XRP price could hit $2 if it breaks through this level
XRP is approaching a critical breakout level that could determine whether the token rallies toward $2 or faces another wave of selling pressure.
While most traders are focused on daily price swings, a combination of strengthening fundamentals and a critical technical setup is quietly forming beneath the surface.
If one key level gives way, XRP could find itself on a path that few expected just weeks ago.
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The Breakout Level Everyone Should Be Watching
XRP has reached a point where the next major move could be decided by a single price level.
Bulls have defended important support despite broader crypto weakness, while institutional interest continues to show signs of resilience.
But the chart is now approaching a decision point that could determine whether XRP merely bounces or begins a much larger recovery.
A daily close above $1.16 resistance would strengthen the bullish structure and expose the next resistance around $1.24. Clearing both levels would signal that bulls have regained control after months of selling pressure.
But losing the primary support near $1.12 could invalidate the developing recovery and increase the probability of another move lower.
Momentum indicators are sending mixed, but increasingly constructive, signals.
The daily RSI (14) sits at 52.66, reflecting a neutral market waiting for a catalyst, while the weekly RSI sits at 35.48, suggesting XRP is approaching oversold territory on a higher timeframe, historically an area where long-term reversals can begin.
The moving averages tell a similar story. XRP has reclaimed the 10-day and 20-day EMAs, indicating improving short-term momentum. However, it remains below the 50-day, 100-day, and 200-day EMAs, meaning the broader trend has yet to turn bullish.
A sustained move above the longer-term moving averages would significantly strengthen the recovery narrative.
On-chain positioning also paints an intriguing picture. While perpetual futures open interest has softened, indicating reduced speculative activity, spot XRP investment products have continued attracting institutional inflows for multiple consecutive weeks.
This divergence often reflects retail caution alongside steady long-term accumulation.
Fundamentally, Ripple’s recent MiCA license in Europe, continued expectations surrounding spot XRP ETFs, and growing optimism over US regulatory clarity through the proposed CLARITY Act provide catalysts that could amplify any confirmed technical breakout.
If XRP successfully establishes itself above $1.24, the path toward the $1.40–$1.70 region becomes increasingly realistic. Beyond that, improving macro conditions, sustained ETF demand, and favourable regulation could place the long-discussed $2 target back within reach.
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