XRP Chart “Screaming Bullish” As $2.40 Showdown Nears

XRP is approaching a make-or-break level, and one analyst says the chart is still “bullish” despite the choppy action.

In a new update, shared in an X post on January 14, cryptocurrency trading expert EGRAG Crypto highlighted XRP’s 3-day (3D) structure, noting price is compressing inside a descending channel and sliding toward a key breakout area between $2.30 and $2.40.

That zone matters because it lines up with channel resistance and a broader “decision zone” where XRP either breaks higher or stays stuck in range.

Why The $2.30-$2.40 Zone Matters Right Now

According to EGRAG’s 3D chart, XRP is squeezing into resistance rather than collapsing through support in the classic “compression before expansion” setup.

His key observations include the flattening 50 EMA that suggests selling pressure may be easing, the rising 200 EMA that keeps the macro trend pointed up, the price holding above the EMA cluster and signaling structural strength, and channel resistance sitting around the $2.30 breakout level, emphasizing the importance of that area.

In other words, this isn’t “breakdown territory,” but the market coiling.

The Breakout Trigger: A Clean 3D Close Above $2.40

EGRAG’s main trigger is simple and includes a clean 3D close above $2.40 to confirm the breakout. If that happens, EGRAG says XRP could open continuation targets at $2.70 and $3.13. 

Those levels represent the next logical upside pockets if XRP clears the channel and holds above the breakout zone.

For the time being, XRP is changing hands at $2.15, indicating a 4% increase in the last 24 hours, a drop of 4.1% across the previous seven days, and an accumulated rise of 7.4% on its monthly chart, per the latest price data.

What If XRP Gets Rejected?

Not every test becomes a breakout, and EGRAG leaves room for that as well. A rejection near $2.30-$2.40 likely keeps XRP ranging, but the chart structure remains intact while XRP holds above roughly $2.00.

That framing matters because it shifts the focus away from noise and toward the level that actually breaks the bullish structure.

Zach Rector’s Angle: Utility, Regulation, And XRPL “Permission” Upgrades

In a separate update, Zach Rector leaned less on the candle-by-candle drama and more on what he sees as the bigger XRP catalysts.

His core themes include CPI prints, Fed expectations, and the idea that crypto can get “buy-the-rumor” rallies around U.S. market-structure developments, as well as the criticism of the efforts to restrict yield on stablecoins, which he framed as banks protecting net interest margins.

He also highlighted XRP Ledger amendments like permission domains and a future permissioned DEX, arguing these are building blocks for institutional-grade activity on a public network.

The takeaway is that, while traders watch $2.40, Rector’s pitch is that XRP’s longer-term narrative is being built in parallel, especially if regulation and XRPL functionality expand.

Bottom Line

All things considered, XRP is compressing into a high-stakes zone at $2.30-$2.40. EGRAG Crypto says a 3D close above $2-40 could confirm a breakout, putting $2.70 and $3.13 in play. If XRP gets rejected, the structure remains bullish as long as the price holds near $2.00.

For now, it’s a waiting game, but the chart is tightening, and the next move could be decisive.

XRP Price Today

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