XRP analyst Egrag has downplayed the recent price dip, asserting that as long as XRP remains above the $2.77 support level on the two-month chart, the decline is merely 'noise' and does not compromise the bullish trend. Egrag emphasizes that only a close below this threshold would indicate a significant reversal. Despite the current bearish retail sentiment, with negative commentary prevailing, XRP is trading at $2.81, down 1.75% in the past 24 hours. Egrag also noted that a close below $2.77 would prompt them to exit 80% of their position.