Crypto analyst EGRAG remains confident in XRP’s bullish setup, stating that the asset is maintaining a solid double bottom structure—as long as price stays above the $2.07 support.
In a June 6 update, EGRAG reaffirmed that nothing has changed structurally, despite recent downside. The key level to watch is $2.30 on the 3-day chart, which, if broken decisively, would activate the double bottom pattern and open the path toward $2.65 and even $3.00 price targets.
“The structure remains strong… a close above $2.30 confirms the pattern and unlocks higher targets,” EGRAG noted.
The analyst also warned that three consecutive daily closes below $2.00 could invalidate the pattern and signal structural failure. For now, the bullish outlook stays intact, with EGRAG pointing to repeated support bounces near the $2.09–$2.14 region and the critical 21 EMA.
April Low Remains Key Reference Point
A key level highlighted on EGRAG’s chart is the April 7, 2025 low, which he expects will be retested before XRP resumes its next major leg higher. “This should be the bottom on the 3-day time frame,” the chart notes.
EGRAG also cautioned traders not to be shaken out by short-term moves, writing:
“The market loves to shake you out before the move.”
With strong bullish defense holding above $2.07, the technical picture suggests XRP could be on the verge of a breakout, provided buyers can push above the $2.30 threshold.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/crypto-expert-predicts-xrp-surge-if-key-resistance-breaks/