XRP Could Hit $2 Tomorrow If It Breaks This Resistance

XRP has shown significant movement over the past few days. After reaching $1.66, the token faced strong resistance and has retraced slightly.

CryptoBull (@CryptoBull2020) drew attention to this move, as this level is critical in determining short-term price action. Traders and investors are closely watching whether XRP can break above it.

The daily chart he shared shows XRP testing the upper boundary of a falling wedge that has contained the price for months. The recent recovery from the lower boundary has pushed XRP back toward the upper trend line. This movement suggests growing momentum. If XRP clears $1.65 decisively, it could trigger a rapid advance toward $2.

Momentum Building in Daily Charts

The 1-day chart indicates that buyers are stepping in near long-term support. The recent price spike occurred after a sharp dip, forming a clear reversal pattern. Volume analysis confirms that buying pressure has increased during this move. The rebound from the lower boundary aligns with historical reactions at key support levels.

Technical indicators suggest momentum is gaining strength. A break above the $1.65 resistance could accelerate the trend. The chart highlights that XRP remains within a controlled structure, which has guided its price swings over recent months. Traders may see this as an opportunity to enter positions ahead of a potential breakout.

XRP Set to Challenge $1.65 Resistance

CryptoBull predicts that XRP will surpass $1.65 shortly. “By tomorrow we will break it and sail towards $2,” he said. This statement reflects confidence in the ongoing bullish pressure. The short-term trend indicates that if XRP holds above current levels, higher targets become accessible.

Resistance at $1.65 is a key marker. Another well-respected analyst recently highlighted a similar falling wedge, suggesting a move toward $1.9 once XRP breaks out. Clearing the upper resistance level may open the way for further gains.

Short-Term Outlook for XRP

XRP’s price activity highlights that the market is responding to technical levels. The ability to maintain gains above support while challenging resistance reflects increased buying interest. Short-term momentum suggests that $2 is a reachable target if XRP sustains its current trajectory.

Overall, the chart signals an upcoming acceleration phase. The current rebound from key levels has created an environment favorable for bullish traders. Maintaining focus on resistance and support levels will be critical in the coming sessions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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