XRP Breaks $2, Challenges Higher Targets, Faces Resistance in the Short Term

XRP has recently broken the $2 barrier and continues to climb, showing strong bullish momentum. Analysts believe that once this price range is surpassed, XRP will have greater upward potential. However, in the short term, XRP is facing some key resistance levels in its further upward movement.

After surpassing $2, XRP is nearing the key resistance level of $2.50.

In the past 24 hours, XRP has risen over 11%, breaking the $2 mark and approaching the resistance area of $2.50. Analyst Josh points out that if XRP can surpass this level, the target will shift to $2.75, which is a key target calculated based on the price trends from January 2018. At this point, XRP's trading price has reached $2.73.

$3 is the next key target: Psychological Resistance and Fibonacci Level

Looking ahead, XRP's next major target is $3. This price is not only a psychological resistance level but also a key Fibonacci extension level (1.618). Many traders see $3 as an important milestone, so XRP may face significant selling pressure at this level.

However, before reaching $3, XRP first needs to break through the resistance areas of $2.50 and $2.75. If it fails to surpass these thresholds, it may face the risk of a pullback.

Pullback support levels to watch are $2 and $1.60.

If XRP experiences a pullback, the key support levels in the short term are at $2 and $1.60. $2 has already proven to be a strong support, and if it drops further, $1.60 may become a stronger support area, with previous resistance levels potentially turning into support.

XRP is moving towards higher targets, but the short-term resistance and pullback risks still need to be monitored.