 ▲ XRP (XRP) / AI-generated image |
Amid mounting geopolitical uncertainty stemming from the war in Iran weighing on the market, one expert advised XRP investors to focus on identifying key technical support and resistance levels rather than external noise to seek rebound opportunities.
According to a March 6 report by crypto media outlet CryptoPotato, analyst Egrag Crypto urged XRP holders to pay attention to critical price levels instead of reacting emotionally to ongoing war-related news. He explained that while military conflict in the Middle East may amplify short-term volatility driven by fear, the ultimate price trajectory will be determined by long-established technical structures. He emphasized that XRP’s current position could represent the final gateway before entering a massive bull market.
The most important short-term resistance level identified by Egrag Crypto is $1.55. He projected that if XRP secures a weekly close above $1.55, short-term selling pressure would subside and bullish momentum would begin in earnest. Should this level be decisively reclaimed, the next target would be around $2.00, where the 200-day exponential moving average is located. He added that a weekly close around $2.20 would confirm a breakout from the descending channel, potentially triggering explosive price expansion.
However, he also cautioned about downside risks. Egrag Crypto noted that $1.26, the low recorded during the flash crash on October 10 last year, is serving as a strong psychological and technical support level. If geopolitical tensions intensify and the $1.26 level collapses, there is a risk of further decline toward $1.12, the low recorded earlier this year. He suggested that the current correction could instead provide an attractive entry zone for long-term investors and repeatedly warned against panic selling.
Recent technological achievements within the XRP Ledger ecosystem and news of integration with traditional financial institutions are strengthening the case for a technical rebound. Ripple’s new custody solution and expectations surrounding the launch of a spot ETF are acting as key drivers behind continued whale accumulation. Egrag Crypto expressed optimism that if Bitcoin (BTC) price action stabilizes, XRP could be among the first to demonstrate strong resilience and reclaim the $2 level.
Disclaimer: This article is for investment reference only, and no responsibility is taken for any investment losses incurred based on it. The content should be interpreted for informational purposes only.