Author: Content Editor
Ripple's XRP has surged past the $1.50 mark and is now trading near $1.60. The altcoin has broken through key resistance levels and its upward movement continues. Analysts predict that XRP could reach $2. The weekly chart indicates that the overall trend for XRP remains bullish. In recent days, XRP successfully broke the critical Fibonacci level at $1.30 and tested it as support. As long as it stays above this support level, further bullish momentum is expected. The next major resistance zone is between $1.60 and $1.70. XRP recently broke out from a symmetrical triangle pattern and came down to retest the previous resistance as new support. Immediate resistance to watch is around $1.50 to $1.51, and if XRP surpasses this level, it could move towards the previous high of $1.59 to $1.63. On the other hand, if XRP fails to hold the current support at $1.42 to $1.43, the next support level is at $1.36 to $1.37. The ideal scenario is a strong price move towards the $1.77 target, but the market has not shown consistent follow-through. Immediate support lies at $1.42 to $1.43, while a breakout above $1.50 to $1.51 would push the price higher towards $1.59 to $1.63 range, with the next target at $1.70. However, if XRP breaks below $1.36, the bullish pattern would be invalidated, and the next support level could be found at $1.28 to $1.30.