Egrag Crypto Notifies That $XRP Is Moving, Setting a Price Target on the 12-Hour Time Frame

XRP is showing new strength and respected technical analyst EGRAG Crypto believes that this asset is on the verge of a major breakout. In a recent post on X, EGRAG stated that XRP is "on the move" and is now targeting the important resistance level of $2.30. With XRP currently trading at $2.26, the price is hovering just below this crucial level, indicating that a decisive move may be imminent. Set up technical indicators for an impending breakout The latest chart from EGRAG outlines a strong bullish structure that is clearly defined on the 12-hour timeframe. XRP has been moving in an uptrend channel, creating higher lows and continuously testing the resistance level above. According to EGRAG, a clean close above $2.30 on the 12-hour chart will confirm the breakout from this consolidation zone, potentially unleashing strong bullish momentum. The level of $2.30 is not arbitrary; it marks the convergence of multiple resistance levels that XRP has previously faced with rejection. Breaking through this barrier will indicate that the buyers are gaining full control, setting the stage for the next price surge. EGRAG emphasizes that this is not just a short-term recovery but part of a broader continuation pattern with a solid structure.

Echoes of Fractal 2024–2025 According to a previous report, the current structure of XRP and its movement between November 2024 and early 2025. During the previous phase, XRP surged, retraced, and then entered a period of tight consolidation before continuing to rise. The current price action is following an almost identical trajectory, except this time, the formation process is occurring with greater clarity and strength. XRP continues to hold above key support levels, forming a reliable base for accumulation. Each dip is met with higher buying demand, indicating that demand is quietly building in the background. As volume starts to shift in favor of buyers, technical setups suggest a breakout could occur swiftly when the resistance level of $2.30 is broken. The context of broader emotions While this analysis remains firmly rooted in technical factors, recent developments have improved the market context for XRP Ripple, and the U.S. Securities and Exchange Commission has submitted a new settlement proposal after their initial filing was procedurally rejected. Although a secondary factor compared to chart structure, the decreasing legal uncertainty is helping to bolster the overall market sentiment. The decisive moment for XRP XRP is currently less than 2% away from a decisive level. A confirmed 12-hour close above $2.30 could validate a bullish structure for months to come and unlock the next wave of bullish momentum. Traders are closely watching, knowing that this is not just another resistance level test; it is a potential breakout that could determine the short-term trajectory of XRP.