XRP is trading at $1.92, breaking past the critical $1.60 resistance level and continuing its streak of new highs. The price is now closing in on the previous cycle’s top at $1.96, a level that holds significant psychological and technical importance. This momentum has fueled optimism among investors, who are eyeing the $2 mark as a confirmation of XRP’s long-term bullish structure.
XRP nears the $2 mark
A breakout above $2 would solidify bullish sentiment, marking a critical milestone in XRP’s ongoing rally. Such a move could pave the way for even higher price targets as confidence surges in the market. However, traders remain cautious about the potential for a retracement. If XRP fails to sustain gains above $2, a correction could send prices back to key support levels, particularly around $1.60, where significant demand has been observed.
The next few days will be critical in determining whether the price can maintain its upward trajectory or face a temporary pullback. As the asset nears its all-important $2 mark, investors should keep an eye on trading volumes and market sentiment, which will likely dictate XRP’s direction in the short term
