XRP Eyes $2 as Analyst Sees Breakout Potential Above $1.55

XRP has been gaining traction after analyst Ali Martinez spotted an inverse head-and-shoulders pattern forming on its daily chart. The key level to watch is $1.55, and if XRP breaks above it, a further 35% rise could be in store, with a target zone around $2.09.

According to Martinez, the move from the current price of $1.40 to $2 would be a 50% gain, but the 35% figure is calculated from after a break above $1.55.

Another analyst, Chartnerd, notes that XRP rebounded after touching its 20-week moving average and returned to the $1.33 to $1.36 area, which is both the midpoint of its price channel and a former support zone. However, if XRP fails to reclaim this area, it would face downward resistance.

The market is watching two key points: whether XRP can turn the $1.33 to $1.36 zone back into support, and whether it can confirm the inverse head-and-shoulders pattern by breaking above $1.55.