The post Why $2.66 Is The Most Important Level To Beat appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Egrag Crypto has discussed the possibility of the XRP price witnessing another corrective move. He revealed the price level that XRP needs to stay above to avoid further downside pressure and rally to the upside.  XRP Needs To Stay Above $2.66 To Avoid Corrective Move  In an X post, Egrag Crypto stated that if XRP fails to close above the $2.65 to $2.70 range, it won’t negate the wave 4 move and will likely lead XRP down to the 5th wave. His accompanying chart showed that the altcoin could drop to as low as $1.7 on this corrective move, breaking the crucial $2 support level in the process. The analyst had previously highlighted this $2.65 as being critical for a bullish breakout.  Related Reading Egrag Crypto alluded to the fact that the US SEC was finally dropping its long-running lawsuit against Ripple, which is typically bullish for XRP. The analyst admitted that it was a significant win for long-term adoption and utility, reinforcing the belief in the altcoin’s use. However, he added that the focus has to be on the numbers and charts in the short term.  XRP’s key important level for an uptrend | Source: Egrag Crypto on X In line with this, he remarked that a close above $2.66 would be a good sign, followed by another close above $2.97 as a second bullish confirmation. He asserted that the ultimate confirmation for a bullish trend…

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Filed under: News - @ March 20, 2025 11:17 pm