XRP Pushes Past $2.20—What’s Next?
The last few days have been good for XRP, no question about it. While the whole crypto market’s been buzzing, this altcoin managed to climb above $2.20—putting it within striking distance of its all-time high. But here’s the thing: it’s still about 42% shy of that $3.84 peak from back in the day. So, is this rally for real, or are we due for a step back?
Honestly, it’s hard to say. Markets don’t move in straight lines, and XRP’s had its share of false starts. Still, the recent bounce from that $1.92–$1.95 support zone was solid. Maybe it’s catching some of Bitcoin and Ethereum’s momentum, or maybe traders just decided it was time to jump in. Either way, the move up feels… convincing, at least for now.
Breaking Through Resistance
That $2.19–$2.20 range had been a headache for XRP bulls. For a while, it just couldn’t push past. But now that it’s cleared that hurdle, the thinking is that the same level could turn into support. If it holds, the next target’s pretty obvious: $2.30 to $2.35.
But—and there’s always a but—the bigger picture isn’t entirely rosy. If you look at the daily chart, XRP’s still making lower highs and lower lows. That’s not exactly a bullish pattern. To really shift the narrative, it’d need to string together a series of higher highs, starting with a clean break above $2.35. Until then, it’s hard to call this a full-on trend reversal.
Short-Term Hopes and Risks
Since the low on June 22nd, XRP’s put together a decent three-wave rally. That’s something, but it’s not the strongest signal. Traders are keeping an eye out for a five-wave move—that’s the kind of thing that usually means a rally has legs. If that happens, we could see a quick run toward $2.29–$2.32.
Of course, nothing’s guaranteed. If the price slips back under $2.08, all bets are off. And let’s be real—crypto moves fast. Sentiment shifts, news hits, and suddenly what looked like a sure thing isn’t.
Right now, though, the mood’s cautiously optimistic. XRP’s got room to run, but it’s not out of the woods yet. Keep an eye on those key levels—they’ll tell you more than any hype ever could.
