With XRP facing bearish pressure, there are now several important levels to watch as the month progresses. Cryptocurrency analyst EGRAG CRYPTO highlighted these crucial targets for investors to pay attention to, as they could be turning points for XRP.

At the beginning of the analysis, the cryptocurrency analyst advises investors to adjust their perspective as things change. This is to ensure that they do not lose sight of the macro picture and can keep up with market trends. There are different levels that now determine where the price of XRP may be heading, as bulls and bears continue to contest full control.

After falling below $3 again, the price of XRP is already at risk of being completely dominated by bears, who continue to increase the pressure. From here, the decisive target is at the support of $2.9, which the bulls must hold to avoid a larger decline. As EGRAG CRYPTO explains, if the bulls do not maintain this level, XRP could face a drop of more than 10%. A break of this support would confirm that the price is fulfilling a Wave 5 structure, leading to a decline of up to $2.65.

On the other hand, there are levels that could indicate a resumption of the bullish rally if broken. The first one is to decisively recover $3 before advancing to $3.13. Once the price manages to surpass the resistance at $3.13, the real action begins, marking the first major milestone in the movement. Next comes the resistance at $3.20, which needs a decisive close. As the analyst explains, closing above $3.20 will be the confidence boost needed to continue the upward movement, and after that, there is a small gap before the price of XRP encounters the next major resistance.

When the price reaches the level of $3.45, it will be preparing to reach new record levels. This paves the way for the last hurdle towards new historical records, which is the target of $3.65. It is here that the analyst advises investors to watch as the price advances.