XRP bulls are eyeing a decisive breakout—but they need one key closing level to confirm dominance.
The Make-or-Break Level
For XRP to shift momentum firmly into bullish territory, it must secure a weekly close above a specific resistance barrier. That number—straight from the charts—is the line in the sand separating consolidation from a potential rally.
Market mechanics suggest that clearing this hurdle could trigger a wave of buying, pushing prices toward higher targets. Until then, traders remain cautious, watching for confirmation rather than speculation.
Timing and volume will be everything. A weak close just above the level might not cut it—genuine conviction requires strong follow-through. Otherwise, it’s just another fakeout in an asset famous for teasing breakouts.
And let’s be real—since when has crypto ever made it easy? If traditional finance overcomplicates everything, crypto overpromises. But this time, the chart doesn’t lie. Hit the close, and the bulls are back in charge. Miss it, and it’s just more range-bound agony.

XRP 1D Chart | EGRAG Crypto
However, despite closing above the $2.94 level highlighted by EGRAG, XRP has not yet pushed above the 33-day SMA. Recall that this is the second condition necessary for the arrival of the bulls. This 33-day SMA, which stood at $2.9962 yesterday, mounted resistance to the upward push, preventing XRP from crossing the $3 psychological mark.
Currently, the 33-day SMA sits at $2.9853, while XRP trades for $2.9616. EGRAG's analysis suggests that XRP must cross above the $2.985, aligning with the 33-day SMA, essentially reclaiming the $3 mark before the market can see signs that the bulls are regaining control.
According to the analyst, should this happen, XRP
WOULD be on track to finish the throwback. He confirmed that if the market takes this direction, then the $2.7 low from Sept. 1 would represent the bottom of the latest correction or throwback.
Further Conditions and the Go-Go Signal
He then suggested that after XRP breaches the 33-day SMA, a subsequent development that would further confirm that the market is flipping bullish is a push above the 55-day SMA. Currently, this moving average sits at $3.066, and represents the next pivotal level just after the 33 SMA.
Meanwhile, EGRAG identified the $3.4 price level as the final level to breach for the bulls to take full control. He called this region the "Go-Go Signal," aligning with the previous January 2025 peak from which XRP slumped into a months-long consolidation. EGRAG believes XRP will have a full launch once it breaks above the level. Data from his chart shows he sets an initial target above $4.2.
However, he warned of the possibility of continuing the ongoing throwback despite the recent recovery effort. According to EGRAG, if XRP shows weakness within the $2.94 to $3 level, which it now trades at, the correction will likely continue.
Interestingly, as conditions continue to improve, market watcher Gordon is rather bullish on XRP. In his recent commentary, he pointed out that XRP has consolidated around its current position for a long time, and a push to $6 will likely emerge.
https://twitter.com/AltcoinGordon/status/1964935086236897686