XRP Price at Critical Juncture as Analyst Sees Path to $2

XRP's price has been struggling alongside the broader crypto market, currently trading at around $1.33, down 2.7% over the past 24 hours.

Crypto analyst Ali Martinez has argued that XRP is sitting inside a major on-chain support zone and has identified three factors that could lead to a rally: a concentrated area of supply between $1.31 and $1.38, spot XRP ETFs attracting capital despite price weakness, and a potential bullish flag forming on the hourly chart.

The catch is that bulls need to reclaim one important level: $1.38.