So, Ripple‘s XRP, eh? It’s been having a bit of a wobble, hasn’t it? One minute it’s flirting with record highs, the next it’s doing a rather undignified tumble below $3. Almost a 9% dip! Honestly, watching these crypto prices is like trying to predict the British weather – utterly futile, yet we persist. And of course, everyone and their dog is glued to the charts. It’s all very serious business…apparently.
Enter Egrag Crypto, a technical analyst whose name sounds like a minor villain from a science fiction novel, who’s generously warned us that things could get even more…affordable. He suggests we might see XRP sink all the way to a princely $2.65 before it remembers it’s supposed to ‘break out.’ 🤷♂️
XRP: Warning of a Dip to $2.65
Just last week, on August 18th, there was a little flurry of excitement – XRP briefly bounced from $2.97 to $3.10, with trading volume doubling. Impressive, you might think. But then, naturally, it promptly tripped and fell from $3.04 to $2.99. These things always happen, don’t they? It’s the crypto way.
Apparently, the magic number to watch now is $2.90. If XRP manages to close below that on a four-hour chart accompanied by a particularly gloomy red candle, well then, it’s officially a five-wave structure completion. Which, as far as I can tell, sounds deeply unsettling. 👻 This would then presumably open the floodgates for a further slide towards that $2.65 mark. Egrag thinks so, anyway.
And he’s not alone! Ali Martinez, another ‘top analyst’ (they all seem to be ‘top’ analysts, don’t they?), has chimed in with similar concerns. If XRP can’t hold above $3.30, he says, prepare for a swift descent to $2.60. Honestly, it’s starting to sound like a bargain sale. 💸
XRP’s Path to $3.65
But don’t despair, crypto enthusiasts! It’s not all doom and gloom. The charts also hint at a potential comeback. First things first, XRP needs to reclaim the $3 territory, which would signify a return of, erm, strength. Then, $3.13 and $3.20 are apparently checkpoints to prove it’s all going in the right direction. But the *real* party starts if it manages to breach $3.45.
#XRP – MACRO Range ($2.65 – $3.65)
Technical analysis is all about interpreting data and historical patterns. When certain indicators change, we must adjust our perspective without losing sight of the MACRO picture.
Current Insights:
Right now, if #XRP closes below…– EGRAG CRYPTO (@egragcrypto) August 18, 2025
If that happens, Egrag predicts a charge towards $3.65, which could even lead to a new all-time high. One can only dream…or perhaps just check the price every five minutes. 🤓
Market Activity Signals Bullish
Egrag also notes that trading volume is currently above the moving average, which apparently means something exciting is afoot. Traders are positioning themselves, he says, for a ‘major move’ – up *or* down. So basically, no one knows. But they’re positioning themselves!
And, naturally, if there’s any news about an XRP ETF approval, that could really kick things into overdrive. Because, honestly, nothing says ‘financial stability’ quite like a cryptocurrency ETF. 🤦♂️
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2025-08-19 10:53