Can XRP Hit $2.90? The Key Levels Driving Its Bullish Surge
- XRP has entered bullish territory, ending weeks of consolidation, with traders targeting key levels like $2.70 and $2.90.
- A significant liquidation zone at $2.60 could trigger further bullish momentum as market makers eye potential price surges.
- Positive sentiment and Bitcoins post-halving rally in 2025 are boosting XRP, making it a key focus for traders this year.
XRP has now actually finally moved into the bullish territory, putting an end to the consolidation that has been going on for weeks now. This is a significant change in the trend for the cryptocurrency as it goes past critical barriers.
This entry comes after XRP had reached its high in the first week of December before pulling back and consolidating. Although it remains entirely volatile, this pattern started to indicate a bullish trend as other market conditions improved. In a recent post on X, Alan Santna pointed out that XRPUSDT has penetrated the upper resistance level, which means that the consolidation has been completed, and the bullish trend has started.
XRPs Bullish Momentum
In the year 2025, the market has already started leaning towards the bullish side especially due to the post-halving rally of Bitcoin. This positivity has been seen in alts like XRP, which performs well when conditions are good, as seen in the chart above. Experts believe that XRP is now aiming at a price of $2.70 per coin. If this momentum continues, the price may well break through to $2.90 and that is something that traders are keeping their eyes on.
This breakout will benefit the first investors who expected the move. Current traders are optimistic and expecting further upward trends in the next few weeks. This performance makes it very important for XRP to keep on rising in the market because the current market is good for the altcoin market.
XRPs Liquidation Zone
Ali Martinez pointed to an interesting happening in a recent post on X. He disclosed that most of the XRP short positions were initiated at $2.60, which he said points to a substantial liquidation zone. This zone, which is frequently densely populated with market makers, is an area that short sellers may be forced to liquidate. If market makers focus on this zone, it could result in a severe bullish price action that may flip token past its current objectives.
Positive market sentiment has been seen across the market especially with regard to XRP. This coming as the breakout has been confirmed and almost everything pointing towards its direction is suitable for the coin. Concerning the current situation, traders pay attention to the resistance and support levels, and therefore the primary attention is paid to the further increase of coin and the achievement of the estimated goals. At the time of writing, Ripple token is still at $2.48, which is a 4.19% change in the last 24 hours.
The coming weeks will be important for the cryptocurrency as the token tries to hold important levels and trade within a bullish market context. At the moment, it is in the spotlight, and the near-term goals that may pave the way for the next phase of its development include $2.7 and $2.9. The market participants are hopeful that following the breakout, the value of XRP will start appreciating in 2025.
Read more: https://www.tronweekly.com/can-xrp-hit-2-90-the-key-levels-driving-its/
Text source: TronWeekly
