XRP Price Aims At $2 After Claiming $1.96

With a months-long delay due to parent company Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), the XRP money transfer coin has finally entered an upward cycle that has sent the coin’s price to a new high that it has not reached in the past three years. It recently captured the $0.90 level and is now targeting a breakout above $2.

XRP statistics

– XRP has a market capitalization of approximately $83,352,043,459 of the total market capitalization.
– $32,506,197,039 is the 24-hour trading volume for the coin.
– The circulating stock of the coin is 45,404,028,640 XRP.

XRP price

Currently, the XRP stands at $1.84 with a change of 14.27% in the past 24 hours.

XRP Price Analysis

The domestic crypto-currency Ripple is moving into bullish territory in recent days. Earlier in the day, it even reached a price of $1.96. XRP announced a new price level for the first time in three years.

It jumped almost 30% to reach this level. The trend is still upward, with prices up nearly 13% in the last 24 hours. If we look at the chart of XRP/USD, we can see that it is completely bullish at the moment.

XRP Resistance Levels

Here are the resistance levels for XRP:
Resistance level (R3) : 2.43
Level of resistance (R2) : 2.16
Resistance level (R1) : 1.97

XRP Support levels

The XRP support level is as follows:
Support level (S1): 1.51
Level of support (S2) : 1.23
Level of support (S3) : 1.04

XRP price forecast

It’s a remarkable achievement that the fourth-largest cryptocurrency XRP has made recently, despite the problems that have arisen as a result of the SEC lawsuit. The XRP’s price hike to $1.96 is a big win for the money transfer coin. After reaching this price level, it fell slightly to $1.84 per ounce, where it currently stands.

However, overall sentiment is quite bullish, meaning that investor and trader hopes are still at their peak. With the current bullish momentum, XRP is targeting the $2 price target and is likely to reach it in the coming days.