XRP News: Analyst Highlights Critical Level at $2.65, Discusses Future Price Prospects

In a recent price analysis, a prominent crypto analyst has shed light on the critical level for XRP, hinting at potential future price movements. Here’s a closer look at the analyst’s insights and what they mean for XRP investors.

XRP Price Analysis: $2.66 Is Critical Level

Crypto analyst Egrag Crypto has discussed the possibility of the XRP price seeing another corrective move. He revealed that if XRP fails to close above the $2.65 to $2.70 range, it could drop to as low as $1.7, breaking the crucial $2 support level. The analyst highlighted $2.65 as being critical for a bullish breakout, suggesting that staying above this level is essential to avoid further downside pressure.

Can XRP Overtake Ethereum? XRP Price Surges 13% After SEC Case Win

The XRP price surged 13% after winning the SEC lawsuit, making it a dominant topic in the ’best crypto to buy’ conversation. It has become the third largest cryptocurrency, overtaking Solana, and speculators are now eyeing Ethereum’s spot. Since November, XRP has grown over 300% in market share, while Ethereum has lost over 35%.

XRP Breakout to $20+ Imminent: A Technical Analysis

A recent analysis by @amonbuy predicts that XRP could see a significant price breakout to $20 or more. The prediction is based on a technical analysis showing a double bottom pattern, which has historically signaled bullish trends. The first double bottom appeared from 2014 to 2016, followed by a massive upward move. A similar pattern emerged from 2017 to 2021, indicating a long-term bullish outlook for XRP.

Bitnomial Launches CFTC-Regulated XRP Futures Product

Bitnomial has officially launched the first-ever US XRP futures product regulated by the Commodities Futures Trading Commission (CFTC). The physically settled XRP/USD futures are now trading, offering real asset delivery, stronger price discovery, and full CFTC regulatory compliance. Current clients can access the product through their existing FCM links, while potential clients can sign up with one of Bitnomial’s futures commission merchant (FCM) partners: R.J. O’Brien and Associates, Marex Capital Markets, Inc., or Bitnomial Clearing LLC.