XRP Price Trend Deep Analysis: Despite Setbacks, $2 is Still within Reach

XRP's recent price trend has not shown a sustained surge, but the target price of $2 is already close at hand, with a high likelihood of achievement.

Last weekend, the cryptocurrency market witnessed notable price fluctuations for XRP. It successfully broke through the key resistance level of $1.50 and briefly touched a high of $1.60.👗＋: Vir4400

However, unfortunately, this strong upward momentum did not last long. Selling pressure quickly intervened, causing the price to plummet sharply, dipping below $1.15 at one point. This price trend characteristic is likely indicative of a false breakout phenomenon.

A false breakout refers to a situation where, upon breaking through a key level, the price initially appears to trend in the direction of the breakout, but then quickly reverses within a short time.

For XRP, its inability to firmly maintain above $1.50 may suggest a gradual weakening of buying power, or that the previous upward movement was overly extended, exceeding the reasonable expectations of the market.

This has directly led traders to reassess their positions cautiously, resulting in a significant increase in market volatility.

In the current market landscape, $1.50 remains the key resistance level for XRP's price trend.

If XRP can effectively break through this key point in the subsequent market developments, its price is expected to further rise, reaching $1.80 or even higher at $2.

Conversely, if XRP's price falls below $1.30, it could indicate that the magnitude of its correction will deepen further, increasing downward pressure on the price.

It is worth noting that the overall market sentiment will play a crucial role in whether XRP can maintain higher levels.

Positive and optimistic market sentiment often attracts more buying funds, providing strong support for XRP's upward price trajectory; conversely, negative and pessimistic market sentiment may lead investors to sell off, exacerbating the downward price trend.#GameFi板块信号 #PCE与美联储纪要公布在即