XRP Consolidation at $1.46 Sets Stage for Potential Breakout to $2

XRP is consolidating around $1.46-$1.48 after its recent surge, according to market analyst Diana. The pause could be more than a simple pullback, especially as short-term momentum begins to recover.

The 1-hour RSI is crossing back above its signal average in the mid-40s, hinting at a bullish momentum shift. However, the 4-hour RSI sits near 58, far below the overbought levels above 80 seen during XRP's initial rally.

If XRP clears the current range and pushes through $1.70, the next major psychological target could be $2. Holding $1.46 is crucial for bulls to fuel another move higher, while failure to defend it would weaken the setup and turn attention to $1.34, followed by the $1.30 support zone.

ChartNerd believes XRP's 8.5-year cup-and-handle formation is becoming increasingly significant, with a potential target of $8 or higher by 2030. Exchange outflows have reached a 6-month high, while XRPL addresses have surged, pointing to stronger network activity.