As the price fluctuates, the $2.90 now serves as the midpoint of the Linear Log Channel. This makes it an important level, and EGRAG suggests that the price being able to hold above this level would suggest a strong bullish setup for XRP.
Other major levels that signal bear control are the $1.90, which EGRAG paints as the “bear market line of defense.” A close below this puts XRP firmly in bear territory. Then $1.62 is the point of confirmation of the bearish trend as the price completely loses support.
