XRP has held above $2 for 13 days in a row, showing strong price support.
Analyst Dom predicts XRP could rise to a target range of $5 to $11 this cycle.
Growing demand and sustained momentum signal XRP may break higher levels soon.
XRP is showing strong momentum as it recently achieved 13 consecutive daily closes above $2 , marking a notable milestone. This performance sets it apart from previous cycles when XRP faced challenges maintaining such levels.
Source: Charting Guy
XRP Shows Strength Not Seen in Previous Cycles
During the 2017-2018 bull run, XRP recorded 10 daily closes above $2. However, the price quickly topped out and began retracing soon after. The following 2021 cycle saw XRP spike again, but the price failed to maintain its gains. It recorded 0 daily closes above $2, which reflected weak buying pressure at the time.
The current price action is stronger as XRP has already managed to hold above $2 for 13 days straight. Dom highlights that XRP’s structure does not resemble its previous cycles, where gains faded quickly. The token printed a high wick recently, yet it managed to close higher afterward, which suggests strong demand from buyers.
Price Action Reflects Buyer Confidence
XRP’s ability to hold these higher levels indicates growing confidence in the market. The structure shows no signs of rapid reversals like in past market tops. Dom believes that XRP’s price action signals the potential for further upward movement, even if there are temporary dips along the way.
The current trend reflects a stronger market structure compared to the sharp tops seen in 2018 and 2021. Investors seem committed to sustaining momentum above key resistance levels, which increases the chances for XRP to rise higher in the coming weeks.
Analyst Targets Between $5 and $11
Dom responded to questions regarding XRP’s potential price targets, and he estimated a range between $5 and $11. His forecast adds to the growing optimism among traders who see the current cycle as unique compared to past runs. XRP’s sustained performance above $2 supports the idea that a larger breakout may be underway.
With XRP maintaining its momentum and demand remaining high, investors are closely watching for the next move. As momentum continues, the targets outlined by Dom are becoming increasingly relevant to traders focused on XRP’s potential gains.
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