XRP is once again under the spotlight as analysts point to a potential bullish breakout.
According to prominent crypto analyst Ali, the token could be gearing up for a sharp rally if it manages to break through the $2.33 resistance level. His latest chart suggests that surpassing this threshold could open the door for a move toward $2.60.
At the time of analysis, XRP was trading at approximately $2.26, up 1.84% over the past 24 hours and 3.3% for the week.
With a market capitalization exceeding $133 billion and 24-hour volume nearing $1.75 billion, the asset is maintaining strong liquidity and investor interest.
Key Technical Levels
Support and resistance areas from the chart include:
- Immediate Resistance: $2.33 – A decisive close above this level could signal a breakout.
- Next Target (Resistance): $2.60 – Ali’s forecasted upside objective if momentum holds.
- Support Zone: Around $2.15 – A price level XRP has rebounded from multiple times, acting as a key short-term floor.
Market participants will be closely watching for a clean breakout above $2.33, which could mark a shift in momentum and drive fresh buying pressure.
If bullish sentiment continues, XRP may finally retest levels not seen since its last major surge, giving traders a potential opportunity to ride the next wave upward.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/xrp-price-could-surge-if-it-clears-this-key-barrier/