TimesTabloid
2025-10-02 13:05:44

Rally or Trap? XRP 3-Day Closes Above This Price Hold the Key

The crypto market thrives on defining moments, and XRP now stands at one. With volatility intensifying and Bitcoin reclaiming higher ground, XRP is once again testing levels that could determine whether its current surge matures into a sustainable rally or fades into yet another false dawn. For traders, the next few days may be pivotal in shaping the token’s near-term trajectory. Market Snapshot: XRP Tests the $3 Zone XRP currently trades at $2.97, just below the $3 mark. The token has risen in tandem with the broader crypto market, where Bitcoin’s renewed climb above $118,000 has reignited altcoin momentum. The recent resurgence has drawn attention to XRP as it approaches price levels not consistently tested since 2018. Egrag Crypto’s Key Levels Market analyst Egrag Crypto has spotlighted a set of price thresholds that could determine XRP’s direction. According to his latest post on X, XRP must secure consecutive daily closes above $3.07, $3.13, and $3.30. Crucially, each of these closes must hold for at least three days before being considered solid support. #XRP – Again Same Targets: Closing above : 1️⃣ $3.07 2️⃣ $3.13 3️⃣ $3.30 Each close above these levels has to hold for 3 days to be considered as rigid support. Other than that, it is Bull Trap and my previous lower targets are still a big potential play. pic.twitter.com/GZHJTFRY5p — EGRAG CRYPTO (@egragcrypto) October 2, 2025 Egrag cautions that without this confirmation, apparent breakouts may prove to be “bull traps,” setting up traders for potential downside reversals. The distinction he draws is between fleeting spikes, which often lure in optimistic buyers prematurely, and genuine breakouts that are sustained by volume, liquidity, and conviction. Technical Interpretation Technical analysts widely agree that the $3 region is more than a psychological barrier — it’s also a historical resistance zone where order books thicken and price tends to consolidate. A clean, multi-day close above $3.03 has been described by several trading desks as the minimum threshold for validating XRP’s next leg higher. Should XRP meet Egrag’s three-day confirmation rule, the market could unlock room for expansion, with bullish targets extending toward mid-$3 levels and beyond. Conversely, failure to maintain those closes would likely reinforce bearish narratives, increasing the likelihood of sharp retracements back toward established supports in the low-$2.70s or below. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Trading Strategy and Risk Outlook For short-term traders, Egrag’s analysis provides a conditional playbook: wait for confirmation, respect the three-day rule, and size risk accordingly. In practice, this means treating the $3+ levels not as immediate buy signals but as test points. Stops should be placed strategically below newly confirmed supports to guard against rapid reversals. For long-term holders, XRP’s structural narrative — from Ripple’s ongoing push into institutional settlement to macro liquidity flows favoring digital assets — remains intact. However, execution hinges on short-term technical validation, and ignoring Egrag’s warning could expose investors to unnecessary risk. Discipline Over Hype XRP’s approach to the $3 zone has reignited bullish excitement, but analysts like Egrag Crypto remind traders that discipline is critical. Without confirmed three-day closes above successive resistance levels, any apparent breakout risks collapsing into a bull trap. The coming days may decide whether XRP solidifies a true breakout structure or retraces into familiar lower ranges. Until then, patience and technical rigor remain the trader’s strongest allies. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Rally or Trap? XRP 3-Day Closes Above This Price Hold the Key appeared first on Times Tabloid .

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