egrag Crypto has set a clear near-term objective for XRP: securing a daily close above the $2.96–$3.03 range. According to his latest analysis shared on X, this level represents a decisive threshold that could shift momentum in favor of the bulls and open the door to higher resistance zones.
For traders closely watching XRP’s price structure, this call provides a concrete reference point in an otherwise volatile market.
Daily closes carry more weight than intraday spikes because they reflect consensus across a full trading session. By reclaiming $2.96–$3.03 on a closing basis, XRP would demonstrate that buyers have absorbed selling pressure and flipped a key resistance into support.
This kind of technical confirmation reduces the risk of false breakouts and gives traders a stronger signal that momentum is turning sustainably upward.
#XRP – Closing Above $2.96-$3.03 is the next objective on Daily Time Frame: pic.twitter.com/SGR6PB7LLy
— EGRAG CRYPTO (@egragcrypto) August 21, 2025
XRP has been oscillating between the high-$2 and low-$3 range. It briefly pushed to $3.09 before retracing to around $2.89, highlighting the tug-of-war between buyers and sellers. Importantly, recent attempts to reclaim the $3 level have been accompanied by higher-than-average volume, showing that participation is robust and not limited to thin retail-driven rallies.
The $2.96–$3.03 band aligns with several technical markers, including moving averages and the upper boundary of a consolidation wedge. A decisive close above this cluster could pave the way toward the $3.40–$3.65 zone, where Fibonacci extensions and weekly supply levels converge.
On the flip side, failure to break above this resistance may keep XRP rangebound and even expose it to a pullback toward $2.65–$2.70.
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For traders, patience and confirmation are key. A daily close above $3.00 backed by strong volume would be the strongest signal of continuation. Conservative market participants may wait for a retest of the breakout zone to confirm it as support before entering positions.
Meanwhile, those anticipating volatility should be mindful of leverage-driven “stop hunts” that often occur near critical technical levels.
This setup for XRP comes at a time when liquidity across digital assets continues to deepen. Institutional participation and the growth of derivatives markets have made technical breakouts more meaningful, attracting larger flows than in previous cycles.
CoinDesk recently reported that trading volumes surged significantly during XRP’s latest push to $2.99, reinforcing the importance of this level. Egrag has also noted that while the daily close above $2.96–$3.03 is the immediate focus, a monthly close above $3.30 would serve as a higher-timeframe confirmation of a structural breakout.
Egrag Crypto’s analysis boils down to a simple but crucial benchmark: a clean daily close above $2.96–$3.03. If achieved, this could mark the beginning of XRP’s next bullish leg toward higher resistance zones. If not, consolidation is likely to continue until a stronger catalyst emerges. For traders, this range now represents the line in the sand — and the market’s next big test.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post Analyst Reveals XRP’s Next Big Objective appeared first on Times Tabloid.
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