Analysts predict XRP could soon aim for the $2 mark if current trends persist and key factors, including global crypto adoption and favorable legal developments, align positively.
XRP is on the rise trading in the green as it records more than a 60% increase over the past seven days.
Market momentum is driven by regulatory optimism, including ongoing developments inRipple’s case with the SEC and a general bullish sentiment across the cryptocurrency market.
XRP Tests Crucial Resistance Levels
XRP sits well above the $1 level, consolidating some of the recent gains after a stellar rally. The resistance levels to note are $1.15 and $1.25 – and at this stage it’s unclear if XRP will continue undergoing a bullish trajectory or enter a period of consolidation.
Driving up XRP’s price we have a combination of multiple factors including optimism surrounding Ripple’s ongoing legal battles with the SEC and broader crypto market enthusiasm.
Meanwhile, technical indicators show reduced volatility, a no-man’s land that always suggests a breakout in either direction. Sentiment in the market is mixed, with some hopeful for further upside momentum in XRP, while others warn of buyer exhaustion.
The next few days will be important to tell if this can be a sustained bullish run for XRP or if the price will start consolidating.
As XRP tests key resistance levels, PlutoChain is making strides as a promising early-stage project with real utility.
