The post XRP Begins Moving to $2 Again appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As it continues its steady ascent toward the $2 mark, XRP is showing its desire to reach the long-awaited target. Notwithstanding the general market neutrality, the token is displaying fresh bullish momentum after a successful breakout from its bearish flag model. Altcoins like XRP have a window to take advantage of this move as Bitcoin’s dominance is gradually waning.  Thanks to trading activity and investor confidence, XRP is currently pushing higher at $1.48. The most recent breakout indicates a change in attitude as traders who believe there is room for more upside are becoming interested in XRP. It is important to keep in mind, though, that the trading volume is a little weak, which might make the rally less dramatic than anticipated.  XRP/USDT Chart by TradingView From a technical standpoint, XRP has recovered support above $1.40, which serves as a solid foundation for its upcoming rally. When the asset last tried to rise, it encountered selling pressure at $1.70, which is the next significant resistance. XRP is probably going to target the psychological $2 mark if it can break through this level with significant volume. The $1 to $20 level is still a crucial support area on the downside.  Related This area may be retested if momentum is not maintained. However, given that altcoins are becoming more…

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Filed under: News - @ November 28, 2024 10:26 am