A prominent market analyst names two key XRP stocks to watch and insists everything in between is pure noise.
XRP’s bullish momentum has stalled at levels above its 2021 high of $1.96. The native XRPL token rose to $2.9097 as part of an uptrend in November, recording a gain of over 100% during the rise.
However, since then, XRP has declined by 25%. Last week, the asset briefly retested below $2 as part of a broader market decline before returning to its current market price.
Amid the market uncertainties, market analyst Eggag Crypto has insisted that it is just noise at the moment. In a current one commentThe expert claimed that XRP’s reaction to two crucial price levels would reveal its next direction.
Two crucial levels to watch
According to Eggag’s analysis, XRP will continue to trend within its current range until it breaks either the upper or lower boundary. The experienced speculator has already been mentioned analysis that XRP has entered micro territory and will maintain a fluctuation between $2 and $2.9 until a confirmed breakout.
Meanwhile, Eggag suggested that a break below $2 would ensure lower prices for XRP. The analyst’s chart shows that a loss of this level will see XRP target $1.64 and likely $1.3700, as another commentator, Dom, has speculated.
Furthermore, Eggag concluded that a rise above $2.65 would trigger a bullish breakout. From there, XRP could rise to higher prices $3 and $5as other analysts expect.
XRP ready to explode
Additionally, market analyst and community expert Gordon insists that XRP is poised to explode despite the recent downtrend. He tweeted that the XRP chart is currently one of the most bullish in…
