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06/17 01:10
XRP Price Hits $1.26 Target as EGRAG Eyes $1.30 Retest
EGRAG says $1.19 must hold to keep bullish structure intact
Losing $1.14 could weaken XRP and reopen downside pressure
XRP Price delivered a textbook technical move after following a series of key levels outlined by analyst EGRAG CRYPTO. The asset held its critical $1.14 support zone, reclaimed resistance at $1.1938, and advanced to the projected $1.2600 target before reaching a local high of $1.2996. At press time, XRP Price traded at $1.22, down 4.28% over the past 24 hours as traders assessed whether the recent breakout can remain intact.
XRP Price Achieves Key Targets as Bullish Setup Plays Out
The recent XRP Price rally began after buyers successfully defended the $1.14 support area. This zone acted as a battleground between bulls and bears and prevented a deeper decline toward lower support levels.
According to EGRAG CRYPTO, once support was held, the market advanced toward $1.1938. The breakout above that level confirmed growing buying pressure and opened the path toward the next major objective. Shortly afterward, XRP Price reached the anticipated $1.2600 target and briefly extended gains to $1.2996.
The move reinforced confidence among traders following the structure. From my coverage of crypto markets, assets often experience pullbacks after hitting significant resistance zones, particularly after rapid advances.
XRP Price Faces Crucial Test at $1.19 Support Level
Attention has shifted to support levels. The most important area currently sits near $1.19. Analysts believe maintaining this level would preserve the bullish market structure established during the recent breakout.
If XRP Price remains above $1.19, traders could look for another attempt toward the $1.30 region. This level now serves as the next major resistance area after the recent rally.
However, failure to hold support may increase downside risks. A break below $1.19 could trigger a retest of lower zones, while a move beneath $1.14 would weaken the broader setup. Market participants are also watching the nearby XRP support level around $1.21.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
The post XRP Price Hits $1.26 Target as EGRAG Eyes $1.30 Retest first appeared on Coin Crypto Newz.
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