XRP Bulls Defy Correction to Eye $2.70 Target

XRP has rebounded above its key support level at $1.40 after correcting from its recent high of $1.70 in mid-August.

The asset's recovery coincided with a surge in trading activity, with Binance handling nearly $7.3 billion in XRP spot trades in late August alone.

EGRAG CRYPTO, a popular analyst, believes that XRP is attempting to establish a bullish continuation pattern and could potentially target $2.70, a 100% move from the recent lows.

However, EGRAG notes that there are still several hurdles in place, including resistance levels at $1.50 and $1.60, before XRP can aim for the psychological $2.00 mark.