๐จ *XRP is trading above 2 โ and it's looking bullish!* ๐๐ธ๐
After months of consolidation, *XRP has broken above the2 level*, a major psychological and technical resistance. This breakout is significant for both short-term traders and long-term holders. Letโs break it down ๐
โ
๐ *Why This Matters:*
- *2* was a historical resistance going back to early bull runs.
- Breaking and holding above it signals *strong buyer demand* and confidence returning to the market.
- This is the *highest zone since the SEC lawsuit pressure began* back in 2020.
โ
๐ *Technical Indicators:*
โ *RSI* still in bullish territory, not yet overbought โ room to run
โ *Volume* increasing โ confirms breakout strength
โ *Higher lows* forming since early July โ a classic uptrend sign
๐ Bears failed to defend1.95 and 2.00 โ momentum now with the bulls
โ
๐ฏ *Targets Ahead:*
If momentum continues, possible short-term resistance at:
โข2.33
โข 2.46
โข2.85 (macro target if ETF or case settlement news fuels it)
๐ก *Supports to watch:*
โข 2.07
โข1.95 โ if XRP retests and holds, even more bullish
โ
๐ *Analysis & Outlook:*
XRPโs fundamentals are improving:
- Legal clarity is inching closer
- Ripple is expanding global payment corridors ๐
- ETF rumors + bullish macro environment may add fuel ๐ฅ
If BTC remains steady or rallies, XRP could see *another leg up*. But if BTC dips, XRP might retest support โ that would likely be a buy zone for bulls.
โ
๐ฌ Final Thought:
This breakout could be the *start of a major move*, especially with increasing whale interest and community momentum. Donโt ignore it โ *$2 was just the door, not the destination.* ๐ช๐ฅ