XRP holds strong above $2.00 after a 500 percent rally, showing bullish structure with targets set at $4.80 and $8.00 on rising volume.
After breaking a major descending channel, XRP faces key resistance at $2.40 and $2.90 before further upside toward higher levels.
Technical support zones at $2.03 and $1.71 remain intact as traders eye the pink trendline for signs of a renewed bullish breakout.
XRP trades above $2.00 following a breakout that stunned the crypto market in early 2025. According to analyst Javon Marks, XRP surged from $0.50 to over $3.40 in just a few weeks. This move came after the token had consolidated between $0.30 and $0.70 for most of 2024. The price action has since stabilized, with XRP now trading at $2.27. The cryptocurrency shows signs of building a base for another rally, backed by increasing volume and renewed investor interest.
Source: Javon Marks
Strong Momentum After Breakout
XRP’s breakout came after a steep decline in late 2024. It had dropped to the $0.40 range and formed a descending triangle. However, the tide shifted in early 2025. The token surged over 500%, briefly touching $3.40 before consolidating near $2.90. Besides, this rally drew attention due to strong trading volume on Binance, where XRP reached its peak.
Moreover, XRP has held above the key $2.00 level since the breakout. It also set higher lows, signaling bullish momentum. Technical indicators now point to resistance levels at $2.90, $4.80, and $8.00. The $2.90 zone, in particular, remains critical, as multiple rejection wicks have formed there. Additionally, a red curve shows a healthy correction after the parabolic run-up.
Chart Structure and Resistance Zones
Egrag Crypto adds that XRP must break above the pink descending trendline to maintain upside pressure. The green channel has already been breached, and now the next hurdle lies at $2.40. The token has tested this upper boundary multiple times, yet failed to sustain a breakout.
Source: Egrag Crypto
However, support remains firm around $2.03, $1.77, and $1.71. These levels have absorbed sell pressure effectively. Moreover, Fibonacci retracement zones at $2.71 and $2.88 also pose technical resistance. Besides, XRP’s ability to hold near the upper consolidation range indicates resilience.
Consequently, the cryptocurrency stands at a critical junction. A decisive move above $2.40 could reignite momentum toward the $4.80 and $8.00 targets. Hence, traders are closely watching volume spikes and trendline behavior as indicators for the next leg up.
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