XRP has demonstrated significant bullish momentum in recent trading, breaking above the critical $2.00 resistance level.
This surge represents a gain exceeding 500% from its breakout point near $0.70 earlier this period, with the price stabilizing around $2.27.
Elevated trading volumes, particularly on major exchanges like Binance, signal strong investor participation and pervasive bullish sentiment.
Key technical resistance lies at $2.40 and $2.90, with historical price action showing notable rejection near the latter price point.
Support levels are clustered below near $2.03, $1.77, and $1.71, providing potential downside buffers, while Fibonacci retracement points cluster at $2.71 and $2.88.
Analysts suggest a decisive breakout above the $2.40 resistance level could unlock pathways toward significantly higher price targets at $4.80 and $8.00.