XRP eyes breakout as Egrag Crypto targets daily close above $1.30

XRP is nearing a key technical threshold that analysts believe could shape its short-term trend. Crypto analyst Egrag Crypto reported that the token is testing a descending trendline which has acted as a ceiling for upward price moves in recent weeks. XRP recently traded at $1.19, with attention now turning to its ability to close above resistance at $1.30. Egrag Crypto observed that XRP’s daily chart displays a series of lower highs since September, joined by a yellow descending trendline. This technical barrier has been tested four times, and the latest price movement could represent a fifth attempt to break through. According to Egrag Crypto, a daily candle close above $1.30 would send an important bullish signal.

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