The recent rise of XRP has captured investor attention, especially as the price has once again surpassed the crucial $2 mark. This event is linked to positive market sentiment and technical indicators.
Current Situation with XRP
XRP managed to recover from the support level around $1.95, rising to the current $2.15. This movement has prevented a negative signal known as the mini-death cross, where the 50 EMA crosses below the 100 EMA.
Key Resistance and Support Levels
The price of XRP is approaching a resistance level that previously caused pullbacks, found in the range between $2.24 and $2.25. This level also corresponds to the upper limit of the descending channel that has controlled price movement since early 2025.
Prospects for Further XRP Growth
If XRP confirms a breakout above this trendline, it may signal a shift in trend and open the way for targets at $2.50 and possibly $2.70. Trading volume is also showing healthy growth, supporting the current bullish sentiment.
Currently, XRP appears optimistic, having avoided the mini-death cross and remaining above $2. The success of further growth will depend on bulls' ability to maintain positive momentum, especially in light of key resistance levels.
