Amid the ongoing XRP price struggles, a notable market strategist has shared where XRP must close above before bulls can take control.
Notably, XRP has staged a recovery move on the back of a recent rebound push across the crypto market. While some altcoins like Ethereum (ETH) have failed to join this campaign, XRP has taken advantage of it to soar 5.69% over a 7-day timeframe to the $2.95 level.
Amid this rebound effort, analyst EGRAG Crypto has called attention to the level XRP must close above before bulls can take full control of the market. In his report, he called the recent correction, which dragged XRP to a $2.7 low earlier this month, a “throwback.”
XRP Must Cross the 33 SMA
According to EGRAG, as a recovery campaign emerges, XRP must decisively close above the $2.94 price level and further breach above the 33-day simple moving average (SMA). To him, this will represent early signs that the bulls are starting to take charge.
Interestingly, XRP fulfilled only one of these conditions yesterday. Specifically, it closed Sept. 8 at $2.9694, slightly above the $2.94 mark. This represented its highest intraday close in two weeks and the highest in September.
However, despite closing above the $2.94 level highlighted by EGRAG, XRP has not yet pushed above the 33-day SMA. Recall that this is the second condition necessary for the arrival of the bulls. This 33-day SMA, which stood at $2.9962 yesterday, mounted resistance to the upward push, preventing XRP from crossing the $3 psychological mark.
Currently, the 33-day SMA sits at $2.9853, while XRP trades for $2.9616. EGRAG’s analysis suggests that XRP must cross above the $2.985, aligning with the 33-day SMA, essentially reclaiming the $3 mark before the market can see signs that the bulls are regaining control.
According to the analyst, should this happen, XRP would be on track to finish the throwback. He confirmed that if the market takes this direction, then the $2.7 low from Sept. 1 would represent the bottom of the latest correction or throwback.
Further Conditions and the Go-Go Signal
He then suggested that after XRP breaches the 33-day SMA, a subsequent development that would further confirm that the market is flipping bullish is a push above the 55-day SMA. Currently, this moving average sits at $3.066, and represents the next pivotal level just after the 33 SMA.
Meanwhile, EGRAG identified the $3.4 price level as the final level to breach for the bulls to take full control. He called this region the “Go-Go Signal,” aligning with the previous January 2025 peak from which XRP slumped into a months-long consolidation. EGRAG believes XRP will have a full launch once it breaks above the level. Data from his chart shows he sets an initial target above $4.2.
However, he warned of the possibility of continuing the ongoing throwback despite the recent recovery effort. According to EGRAG, if XRP shows weakness within the $2.94 to $3 level, which it now trades at, the correction will likely continue.
Interestingly, as conditions continue to improve, market watcher Gordon is rather bullish on XRP. In his recent commentary, he pointed out that XRP has consolidated around its current position for a long time, and a push to $6 will likely emerge.
$XRP has been consolidating at these prices for MONTHS.
We will teleport to $6.00 and we will love it.
Do you understand? pic.twitter.com/zBSe9VgawG
— Gordon (@AltcoinGordon) September 8, 2025
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