XRP appears to be on the cusp of a significant bullish breakout, potentially paving the way for its most substantial upward movement yet. This increase could mirror <a href="https://cryptotale.org/canary-capital-files-for-xrp-focused-etf-with-the-sec/" rel="noopener noreferrer nofollow">XRP’s</a> previous activities, according to Egrag Crypto&#39;s report, which he calls the “First Drop” phase. The approach identifies the current price behavior, key support and resistance levels, and the scenario for a price increase that may push XRP to new levels of resistance. The chart at the center of the analysis reports $0.702 as a significant area of resistance and $6.88 as possible target should the crypto head into a new upswing as it happened before.<h2 id="header-0">Key Resistance and Support Levels</h2>Egrag Crypto’s chart emphasizes major resistance and support levels that have historically influenced XRP&#39;s price action. A critical resistance level of around $1.97 is identified, where XRP has faced multiple rejections.On the support side, notable levels include $0.07 and a key support at $0.02. The presence of these horizontal lines suggests that these points act as psychological barriers where the market often reverses or bounces.<a href="https://cryptotale.org/xrps-first-drop-analysis-show-potential-move-towards-6-88/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP’s First Drop Analysis Show Potential Move Towards $6.88

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