The XRP price has been exhibiting a complex pattern of consolidation and 
retracement for weeks. However, according to prominent market analyst Egrag 
Crypto, there’s a critical signal to watch for that could determine whether 
the cryptocurrency’s bullish narrative remains intact or not. The expert’s 
analysis, shared on X social media, highlights that the behaviour of XRP’s 
3-day candles could soon decide the direction of its next major move. XRP 
Price Integrity Hinges On 3-Day Candle Closes Below $2 In his post on X, Egrag 
Crypto explains the “measured move breakdown” for XRP, identifying a key 
technical formation in the form of a descending triangle that, based on its 
structure, points to a potential move toward $2.14. The accompanying chart 
shows XRP hovering between $2.40 and $2.60, with multiple retests of the same 
price levels over the past few months. Despite the brief wick to the downside, 
Egrag Crypto suggests that the structure continues to indicate consolidation 
within the range. Related Reading: Here’s How High The XRP Price Would Be With 
The Market Cap Of Bitcoin The analyst reiterates that $2.65 remains a critical 
price target for XRP. If the cryptocurrency breaks and sustains above it, he 
predicts that it could regain upward momentum, potentially paving the way for 
renewed bullish sentiment. However, failure to hold current levels around $2.5 
might expose XRP to deeper retracements, particularly if 3-day candles start 
closing below the $2.00 to $1.91 range. Egrag Crypto warns that this specific 
candle behaviour is concerning, as it could signal a structural breakdown of 
XRP’s market cycle. It could also invalidate his bullish thesis, suggesting 
that the recent peak near $3.65 may have been the cycle top. Additionally, the 
analyst’s chart shows XRP’s price action hovering above the 200 Exponential 
Moving Average (EMA), serving as a long-term support level. Should XRP 
maintain its position above this moving average, Egrag Crypto asserts that the 
cryptocurrency’s bullish setup remains valid. He noted that the next 60 to 90 
days are expected to be crucial, as XRP’s reaction around the levels mentioned 
above could define the trajectory of the rest of the year. XRP Faces 57% 
Chance Of Breaking To A New ATH In a separate analysis, Egrag Crypto 
introduced a 57% to 43% probability model, sharing his broader perspective on 
XRP’s potential price direction in the short term. He stated that there is a 
57% probability that XRP could break into a new all-time high in the coming 
months. He also sees a 43% chance that the cryptocurrency could decline 
significantly, offering traders another opportunity to accumulate it at a 
price below $1. Related Reading: Market Strategist: What You Should Expect For 
The XRP Next Leg While the probabilities of XRP’s near-term price favor a more 
bullish outcome, the bearish case remains plausible given the lingering 
macroeconomic uncertainty and overall crypto market volatility. Egrag Crypto 
notes that he is personally positioning himself toward the bullish scenario, 
aligning his expectations with the 57% chance of a major price breakout. 
Featured image from iStock, chart from Tradingview.com

Analyst Says Be Concerned About XRP Price When This Starts Happening To 3-Day Candles

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