Ripple’s $XRP is leading the crypto charts, with an incredible 50% weekly growth, now trading at $1.11. With strong on-chain momentum and bullish technical patterns, $XRP might rally to $1.96, eyeing the elusive $2 mark for the first time in six years!
What’s Driving XRP’s Momentum?
🔥 Exchange Reserve Drop: Upbit saw a 250M $XRP withdrawal, reflecting growing purchasing pressure.
📈 All-Time High Open Interest: Futures contracts for XRP reached $1.98 billion, signaling market optimism.
💡 Leverage Builds Confidence: XRP’s leverage ratio hit 0.17, its highest level in 2024, suggesting strong bullish expectations.
The Path to $2:
XRP’s rounded bottom pattern on the weekly chart points to a potential climb to $1.96.
A breakout above the critical $1.35 resistance could open the floodgates for a rally to $2+.
💥 Don’t Miss This Move!
As XRP consolidates its position as the top-performing cryptocurrency, all eyes are on the charts. Will XRP finally reclaim its $2 glory?
