XRP Bulls Eyeing $2 Target as Analyst Points to Key Resistance Zones

The XRP price is currently trading near $1.33, holding above a crucial support level around $1.30.

This comes as institutional demand for the token has increased significantly, and trader participation remains elevated despite the broader market volatility.

A popular crypto analyst, Ali, has highlighted three charts that offer clues about XRP's potential path towards $2.

The first chart shows a descending structure with buyers attempting to regain control near the lower range. A breakout from this structure could open the door to a broader recovery, with key levels at $1.41 and $1.52 needing to be reclaimed for the bullish momentum to continue.

The second chart highlights a major historical volume concentration around $1.86, making it a key resistance zone for the upcoming rally. Breaking through this supply could give the rally room to extend towards the psychological $2 barrier.

The third signal comes from the XRP ETF demand, which is providing growing liquidity and helping to absorb selling pressure around the $1.86 supply zone.