Crypto analyst Egrag Crypto has published a technical analysis suggesting XRP is poised for a significant breakout. Their analysis focuses on the $2.30 price level, arguing that reclaiming this level will serve as a vital indicator of a sustained bullish trend. Once confirmed as support, XRP could target the $2.65 area, potentially signaling the start of renewed momentum and further gains. 5 key aspects to note are the significance of $2.30 as psychological and structural barrier, its historical role in determining price action, current consolidation phase leading to a possible parabolic move, its impact on market sentiment, and XRP’s potential for reaching new heights. Egrag Crypto highlights that this is just one piece of the puzzle, with fundamental factors like increased usage in Ripple’s On-Demand Liquidity (ODL) corridors and regulatory clarity also playing crucial roles in XRP’s trajectory.