XRP has decided to put its best foot forward and is now gracefully hovering above the $2 mark, as if it had just been waiting for the moment to make a grand entrance. Bullish momentum, like a slow-moving snail, is making its way back after a somewhat awkward performance at the end of March and beginning of April. Crypto analyst EGRAG CRYPTO, ever the optimist, believes this week might just be the tipping point where XRP flips into a full-on bullish frenzy (or at least give it a solid nudge). And, as it turns out, how XRP finishes the week is going to be incredibly important—so important, in fact, it might just change the course of history. Or not. 🤷♂️
Now, according to EGRAG’s profound (and probably heavily researched) analysis posted on the ultra-glamorous social media platform X, XRP is currently trying to hover just above the $2.10 level while gently dancing above the 21-week Exponential Moving Average (EMA). But wait—here’s where the magic happens: the real “I’ve made it” moment happens if XRP manages to close the week with a full-bodied candle above $2.25. Because who doesn’t love a full-bodied candle, right? 🍷
Why $2.25 Is Suddenly a Big Deal for XRP?
Ah, $2.25—what’s so special about this level? According to EGRAG, it’s not just another arbitrary price level; it’s the final barricade before XRP’s full recovery. If XRP can break through this fortress, it’ll prove that the sharp drop in March and April was just a “temporary glitch in the matrix,” and that we’re heading towards bullish nirvana. In other words, $2.25 is now the gatekeeper. If XRP can manage to stay above this number, it’s like finally defeating the final boss in a video game. 🕹️
But there’s more! If XRP closes above this magical $2.25 mark, it would be the first full-bodied weekly candle above the 21W EMA in the past month. EGRAG’s chart is practically screaming that bulls might just be back in charge and that April 7’s bottom might have been a solid foundation. The forecast is looking like a tropical vacation, with price targets flirting with $2.51 and $2.60, and Fibonacci extensions even daring to predict the audacious crossing of $3! 🌴🚀
So, should XRP manage to secure a close above $2.25, it might just sit back and enjoy the ride to even higher prices. However, there’s a small hitch. What if XRP fails to meet this crucial price point? Well, that could lead to some rather uncomfortable conversations.
What If $2.25 Fails? Oops, Here We Go Again…
If XRP fails to close above $2.25, EGRAG predicts that we might get a return of all the dreaded bearish narratives. And no one likes those. In fact, there’s talk of something far worse: a “tariff issue” (which is just a fancy way of saying, “We’re back to that old, exhausting economic drama between the US and China”). This could stir the market into a bit of a panic. 😬
In this nightmarish scenario, XRP could retreat back to the ominous $1.96 Fibonacci level or, even worse, plummet to a range somewhere between $1.58 and $1.30. The white box on the chart becomes the new battlefield, where bulls and bears will clash in a spectacle of epic proportions. Grab your popcorn, folks! 🍿
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2025-04-17 00:05