XRP Nears Key Breakout as Analyst Eyes $2 Target: But Here’s the Catch

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XRP is holding within a tight range between $1.46 and $1.56, but an analyst named ChartNerd anticipates a potential bullish breakout targeting $1.80 to $2. The token faces resistance around $1.65-$1.69, and the weekly chart reveals it has been constrained by the 50-week exponential moving average for seven consecutive weeks. XRP is currently trading near $1.47, down 1.5% over 24 hours, while trading volume surged 32% to approximately $2.14 billion. Additionally, roughly 1.6 billion XRP moved to Binance over the past 30 days, and spot XRP ETFs have accumulated $1.79 billion in cumulative net inflows.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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