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 0 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 1 notes that if XRP fails to hold above this zone, a retest of $2.65 becomes highly 2 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 3 the time of this writing, XRP was trading at $2.87 per CoinGecko 4 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 5 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 6 traditional financial systems that rely on intermediaries and delayed processing, XRPL is designed for near-instantaneous transfers, low costs, and seamless interoperability across 7 XRP Ledger’s strengths lie in its scalability and 8 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 9 legal clarity secured and institutional interest rising, XRP is gaining traction as a bridge currency connecting global financial 10 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 11 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 12 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 13 above it preserves the bullish setup for a push at higher resistances, while a breakdown risks a deeper correction that could stall the rally.
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