XRP Faces Key Test as 50 EMA Targets $2.77, Analyst Warns According to renowned market analyst EGRAG CRYPTO, XRP may soon face a critical technical crossroads. The analyst points to the 50-day Exponential Moving Average (EMA) aligning near $2.77, a level that could determine whether the asset sustains its broader bullish structure or faces short-term downside pressure. EGRAG notes that if XRP fails to hold above this zone, a retest of $2.65 becomes highly likely. While this scenario may not be what bullish investors want to hear, he emphasizes that $2.65 remains the most critical level in defining XRP’s next major move. “I know you might be tired of hearing me state $2.65,” EGRAG remarked , “but this level remains the most critical zone for our upcoming bull run.” XRP faces a critical juncture as it consolidates above $2.70. With RSI signaling neutrality, traders are focused on key moving averages, especially the 50 EMA, which has become a technical battleground as it converges with current price action. Notably, XRP’s bullish outlook hinges on holding above $2.77 and fending off a slide toward $2.65. Sustained strength here could fuel another push at the stubborn $3.20 barrier. A breakout above this level would clear the path for a $3.65 retest and potentially reignite the broader uptrend. Nevertheless, failure to hold $2.65 could erode investor confidence, hand control to the bears, and trigger deeper corrections, delaying hopes of a sustained bull run. At the time of this writing, XRP was trading at $2.87 per CoinGecko data . XRP Ledger Recognized as a Global Payment and Settlement System, Says Market Expert Pumpius According to market expert Pumpius, a recent statement published in the Federal Register has reaffirmed the significance of the XRP Ledger (XRPL), describing it as “a global real-time payment and settlement system.” This recognition underscores the growing role of XRPL in reshaping financial infrastructure and highlights its alignment with the future of cross-border payments. The Federal Register’s description is more than a technical note, it signals acknowledgment from an authoritative source that XRP’s underlying technology is not merely a digital asset ledger, but a comprehensive global settlement mechanism. Unlike traditional financial systems that rely on intermediaries and delayed processing, XRPL is designed for near-instantaneous transfers, low costs, and seamless interoperability across borders. The XRP Ledger’s strengths lie in its scalability and sustainability. Capable of handling 1,500 transactions per second with settlement times under five seconds, it has been engineered to outperform traditional systems like SWIFT, which can take days to process cross-border payments. Moreover, its consensus mechanism is energy-efficient, addressing growing concerns about blockchain’s environmental impact. Therefore, this recognition comes at a pivotal moment for XRP. With legal clarity secured and institutional interest rising, XRP is gaining traction as a bridge currency connecting global financial systems. As remittance flows approach $800 billion annually, the XRPL’s ability to cut costs and streamline cross-border payments offers a powerful value proposition for banks, payment providers, and enterprises. Conclusion The Federal Register’s recognition of the XRP Ledger as a global real-time payment and settlement system is more than symbolic, it signals a pivotal shift in institutional perception of blockchain. For XRP, it underscores its utility-driven design and cements its position as a leading contender in reshaping global finance. Meanwhile, XRP’s near-term outlook depends on the $2.65–$2.77 zone. Holding above it preserves the bullish setup for a push at higher resistances, while a breakdown risks a deeper correction that could stall the rally.
