XRP Outlook: Bullish Above $2.41, Bearish Below $2.15

XRP remains a focal point in crypto markets, with recent analysis suggesting its direction hinges on a critical price range. Prominent market analyst EGRAG highlighted the importance of the $2.15 to $2.41 price corridor, calling it a decisive boundary for XRP’s short-term momentum.

According to EGRAG, price movements within this band signify little more than background noise. The cryptocurrency is neither in a clearly bullish nor bearish phase unless it breaks above or below this threshold. XRP’s current behavior, trading near $2.30, places it squarely within what EGRAG refers to as a “micro noise” zone—offering no solid clues about the next major move.

In particular, the analyst asserted that XRP must close above $2.41 for three consecutive days to confirm a legitimate bullish breakout. Without this confirmation, short-term rallies may lack sustainability. On the flip side, if XRP drops below $2.15, it may signal significant weakness, resulting in potential declines and triggering bearish sentiment.

EGRAG emphasized how critical this moment is, especially as XRP recently hovered at the key $2.14 support during a previous analysis on May 5. Since then, it has gained over 6%, now trading steadily at $2.30. Despite the upbeat move, the current price action still reflects short-term indecision.

Should XRP fall below the $2.15 level, the analyst points to $1.90 as the next important support area. This zone could attract interest from buyers looking to capitalize on a potential bounce or reversal. Depending on how the market reacts at that level, it could either mark the start of a recovery or signal deeper declines to come.

Despite this near-term uncertainty, the long-term outlook remains positive. EGRAG reaffirmed his macro projections, believing XRP is still positioned for a dramatic surge if broader market conditions align. In past commentaries, he has laid out targets far above the current trading range.

In fact, during discussions earlier this year, EGRAG predicted that XRP might rally 15x to reach $27, guided by historical behavior around the Bull Market Support Band. He also outlined a scenario where XRP could surge as high as $31 based on other technical projections.

One particularly noteworthy analysis involves a pattern of monthly candles observed since November 2024. EGRAG correlates this setup to a sequence last identified in 2017, just before a monumental rally. If this pattern unfolds similarly, he expects XRP could rise to $17 in the current year. And if that mega candle materializes and breaks major technical resistance, his projections suggest a further rally to $55 is plausible. He underscored this multi-leg run in a recent breakdown.

While EGRAG remains one of XRP’s more enthusiastic supporters, he’s not alone in the bullish camp. Analysts like Javon Marks also echo optimism for XRP in the ongoing cycle. However, the community remains divided. Detractors such as Crashius Clay, for example, believe XRP is overextended. Citing overvaluation, he recently opened a $1 million short position against the token, warning of steep pullbacks.

Related: Expert Advice: Sell XRP If You’re Confused

Still, for those eyeing long-term positions, the confidence of analysts like EGRAG offers hope. The consensus: until XRP moves decisively beyond $2.41 or below $2.15, its current behavior should be interpreted cautiously. Traders and investors will need patience—and a close eye on the charts—in the coming days to determine which direction the coin ultimately takes.