XRP has officially broken past the psychological $2 mark again. While the recent surge has brought optimism across the Ripple community, the road ahead is filled with both opportunity and caution.
XRP’s rise back to $2 aligns with a broader crypto market rebound. With legal clarity from Ripple’s ongoing regulatory saga reportedly nearing, investor sentiment could be shifting in anticipation of bullish news.
As of writing:
Price: $2.00
Market Cap: $116.96B (↑ 9.85%)
24h Volume: $7.61B (↑ 2.91%)
Circulating Supply: 58.27B XRP
Total Supply: 99.98B XRP
FDV: $200.7B
Volume/Market Cap Ratio (24h): 6.5%
Despite a 1.60% pullback over the past 7 days, the overall market sentiment remains bullish as XRP successfully reclaimed the $2 level following a sharp dip earlier in the week.
Recent Price Action
XRP peaked above $2.03 on April 6 before entering a volatile correction phase that saw prices dip as low as $1.67 on April 8. However, bulls quickly re-entered the market, pushing the token back to the $2 threshold by April 10.
This “V-shaped” recovery pattern indicates strong buying pressure at lower levels — a potential sign of institutional accumulation or renewed investor confidence amid broader market recovery.
Key Support and Resistance Levels
Support Zones
$1.90 – $1.95: This is the first strong support range, tested multiple times during the April 8–9 dip.
$1.70 – $1.75: A critical demand zone that acted as the absolute bottom in this week’s pullback.
$1.50 (long-term): If macro pressure mounts, this zone could serve as a strong long-term floor.
Resistance Levels
$2.05 – $2.10: Short-term resistance, which capped the April 6 rally.
$2.25: A breakout target if $2.10 is breached — previously a sticking point during the last bull cycle.
$2.50 and beyond: A psychological barrier that could turn into a momentum zone if XRP gathers steam.
Conclusion
XRP’s break above $2 is more than just a price milestone — it’s a psychological turning point for both traders and long-term holders. While volatility remains, key support levels have been tested and respected, setting the stage for potential upside if momentum continues.
Investors should keep an eye on the $2.05–$2.10 resistance in the coming days. A clean breakout could reignite the bullish wave, while failure to hold above $2 may lead to another retest of support around $1.90.
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/xrp-price-breaks-2-here-are-the-key-levels/