Technical Analysis of XRP

Ripple (XRP) has just experienced one of its best months in years, with the price increasing by 62% just this week to nearly $1.50. In the most recent bull market, XRP reached nearly $2 before sellers took over the price action.

The current all-time high (ATH) is $3.84, indicating that there is still significant growth potential. However, buyers will need to overcome the $1.60 and $2 levels before they can hope to conquer the $3 target and above.

In the near future, XRP's bullish trend still shows positive signals. The real challenge will lie in the area near $2 – a key resistance level. Nevertheless, the likelihood of a short-term price correction after a strong surge in such a short period is hard to avoid.