XRP continued to rise after surpassing the $1.63 mark on November 29. The $1.7 level was expected to act as strong resistance but the bulls easily surpassed it.
XRP/USDT daily chart | Source: TradingView
The XRP/USDT pair could reach $3 and then retest the all-time high of $3.84. However, the recent sharp increase has pushed the RSI into overbought territory, increasing the risk of a sharp correction.
The $2 level is expected to act as strong support during corrections. To regain control, the bears need to pull the price down and sustain below $2.