• XRP faces critical resistance at $2, determining its next price direction.
• Analysts predict a breakout could lead XRP to $100, a 45x increase.
• Falling below $2 may push XRP toward support levels at $1.90 and $1.30.

Ripple’s XRP appears ready for a historic breakout, much like the rally seen in 2017. During that run, XRP reached an all-time high of $3.317. Analysts now suggest this level could be surpassed, with projections aiming for $100. This would mark a 45x increase from current prices. However, the journey ahead is uncertain, and critical support levels are being tested. Will XRP rise to new heights, or will resistance hold it back?

$2 Becomes XRP’s Pivotal Level

The $2 mark has become a defining point for XRP. This price acts as both a psychological barrier and a technical foundation. Recently, market uncertainty and selling pressure have tested this level. The daily RSI has dipped below the midpoint, signaling an advantage for sellers.

If XRP falls below $2, it could trigger further declines. The next key support levels sit at $1.90, aligning with the daily SMA 50, and $1.30. A drop to these areas might indicate a short-term peak. On the other hand, holding the $2 level could fuel optimism. A rebound might push XRP toward $2.91, setting the stage for more gains.

Will XRP Repeat History?

With less than 48 hours left in 2024, investors are closely monitoring XRP’s price action. Holding above $2 could open the door to a rally resembling the 2017 surge. A breakout beyond current resistance levels may accelerate momentum toward the $100 mark.

The stakes are high, and traders are bracing for XRP’s next move. A rally of this magnitude would cement XRP’s place as one of the year’s top performers. As the countdown to the new year continues, all eyes remain on XRP’s ability to deliver another historic rally.

The post Ripple’s Path to $100: Revisiting XRP’s 2017’s Explosive Rally appeared first on Crypto News Land.

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