According to U.Today, XRP has recently seen a significant surge, approaching the crucial $2 level, indicating a potential breakout in the coming days or weeks. The current market chart is indicating bullish momentum, with XRP breaking through important resistance levels on the daily chart. As long as the market maintains its upward trajectory and buyers maintain their momentum, the technical path to $2 remains open. After recently surpassing $1.20, the next resistance level is around $1.50. If XRP manages to break through this area, it could approach the psychological $2 level, making it a critical level to watch.
During its recent rally, XRP has turned previous resistance levels into support, which will be crucial to sustain the broader uptrend in case of any price pullbacks. The Relative Strength Index (RSI) is currently in the overbought zone, suggesting that the rally could see a short consolidation or a minor correction before continuing its upward movement. Despite this, trading volumes remain strong, reflecting strong buyer confidence and active market participation. The 50-day exponential moving average (EMA) is significantly above the 100- and 200-day EMAs, indicating a bullish alignment of the moving averages that supports the sustainability of the current trend.
Technically, XRP appears to have a path to $2, but certain conditions must be met first. The asset needs to maintain high buyer interest with a convincing break of the $1.50 resistance level. A drop below $1.00 could lead to a broader correction, halting the rally. Overall, XRP is well positioned to continue growing. Traders should keep a close eye on the $1.00 support and $1.50 resistance levels to predict the next moves. If the uptrend continues, $2 for XRP could soon become a reality.