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XRP Skyrockets Above $2, But There’s Big “If”
Ripple’s native cryptocurrency, XRP, has seen a surprising surge above the $2 mark, bringing hope to investors who had been waiting for a significant upward move. However, before we can consider this as a sustainable trend, there are some crucial factors that need to be confirmed.
Despite the recent rally, it’s essential to note that the $2 line is still not a robust support level. A decisive close above $2.10 would be a strong indication of strength, as it would confirm that XRP has broken out of its consolidation phase and might have some momentum to continue moving higher.
An additional confirmation of a bullish reversal would come from a breakout from the descending channel.
Source: https://u.today/xrp-skyrockets-above-2-but-theres-big-if
