XRP is showing renewed strength, and respected technical analyst EGRAG Crypto believes the asset is on the verge of a major breakout. In a recent post on X, EGRAG stated that XRP is “on the move” and has now set its sights on a crucial resistance at $2.30. With XRP currently trading at $2.26, the price is hovering just below this key level, signaling that a decisive move could be imminent. Technical Setup Signals Imminent Breakout EGRAG’s latest chart outlines a strong and clearly defined bullish structure on the 12-hour timeframe. XRP has been moving within a rising channel, printing higher lows and repeatedly testing overhead resistance. According to EGRAG, a clean close above $2.30 on the 12-hour chart would confirm a breakout from this consolidation zone, potentially unleashing strong upward momentum. The $2.30 level is not arbitrary; it marks the convergence of multiple resistance points where XRP has previously faced rejection. Breaking through this barrier would indicate that bulls are gaining full control, setting the stage for the next leg up. EGRAG emphasizes that this is not just a short-term bounce but part of a broader, well-structured continuation pattern. #XRP – On The Move – Target to close above it is $2.30 pic.twitter.com/wf3aAJZuF5 — EGRAG CRYPTO (@egragcrypto) June 16, 2025 Echoes of the 2024–2025 Fractal According to a previous report , XRP’s current structure and its movement between November 2024 and early 2025. During that earlier period, XRP surged, retraced, and then entered a phase of tight consolidation before resuming its climb. The current price action is following a nearly identical path, only this time, the formation is unfolding with greater clarity and strength. XRP has consistently held above key support levels, forming a reliable base for accumulation. Each dip has been met with higher buying interest, suggesting that demand is quietly building behind the scenes. As volume begins to shift in favor of buyers, the technical setup points to a breakout that could come swiftly once the $2.30 ceiling is breached. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Context on Broader Sentiment While this analysis remains firmly rooted in technicals, recent developments have improved XRP’s market backdrop. Ripple and the U.S. Securities and Exchange Commission have submitted a new proposed settlemen t, following a procedural rejection of their initial filing. Though secondary to the chart structure, the reduced legal uncertainty is helping reinforce overall market confidence. A Defining Moment for XRP XRP is now less than 2% away from the decisive level. A confirmed 12-hour close above $2.30 could validate months of bullish structure and unlock the next wave of gains. Traders are watching closely, knowing that this isn’t just another resistance test; it’s a potential breakout that could define XRP’s short-term trajectory. 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. Follow us on Twitter , Facebook , Telegram , and Google News The post Egrag Crypto Says XRP is On the Move, Sets Price Target on 12-Hour Time Frame appeared first on Times Tabloid .
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