**XRP Needs to Reclaim Key Levels to Restore Bullishness**
*Written By: Sam Wisdom Raphael | Follow TheCryptoBasic*
Last month and earlier this month, the XRP market was predominantly bullish, with XRP holding firm above the $3 psychological price level. As a result, most analysts, including EGRAG Crypto, leaned toward a bullish bias.
### XRP Breaks Down from Symmetrical Triangle
EGRAG confirmed this bullish bias in a previous analysis from September 13, in which he identified a symmetrical triangle that XRP had formed since the drop from the $3.66 peak in July. At the time, EGRAG noted a 50/50 chance of a breakout to either the upside or downside, although he leaned toward the upside.
As September came to a close and the market shifted into the “Uptober” phase, XRP’s technical outlook looked stronger than ever—until October 10, when the broader crypto market experienced an unexpected flash crash. This event led to XRP breaking downward, as it briefly slumped below the $2 psychological mark.
Despite a quick recovery above $2, XRP remained below the lower trendline of the symmetrical triangle and struggled even to reclaim the mid-point of the $2 level.
### Update on Technical Outlook: A “Total Failure” of the Expected Breakout
In light of current market realities, EGRAG recently provided an update to his September analysis. According to him, what he had expected to be a breakout of the symmetrical triangle turned out to be a “total failure.” While he initially leaned toward an upward breakout, he acknowledged the possibility of a downside breakout all along.
### Key Levels to Watch
Following the downward breakout, EGRAG identified three important price levels that investors must monitor carefully:
– **Critical Support at $2.20:** EGRAG emphasized that XRP must not close below this level on the 3-day timeframe to avoid further bearish momentum.
– **Bullish Signal Zone between $2.55 and $2.65:** A close above this range on the 3-day timeframe would send a strong bullish signal according to the analyst.
– **Breakout Confirmation at $3.20 to $3.40:** Surpassing this zone could set the stage for a rally toward new all-time highs. The last time XRP reached this area was in early August.
While EGRAG did not explicitly state any new all-time highs, his chart projected a potential run to $4.20 if XRP manages an upward breakout from the symmetrical triangle.
Moreover, EGRAG has persistently suggested that XRP could be on a path toward a $27 price target, representing an approximate 997% increase from the current price of around $2.46.
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### Disclaimer
This content is for informational purposes only and should not be interpreted as financial advice. The views expressed in this article reflect the author’s personal opinions and do not represent The Crypto Basic’s official stance. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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### About the Author
**Sam Wisdom Raphael** is a seasoned crypto news writer and journalist with over 5 years of experience covering blockchain, DeFi, and cryptocurrency developments. Sam’s active presence in the crypto community complements his deep understanding of the space, enabling him to produce clear and comprehensive price analysis reports and demystify complex blockchain concepts.
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### Additional Market Insights
– **Market Veteran Targets XRP Rally to $4.50:** Experienced analyst CasiTrades reports XRP is heating up following a bullish breakout, eyeing a target rally to a new all-time high.
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– **Buyout Estimate for Retail XRP Holders:** An XRP community pundit estimates the buy pressure required to clear retail XRP holdings.
– **Potential XRP Price Boost from IoT Transactions:** XRP could see higher prices if IoT devices run 100 million transactions daily on the XRPL.
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– **Dogecoin Parabolic Phase Targeting $1.50:** Expert analyst Trader Tardigrade expects Dogecoin to enter a parabolic phase with higher gains ahead.
– **Dogecoin Pattern Suggests Potential Move to $0.29:** An analyst highlights a promising pattern that may lead to increased prices.
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Stay tuned for more updates and detailed analyses on the crypto markets here at The Crypto Basic.
https://thecryptobasic.com/2025/10/20/analyst-identifies-next-level-xrp-must-reclaim-to-recover-on-3-day-time-frame/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-identifies-next-level-xrp-must-reclaim-to-recover-on-3-day-time-frame