Has the XRP price rise ended? Key price levels to watch in the future.

XRP continues to remain in the red, fluctuating around the $2.3 mark over the past few weeks. This stagnant Volatility has raised concerns among market participants, with many predicting that the bullish trend of Ripple may come to a halt. In this context, a well-known expert has highlighted the important price levels of the asset. According to him, breaking through the significant resistance level could trigger a bullish move into double digits, but if it slips below the important support level, the bullish XRP trend could come to an end. XRP Price: Important Levels to Watch in the Future The price of XRP has recorded a decrease of 0.5% today and is trading at $2.28, after dropping to a low of $2.23 in the past 24 hours. Notably, the trading volume of this cryptocurrency has surged by 26% to $2.6 billion, with a daily high recorded at $2.31. The Ripple currency has lost more than 5% in the past seven days and is trading close to a sideways level on the monthly chart. Additionally, the open interest in XRP futures has also decreased by more than 2%, reflecting a weakening risk appetite among investors.

In this context, the renowned expert EGRAG CRYPTO has shared important insights about the potential future moves of this cryptocurrency. Therefore, here we will explore key price levels and how they could determine the fate of Ripple in the future. The price of XRP at the time of decision The famous cryptocurrency analyst EGRAG CRYPTO recently highlighted the long-term XRP price chart on X, revealing a rare bullish pattern for this asset.

According to the analyst, the annual candle labeled "Candle 12" marks the "strongest Bullish Engulfing pattern." He notes that this "engulfing process" begins from "Candle 5" and extends to "Candle 11," forming a stable bullish trend across higher time frames. Meanwhile, EGRAG CRYPTO explains that this candle closed higher than the previous candle, indicating a bullish sign. On the annual chart, these formations are considered extremely positive, signaling a strong long-term trend change. He emphasized that "only a few understand" how rare and important this is, especially when seen over such extended periods. These sets could trigger a major move if key price levels hold in the coming days. Is it possible for the price to rise to $22? The analyst noted that the "Candle 13" indicates a potential bullish signal. He compared this to the strong 800% increase in the price of XRP in 2021 and applied the same percentage rate, noting that Ripple's coin could reach $17 in this cycle.

Exactly, the target is between the two main resistance levels of 13 dollars and 22 dollars. Additionally, he even predicts that the price could increase further if the cryptocurrency surpasses these main resistance levels and the bullish momentum is maintained. Warning: The bullish trend of XRP may end if it loses this support level. In the context of bullish forecasts, boosting optimism among long-term holders, the expert highlighted key price levels that investors should monitor in the future. He noted that any level between $1.85 and $3.4 is merely "noise." According to EGRAG CRYPTO, if the price of XRP drops below $1.85 on the annual chart, the bullish trend could come to an end. However, if it surpasses the $3.40 level, it could help the cryptocurrency witness double-digit gains. However, investors are advised to exercise caution before betting on this asset. What comes next? The recent price consolidation phase of XRP has raised concerns among traders. Despite numerous catalysts, this cryptocurrency has been unable to break out and has recently fluctuated around the $2.3 mark. To gain a better understanding, the recent development of the U.S. Securities and Exchange Commission (SEC) officially beginning to evaluate WisdomTree's ETF XRP application has garnered significant attention from investors. On the other hand, VivoPower listed on Nasdaq has announced plans to raise 121 million dollars to build an XRP Reserve Strategy. However, despite the developments, the price of XRP has not shown any significant volatility. Considering this, investors are closely monitoring the price movements of the asset. Especially if XRP continues to remain in the red and loses the support level of 1.85 dollars, this could mark the end of the bullish trend for the asset.