XRP Price Consolidation: Will $2 Be the Next Target?

XRP's price has been consolidating after a sharp rally in August that saw it jump from $0.94 to $1.70, only to be rejected at resistance.

The market is currently deciding whether this consolidation is just a pause or the start of something worse, with the question on everyone's mind being whether XRP can hit $2 next.

One key indicator to watch is the 200-day exponential moving average (EMA), which currently stands at around $1.27 and serves as a structural floor for bulls.

The XRPL's fixCleanup3_3_0 upgrade, which has seen validator support above 80%, could also be a catalyst for XRP's price movement, with activation targeted for September 11.