Overview
- XRP slipped below $2.10 with an intraday low near $2.03 before attempting a rebound, facing immediate resistance at $2.10–$2.12.
- Analysts say the daily chart has broken above a months‑long descending channel, with a successful hold of $2 seen as critical for confirming a structural turn.
- Reclaiming $2.18 is viewed as the next trigger for bullish follow‑through toward the $2.32–$2.50 area, while losing $2 would weaken the setup.
- A gravestone doji on the weekly chart signals hesitation after the early‑January spike to roughly $2.40, highlighting near‑term seller pressure.
- Some analysts point to the US Dollar Index’s inverse relationship with XRP, suggesting renewed dollar weakness could improve the odds of a run at the $3.65 high.