XRP has recently surged past a critical resistance level at $2.50, fueling optimism for a potential climb to $2.90. The token is now trading at $2.62, with a market capitalization of $147 billion and a 24-hour trading volume of $18.35 billion. This momentum is driven by increased investor activity and Ripple’s ongoing positive developments.
Technical analysis indicates that XRP's next major resistance lies at $2.90, but maintaining support above $2.50 will be crucial to sustaining the bullish trend. A failure to hold this level could lead to a retracement towards $2.30. Market analysts highlight that trading volume and overall market sentiment will play pivotal roles in determining whether XRP can extend its rally or face a short-term correction.
With these factors in mind, XRP’s trajectory remains promising, but traders should stay cautious and monitor key levels closely to assess whether the bullish momentum can propel it to the $2.90 target. Show Less