XRP Price Poised To Hit $2, Will It Rebound or Settle within lower levels

XRP Price May Surge, But A Pullback May Follow!

XRP price trended in a very narrow range in the past week and awaited for a major push that could uplift the price to the next levels. Despite a couple of steep pull backs, the price sustained strongly above $1.2 levels.

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In the early trading hours, the price broke above the upper barriers to touch the immediate resistance levels around $1.6 and heading towards $1.7.The price may also jump high to hit the milestone at $2 as predicted by an analyst Altcoin Sherpa.

The analyst also predicts a slight pullback once the price surpasses $2 levels. However, the dump may be minimal and for a short period of time. 

Also Read: Analyst Predicts the Future of Dogecoin and XRP! Says XRP Price Will Pump the Hardest!

Ripple Price Analysis

XRP has geared up a positive momentum in the past couple of hours that assisted the rally to get intensified. Considering the 4-hour chart, the XRP price is trending within a symmetrical triangle as put up by an analyst, Kallies Jain.

As per the chart posted by the analyst, the price is on the verge to break out of the upper resistance levels. At the time of writing, the XRP price is %1.56 with a jump of 2.25% in the past 24. 

Technical Specifications

  • The resistance levels are at $1.07
  • The support levels are at $1.46
  • The indicators point s out towards a buy signal

Also Read: Indicators Point Higher Probability of Bullish Rebound for BTC, ETH, and Other Altcoins!